Square’s Game-Changer: 4 Million Merchants Now Accept Bitcoin with Zero Fees

Square has officially launched a groundbreaking service that allows its 4 million U.S. merchants to accept Bitcoin payments with zero processing fees. This development marks a significant milestone in Bitcoin’s journey toward mainstream adoption as everyday money rather than just a speculative asset.

Block Inc., Square’s parent company led by notable Bitcoin advocate Jack Dorsey, announced the rollout as part of their strategy to make Bitcoin accessible and practical for everyday commerce. Merchants can now process Bitcoin payments directly through their existing Square point-of-sale systems, with transactions settling almost instantly and zero fees until at least 2027.

Bitcoin payments are now live 🟧🚀https://t.co/KKFtNvgdDA pic.twitter.com/Qt9S1z535D

— Square (@Square) November 10, 2025

How Square’s Bitcoin Payments Work

The new system offers remarkable simplicity for merchants and customers alike. Square merchants can enable Bitcoin payments through a brief verification process in their dashboard. Once activated, businesses can accept payments via QR codes, receive funds in either Bitcoin or U.S. dollars, and manage their Bitcoin alongside their regular business finances all within the same interface.

Miles Suter, Head of Bitcoin Product at Block, explained the reasoning behind the initiative: “Bitcoin speeds up the transaction process and cuts out those nagging credit card fees. When a coffee shop or retail store can accept Bitcoin Payments through Square, they enjoy instant access to funds and get to keep more of their revenue by avoiding credit card fees and chargebacks.”

The technology leverages the Lightning Network, Bitcoin’s layer-two scaling solution that enables near-instantaneous transactions with minimal costs. This overcomes traditional Bitcoin transaction limitations like slower processing times and variable fees, making it practical for everyday purchases from coffee to clothing.

Everyone was excited about the U.S. Strategic Bitcoin Reserve, but this is what really matters.

Starting today, over 4 million Square users can accept Bitcoin.

• Zero CC fee
• Instant settlement
• Global payments

MoE is here, and a positive outlook for miners, who's… pic.twitter.com/sgYlm63Ub6

— Billy ₿oone (@BillyBoone32) November 10, 2025

Benefits Beyond Zero Fees

Square’s Bitcoin integration offers merchants several advantages beyond the zero-fee structure. Businesses receive instant settlement, unlike traditional payment processors that may take days to release funds. Additionally, Bitcoin transactions cannot be reversed, eliminating the risk of chargebacks that often plague small businesses.

Joe Carlo, owner of Pink Owl Coffee who participated in early testing, shared his experience: “By using Bitcoin Conversions in beta, we’ve built a strong financial reserve for Pink Owl over the past two years, right from the same platform we use to make sales, run payroll, and manage inventory. Now, with bitcoin payments, we’re able to serve our customers in more ways while boosting bitcoin education.”

The system also includes Bitcoin Conversions, allowing merchants to automatically convert a percentage of their daily card sales into Bitcoin. This feature enables businesses to diversify their finances and potentially build long-term savings without requiring separate accounts or complex processes.

Strategic Vision and Market Impact

Jack Dorsey, Chairman of Square and longtime Bitcoin advocate, has consistently promoted Bitcoin as the internet’s native currency. This initiative aligns with Block’s three-phase strategy: making Bitcoin more accessible, ensuring secure custody, and transforming it into everyday money.

According to Square, approximately 29% of their sellers have expressed interest in Bitcoin conversions for business savings, with 89% of those merchants planning to use Bitcoin as a long-term treasury asset. This suggests the feature may appeal to forward-thinking business owners looking to diversify beyond traditional financial tools.

The rollout excludes New York State due to regulatory hurdles but is available nationwide to eligible U.S.-based sellers using Square’s free, Plus, or Premium plans. While the zero-fee promotion will eventually transition to a 1% fee in 2027, this remains significantly lower than typical credit card processing fees of 2.5-3.5%.

The Future of Retail Payments

Square’s Bitcoin integration represents a significant step toward making cryptocurrency functional in everyday commerce. The company’s position serving both merchants through Square and consumers through Cash App creates a unique ecosystem that could accelerate Bitcoin adoption.

“We’re making Bitcoin payments as seamless as card payments while giving small businesses access to financial management tools that, until now, have been exclusive to the largest corporations,” Suter noted. “Through Square and Cash App, we serve both sides of the counter, meaning Square is uniquely positioned to make Bitcoin everyday money.”

For consumers, the process is designed to be as simple as scanning a QR code at checkout. Square handles complex aspects like real-time exchange rate calculations and confirmation notifications behind the scenes, creating a smooth experience comparable to traditional payment methods.

As millions of small businesses from coffee shops to retailers gain access to this technology, we may soon see “Bitcoin Accepted Here” signs appearing alongside traditional payment network logos, signaling a new era in digital commerce where cryptocurrency moves beyond investment portfolios and into daily transactions.

Disclaimer: News content provided by Genfinity is intended solely for informational purposes. While we strive to deliver accurate and up-to-date information, we do not offer financial or legal advice of any kind. Readers are encouraged to conduct their own research and consult with qualified professionals before making any financial or legal decisions. Genfinity disclaims any responsibility for actions taken based on the information presented in our articles. Our commitment is to share knowledge, foster discussion, and contribute to a better understanding of the topics covered in our articles. We advise our readers to exercise caution and diligence when seeking information or making decisions based on the content we provide.