Square's Bitcoin Payment Rollout Nears Expected Nov. 10 Finish

Square's phased rollout of Bitcoin (BTC) payments for eligible U.S. sellers is expected to finish Nov. 10, expanding the checkout option within a network of more than 4 million merchants.

The rollout began March 30, when Square started automatically enabling Bitcoin payments for qualifying sellers without requiring them to request access. The merchant figure describes Square's overall network, not the number of sellers eligible for the option or accepting Bitcoin.

Customers can pay through the Lightning Network. Sellers receive U.S. dollars by default and can choose to receive Bitcoin instead.

Square also allows sellers to automatically convert up to 50% of their daily sales revenue into Bitcoin.

Bitcoin payment processing carries no fee through Dec. 31, 2026. A fixed 1% processing fee is expected to apply after that date.