Square Completes Bitcoin Payments Rollout for Eligible U.S. Merchants

Square has completed its planned rollout of Bitcoin payments to eligible U.S. merchants, expanding the number of businesses that can accept the cryptocurrency at checkout through Square’s payment system.

The service uses the Lightning Network. Customers can pay with Bitcoin (BTC), while merchants receive payment in U.S. dollars by default. Sellers can choose to retain the Bitcoin proceeds instead. This gives customers a way to spend Bitcoin at qualifying checkouts without requiring sellers to keep Bitcoin as their default settlement currency.

Square is waiving processing fees for Bitcoin payments through the end of 2026. The company plans to begin charging a flat 1% processing fee after that period ends.

Eligibility requirements still limit which merchants can use the feature. Square’s broader merchant network includes more than 4 million businesses, but the completed rollout does not make Bitcoin payments available to every seller in that network. The option is available only at checkout with merchants who qualify.