Square debuts Bitcoin payments and wallet for US sellers

Square unveiled a new integrated payments and wallet product on Wednesday that will let eligible U.S. merchants accept Bitcoin at checkout and manage the digital asset alongside their regular business finances. The offering, called Square Bitcoin, begins processing Bitcoin payments on November 10, 2025, and will waive processing fees for the first year. The company said merchants can opt to settle instantly in either Bitcoin or U.S. dollars and can automatically convert up to 50 percent of daily card sales into Bitcoin.

Square Bitcoin bundles three primary capabilities into the existing merchant dashboard. Bitcoin Payments enables in-person and point-of-sale acceptance of Bitcoin. Bitcoin Conversions, which has been piloted with a subset of sellers, can automatically convert a portion of card receipts into Bitcoin; the company reported that pilot participants had accumulated 142 Bitcoin as of early October. A native Bitcoin Wallet lets sellers buy, sell, hold and withdraw Bitcoin without leaving Square’s platform.

The rollout will be limited to eligible U.S. sellers and will exclude New York State because of regulatory restrictions. The company said it plans a phased expansion...