Report: Amazon's Taking Square Head-On

By Brian Barrett on at

9to5Mac has obtained some convincing evidence that Amazon's working on its own credit card swipers, aiming its sights at US- and Canada-based company Square for payments-on-the-go. Because if you're not going to buy from Amazon, at the very least they can handle the money.

Square is a company that creates small units that plug into a smartphone. The device enables payments to be made by swiping a credit or debit card through the Square unit. It is mainly geared towards small businesses who can use it instead of a traditional card-reading machine. It is not currently available in the UK or Europe, solely North America at this time.

The internal Staples documents highlighted by 9to5Mac indicate that the Amazon plans to sell its tiny credit-card-taker for $10 (around £6) apiece, launching as early as August 12. It's not clear what advantages an Amazon card swiper would hold over similar options from Square and others, although presumably it'll be competitive through sheer force of scale.

We've reached out to Amazon for confirmation and will update if and when we hear back. For now, the only thing that's for certain is that this kind of competition might be what finally sends Square packing. [9to5Mac]