Square Unveils ‘Terminal’ to Rival Keypad Credit-Card Machines

Square Inc. unveiled a device that competes with old-school keypad-based credit-card machines, part of the payment company’s broader effort to attract new merchants.

The product, called Square Terminal, lets sellers ring up sales, process any type of payment and print receipts from one device, the San Francisco-based company said in a statement Thursday. The hardware costs $399, and the company charges a transaction fee for every payment. Sellers that are new to Square will get a discount on the machine. Square Terminal also has software that lets merchants access inventory, create discounts and send invoices.