Square Could Enable Bitcoin Payments For Over 4 Million U.S. Merchants, Waiving Fees Through 2026

• Square’s Bitcoin payments launch begins November 10, 2025, for 4M+ U.S. merchants.

• Zero transaction fees through 2026, 1% processing fee planned for 2027.

• Block holds 8,692 BTC; participating merchants have accumulated 142 BTC since 2024 beta.

Square Bitcoin payments launch to 4M+ U.S. merchants on Nov 10, 2025—zero fees through 2026. Learn how to accept, hold or convert Bitcoin at checkout.

What is Square’s Bitcoin payments rollout?

Square Bitcoin payments is a merchant-facing feature that lets U.S. businesses accept Bitcoin at checkout, store BTC in a built-in Square wallet, or convert payments instantly to U.S. dollars. The rollout to over 4 million merchants begins November 10, 2025, with waived fees through 2026 and optional automatic conversion settings.

How will merchants accept and manage Bitcoin with Square?

Merchants will enable Bitcoin payments via the Square dashboard. The system supports holding Bitcoin, instant conversion to fiat, or automatic split conversions of daily card sales (up to 50%). Square also demonstrated Lightning Network support for near-instant settlements at the Bitcoin Conference 2025.

Square will enable Bitcoin payments for over 4 million U.S. merchants starting November 10, expanding crypto adoption.

• Square’s Bitcoin payments launch begins November 10, allowing merchants to accept and manage BTC directly.
• The update includes zero fees through 2026 and a built-in wallet for Bitcoin storage and conversion.
• Block’s Bitcoin strategy gains momentum as its stock rises 2.5% following the announcement.

Square, the payments arm of Jack Dorsey’s Block Inc., will roll out Bitcoin payment support to more than four million U.S. merchants beginning November 10, 2025. The new feature enables businesses to accept Bitcoin at checkout and store it in a dedicated wallet within their Square dashboard. Merchants can choose to hold the Bitcoin, convert it instantly to U.S. dollars, or split daily sales between the two.

Why is Square rolling out Bitcoin payments now?

Square said the timing follows merchant demand and broader infrastructure improvements, including Lightning Network integrations demonstrated at the Bitcoin Conference 2025. Company data shows participating merchants from the beta have collectively accumulated 142 Bitcoin since 2024, supporting the case for wider availability.

What are the geographic and regulatory limits?

Square confirmed the feature will be available to all U.S. sellers except those located in New York State because of state-specific regulatory constraints. The company emphasized it will comply with applicable rules and update availability as regulatory conditions change.

How does this fit into Block’s broader Bitcoin strategy?

Block continues to build Bitcoin infrastructure across its products. The company holds 8,692 Bitcoin, placing it among the largest public holders. Block’s integration aims to normalize Bitcoin in commerce by removing technical barriers and offering settlement flexibility.

Miles Suter, Head of Bitcoin Product at Block, said the feature bridges traditional commerce with digital currency by making Bitcoin transactions as simple as card payments. Jack Dorsey noted on X that the integration aligns with Block’s mission to make Bitcoin accessible and practical for consumers and businesses.

How will fees and settlement work?

Square will waive transaction fees for Bitcoin payments through the end of 2026. A 1% processing fee is scheduled to begin in 2027. Merchants can elect automatic conversion settings to reduce volatility exposure or keep Bitcoin proceeds in the wallet for strategic holdings.

What does this mean for merchants and payments landscape?

The rollout reduces technical friction for small businesses and may accelerate merchant acceptance of cryptocurrency. Industry activity from PayPal, Google’s Agent Payments Protocol, and Visa’s stablecoin experiments indicates a broader shift toward integrating crypto into payments rails.

Frequently Asked Questions

Can I opt out of Bitcoin settlement?

Yes. Merchants can choose instant conversion to USD at the point of sale or set a split between Bitcoin and fiat to manage exposure. Options are configured in the Square dashboard.

Will Square support Lightning Network?

Square demonstrated Lightning Network support during the Bitcoin Conference 2025, enabling faster, lower-cost settlements in selected demonstrator environments.

Key Takeaways

• Wide rollout: Square opens Bitcoin payments to 4M+ U.S. merchants on Nov 10, 2025 (New York excluded).
• Fee structure: Transaction fees waived through 2026; a 1% fee is planned to begin in 2027.
• Operational flexibility: Merchants can hold BTC, convert instantly, or split daily sales—managed in the Square wallet.

Conclusion

Square’s Bitcoin payments rollout is a key step toward mainstream crypto payments, giving merchants practical options to accept and manage Bitcoin in commerce. With waived fees through 2026, Lightning support demonstrations, and integrated wallet tools, the update positions Block to expand Bitcoin use in everyday transactions. Merchants should review Square dashboard settings ahead of the November 10 launch to choose settlement options that match their risk and operational needs.