Square Bitcoin Payments Launch Across the U.S. With Zero Fees Until 2027

Last updated on November 11, 2025

This article was first published on Deythere.

“Square Bitcoin payments” rolled out on November 10, 2025, enabling more than 4 million U.S. merchants to accept Bitcoin (BTC) at checkout. According to the source, the feature lets sellers choose settlement in either Bitcoin or U.S. dollars and waives processing fees through the end of 2026.

For crypto-focused readers, this move brings real payment use of Bitcoin into sharper focus.

What the Rollout Entails

Coverage and timeline

The parent company, Block, Inc.’s merchant platform (branded as Square) now enables “Square Bitcoin payments” across its installed base of about 4 million merchants in the U.S. (excluding New York State). 

The technology uses the Lightning Network for settlement, which supports near-instant transactions. 

Fees & settlement options

• Processing fees are zero through the end of 2026. 
• Starting January 1, 2027, a flat fee of 1 % will apply.
• Merchants can settle in Bitcoin or convert to U.S. dollars instantly, giving them a choice. 

Technical and operational details

Customers can scan a QR code at checkout to pay in Bitcoin via Lightning. The “Square Bitcoin payments” system integrates with existing Square hardware; merchants generally don’t need new devices.

The system bypasses traditional card networks, which means no chargebacks and fewer intermediaries.

Why Crypto Readers Should Care

Real-world crypto use

For years, Bitcoin (BTC) has been framed as an investment or “store of value.” The “Square Bitcoin payments” initiative gives it a functioning payment channel in everyday commerce, which may shift how the asset is used and perceived.

Cost reduction and business attractiveness

Merchants who adopt the new payment option may reduce their payment processing costs. With zero fees until 2027, this has real financial implications compared to standard card-processing fees (~2 %-3 %).

Infrastructure meets utility

Lightning Network integration matters: faster settlement, lower friction, and a payment experience that works for retail. That strengthens the argument that crypto payments can work at scale.

Ripple effects in the payment world

If Square succeeds, other platforms may accelerate their crypto payment offerings. This may affect crypto demand, token flows, ecosystem investment, and business strategy. For those tracking the broader crypto economy, “Square Bitcoin payments” is worth watching.

Quick Facts Table

Conclusion

Square Bitcoin payments provides merchants with a viable option to accept Bitcoin while offering flexibility in settlement and cost control. The impact will depend on how quickly customers adopt paying with BTC and how many merchants choose to hold rather than convert.

Crypto readers should monitor merchant behavior, fee trends, and the pace of usage. With adoption beginning now, this shift may mark a noteworthy phase in how crypto fits into business operations.

Glossary of Key Terms

• Bitcoin (BTC): The original cryptocurrency, represented by the ticker symbol BTC.
• Lightning Network: A second-layer protocol built on Bitcoin to enable fast and low-cost payments.
• Settlement: It can either be a crypto or fiat transaction, but in both cases, it is the process that the merchant goes through to receive funds.
• Point-of-Sale (POS): The system, which can be hardware or software, that merchants use in order to receive payments at the point of sale.
• Chargeback: A payment reversal that is most commonly linked to credit card payments; however, in the case of cryptocurrencies, there often will not be chargebacks.

FAQs About Square Bitcoin Payments

Q1: When will “Square Bitcoin payments” be available globally?

Currently, the rollout is in the U.S. (excluding New York). Global expansion depends on regulatory approvals.

Q2: If a customer pays with Bitcoin, can the merchant hold BTC?

Yes. Merchants using “Square Bitcoin payments” may choose to keep the Bitcoin they receive or convert it to USD immediately.

Q3: Are there risks for merchants accepting Bitcoin?

Yes. Holding Bitcoin exposes oneself to price volatility. But the conversion option mitigates that risk.

Q4: How fast are transactions via “Square Bitcoin payments”?

The system uses the Lightning Network, allowing near-instant settlement suitable for retail checkouts.