New Bank of Queensland small business customers who sign up for business banking services will now receive a free Square reader with free payments processing for their first $1000 of sales.

Bank of Queensland (BoQ) has struck a deal with Twitter co-founder Jack Dorsey’s Square to market contactless and chip card payments to small businesses. It is a first-of-a-kind partnership that will give more small businesses across Australia a simple way to access great banking services and more flexible payment options.

“It’s great to see the bank embracing Square’s technology to add more value to its small business offering. Square’s mobile point-of-sale technology provides small business owners with unparalleled flexibility and simplicity, while significantly reducing the cost and time it takes them to set up,” said Ben Pfisterer, Square’s Australia Country Manager.

Greg Pink, BoQ General Manager for SME Banking sees the unique partnership as a way for those who sign up for business banking services to access more flexible payment options when running their businesses.

“At BoQ, we have a unique understanding of small businesses as many of our branches are run by small business owners,” he said.

The Square payment device also allows users to access other functions including a dashboard of payment activities, and invoices. The device is available to new BoQ small business customers across the bank’s 180 branches in Australia.



Refer article for Square.

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