Square Shatters Barriers: 0% Fee Bitcoin Payments Go Live
Square just dropped the mic on traditional payment processors.
The Zero-Fee Revolution
No more eating transaction costs when moving bitcoin. Square's new program eliminates fees entirely—cutting out the middlemen who've been skimming profits for decades.
Mainstream Adoption Accelerates
This move bypasses traditional banking hurdles, putting bitcoin payments directly into merchants' hands. Finally—digital currency that actually works for everyday commerce instead of just speculative trading.
Because nothing says financial innovation like actually letting people use their money without paying protection money to banks.
Bitcoin Commerce Goes Mainstream
Square bitcoin integrates payments, conversions, and custody into a single interface. Merchants can accept Bitcoin at checkout, automatically convert up to 50 percent of daily sales into Bitcoin, and manage their holdings within the Square Dashboard.
The new product will start processing transactions on November 10, 2025, with zero fees for the first year, incentivizing sellers to experiment without cost barriers.
The launch aims to make digital currency acceptance as straightforward as existing card systems. Miles Suter, Head of Bitcoin Product at Block, said the rollout marks a turning point for merchants adopting digital currency.
“Bitcoin is no longer a niche investment—it’s becoming a daily settlement tool. Our goal is to make Bitcoin transactions as seamless and accessible as card payments.”
🇺🇸 $48 BILLION JACK DORSEY'S SQUARE JUST LAUNCHED A #BITCOIN WALLET FOR THEIR 4 MILLION MERCHANTS
BITCOIN IS GOING MAINSTREAM 🚀 pic.twitter.com/mMzk3HF00O
The rollout follows pilot tests from 2024, during which participating sellers accumulated 142 BTC through automatic conversions. Square said the program will expand nationwide, except in New York, due to regulatory restrictions.
Industry analysts see the integration as a potential catalyst for wider Bitcoin adoption. Market tracker eMarketer expects US crypto-payment users to increase 82 percent between 2024 and 2026, driven by merchant tools that simplify conversion and compliance.
Ripple Effects Across the Crypto Industry
Square’s entry intensifies competition in crypto payments. PayPal already processes stablecoin transactions through PYUSD, while Stripe and Visa are experimenting with on-chain settlement. By offering native Bitcoin support and instant fiat conversion, Square could push peers to expand beyond stablecoins and embrace decentralized rails.
The launch also reinforces Bitcoin’s position as the primary settlement asset in digital commerce. Analysts say merchant demand for reliable, censorship-resistant payment channels may accelerate Bitcoin’s network usage and Lightning Network adoption.
The timing could be transformative for crypto infrastructure providers. Increased transaction volume from Square’s merchant base may spur liquidity growth across Lightning nodes and boost integration demand for compliance and analytics platforms.
Regulators are watching closely. The Consumer Financial Protection Bureau (CFPB) and the Financial Crimes Enforcement Network (FinCEN) have highlighted Bitcoin payments as an emerging area for oversight. Square said it will maintain full AML and KYC compliance within its ecosystem.
Block (XYZ) shares closed 2.64% higher on the day at $81.11. Despite the rebound, the stock remains down 4.5% year to date. Block shares had surged past $90 early this year before tumbling to around $46 in early May, and have since been climbing steadily.
