Starbucks, the coffee giant has decided to team up with Square in order to accelerate mobile payments in a groundbreaking partnership in order to further stimulate small business growth, while attempting to enhance the payment experience for millions of customers. Amidst the partnership terms will include the ability for customers to pay using Square, Square?s payer application. This will happen later this fall, and you will be able to pick up the nearest Starbucks locations within the Square Directory.
Square will go ahead and process Starbucks U.S. credit and debit card transactions, and this will significantly expand Square?s scale and accelerate the benefits to businesses on the Square platform. It might just help small businesses, while assisting Starbucks in reducing their payment processing costs. Approximately 7,000 Starbucks stores will participate in this partnership. (more…)By Ubergizmo. Related articles: Starbucks for Android gets updated with PayPal integration, launches in Canada and U.K., Square has new payment platform for New York cabs,