Related Articles
Square has lined up its first luxury-brand partner, a new report claims.
Square and the Burberry clothing chain are testing out a deal to see how the payment processing might work in its stores, The Next Web reported today, citing people who claim to have knowledge of the deal. The announcement could be made soon.
Burberry CTO John Douglas already spilled the beans, albeit unofficially. On Twitter last week, Douglas noted that Square was “live in our Burberry Brit store in San Francisco.”
Related stories
- Best Payment Apps for August 2022: Apple Cash, Cash App, PayPal and More
- iPhones could become payment terminals, Microsoft readies Windows 11 update
- Final Fantasy XVI delayed by COVID-19, with reveal coming in spring 2022
- Reddit files for IPO, TikTok tries new safeguards
- Tesla moves headquarters, Square rebrands as Block
Square has been growing by leaps and bounds. The company, which offers a free accessory that attaches to an iPhone or iPad and processes payments, announced last month that it is now handling $10 billion in transactions annually. Just two months prior, that figure stood at $8 billion.
Central to Square’s success is partnering with major vendors. Starbucks has integrated Square’s service into 7,000 U.S. stores. That Burberry is now testing it is even more good news for the company.
CNET has contacted Square for comment on The Next Web’s report. We will update this story when we have more information.
