Square, the fintech firm founded by Jack Dorsey, is beginning to roll out automatic Bitcoin settlement option for U.S.-based merchants. The crypto-friendly platform announced that eligible U.S. merchants that use Square will be able to accept payments in BTC without requiring any additional setups.
The feature, Square said, is intended to help merchants expand their customer base by adding another viable payment option. The instant access feature will be free-of-processing fee until 2027, the announcement said.
“Expand your customer base by accepting bitcoin payments and automatically receive them as BTC or USD without lump-sum payouts,” said the platform founded by the father of X (formerly Twitter) in 2009 said.
Merchants looking to convert a portion of their daily sales into BTC will be able to do so via the Square platform going forward. This way, sellers will be able to diversify their personal investments with full control over how much to convert and when to sell.
“Manage your Bitcoin Wallet seamlessly alongside Square Banking tools. Purchase up to $100K weekly, sell anytime with no limits, track market transactions, and access tax reporting directly in your Square Dashboard,” the announcement added.
Source: Square
Square has chalked out three different BTC conversion plans for merchants to choose from ranging from a no-cost plan to $149 per month.
The development comes after Square identified over 29 percent of sellers using its platform looking to convert their business savings into BTC, the oldest and most expensive crypto asset that touched an all-time high of $126,210 in October last year.
Of the BTC-interested sellers, Square claimed, 89 percent view BTC as a long-term savings asset.
Square had been taking gradual steps towards linking BTC to the merchant economy. In July last year, Square started onboarding merchants to its BTC acceptance feature.
In October 2025 Square had started allowing American merchants to accept BTC at checkout.