Square Completes Bitcoin Payments Rollout to 4 Million Merchants

Published November 11, 2026, 6:47 PM PKT. Based on Square's official Bitcoin payments guide and Block's May 27, 2025 announcement (primary sources), and reporting by Binance News, Bitcoin Magazine and KuCoin News (secondary sources).

Square has completed its phased rollout of Bitcoin ($BTC) payments, automatically switching on the feature for eligible sellers across its network of more than 4 million merchants in the United States, the company confirmed on November 10, 2026.

The rollout, which began on March 30, 2026, means customers at participating shops, restaurants and other small businesses can now pay with Bitcoin at the register, while merchants receive U.S. dollars by default unless they choose to keep some of the payment in Bitcoin. Square is waiving processing fees on Bitcoin payments through December 31, 2026.

The completion marks the largest merchant Bitcoin acceptance rollout to date, putting Bitcoin checkout inside the point-of-sale hardware millions of American small businesses already use. The open question is how many of those merchants will actually take a Bitcoin payment, a figure Square has not disclosed.

The November 10 finish line

Square said the expansion was complete on November 10, 2026, Binance News reported that day, citing Bitcoin News, and Bitcoin Magazine flagged the same day that Square had officially enabled Bitcoin payment acceptance for about 4 million merchants across the United States.

The rollout began on March 30, 2026, when Square started automatically enabling Bitcoin payments for eligible U.S. sellers, with no application required, according to KuCoin News, citing ChainCatcher and Bitcoin News. November 10 had been the target date for full availability from the start of the phased rollout.

Square's own guide now states that Bitcoin payments settled in dollars are auto-enabled for new sellers in the U.S. for eligible locations by default, and that all eligible business locations will have Bitcoin payments enabled.

How a Bitcoin payment works at the till

When a customer chooses Bitcoin at checkout, Square displays a Lightning Network QR code, the customer scans it with a Lightning-enabled wallet such as Cash App, and the payment settles in seconds, according to Square's guide. On Square Register, buyers can also select Bitcoin on the customer-facing display, or tap a phone with a Lightning-enabled wallet to pay by NFC.

Square converts the payment to U.S. dollars and settles it almost instantly by default, so the merchant takes no price risk on the sale. Merchants who want exposure can choose to receive the payment in Bitcoin instead, or use Square's Bitcoin Conversions feature to automatically convert up to 50% of eligible daily card sales into Bitcoin.

There are limits. Square caps a single Bitcoin payment at the current market equivalent of $600, with a $20,000 total daily limit, its guide states. The feature is not available to businesses in New York State.

Zero fees through 2026, then 1%

Square charges no processing fee on Bitcoin payments until December 31, 2026, after which a flat 1% fee applies, according to the company's guide and the terms cited in the November reporting. The 1% rate would still sit well below the 2.5% to 3.5% that typical card transactions cost merchants, a gap Square has used to pitch the feature to small businesses.

Bitcoin payments also carry no chargebacks, Square notes, because Lightning payments settle immediately and cannot be reversed the way a card payment can.

Four million is the network, not the usage

The 4 million figure describes the size of Square's merchant network, not the number of businesses that have taken a Bitcoin payment. Eligibility is decided automatically by Square's system and re-evaluated periodically, and merchants must still complete business setup and verification. Square has not disclosed how many merchants have completed verification or processed a Bitcoin payment.

That distinction matters for judging the rollout. The infrastructure is now live at national scale, but adoption will show up only in how many merchants keep the feature switched on and how many customers choose to pay with Bitcoin at the till.

A year and a half from announcement to checkout

Block, Square's parent company, first announced Bitcoin payments on Square on May 27, 2025, at the Bitcoin 2025 conference in Las Vegas, where attendees could try the feature at the conference merchandise store. The company said then that the rollout would begin in the second half of 2025 and reach all eligible Square sellers in 2026.

"We are making bitcoin payments as easy as card payments," Miles Suter, Block's head of Bitcoin product, said in a Square announcement in October 2025. The rollout is the centerpiece of Block chief executive Jack Dorsey's push to make Bitcoin usable as everyday money rather than only as an investment.

Sources

• Block, Inc., Block to roll out bitcoin payments on Square, May 27, 2025 (primary source: announcement of Bitcoin payments on Square; Lightning Network settlement; showcase at Bitcoin 2025 in Las Vegas; rollout anticipated to begin in the second half of 2025 and reach all eligible Square sellers in 2026)
• Square, Accept and manage bitcoin payments (primary source: Bitcoin payments settled in dollars auto-enabled for new U.S. sellers in eligible locations by default; all eligible business locations will have Bitcoin payments enabled; 0% processing fee until December 31, 2026, then 1%; maximum $600 per transaction and $20,000 total daily limit; not available to businesses in New York; QR code, customer-facing display and NFC tap options on Square Register)
• Binance News, Bitcoin Payments Open to Eligible U.S. Merchants as Square Completes Planned Expansion, November 10, 2026 (secondary source: Square completing its planned expansion on November 10, 2026; Lightning Network payments open to eligible sellers; merchants receive U.S. dollars by default or can keep Bitcoin; fees waived through the end of 2026, flat 1% afterward; merchant network of more than 4 million businesses; eligibility restrictions apply)
• Bitcoin Magazine, via KuCoin News, JUST IN: Jack Dorsey's Square has officially enabled Bitcoin payment acceptance for about 4 million merchants, November 10, 2026 (secondary source: Square officially enabled Bitcoin payment acceptance for about 4 million merchants across the United States)
• KuCoin News, Square Expands Bitcoin Payments to Over 4 Million Merchants, November 7, 2026 (secondary source: rollout began March 30, 2026; eligible U.S. merchants automatically enabled without applying; customers pay via the Lightning Network with settlement in seconds; merchants default to U.S. dollars but can retain Bitcoin; up to 50% of daily sales revenue convertible into Bitcoin)
• IDNFinancials, Square Expands Bitcoin Payments, Targets November 10, November 8, 2026 (secondary source: Miles Suter quote, "We are making bitcoin payments as easy as card payments"; feature not available in New York State; 0% fee until December 31, 2026, 1% from January 1, 2027)

This article is news reporting and is not investment advice.