There are several different payment methods available at the moment, such as Square which many thought would be competing against Apple Pay. However as you might recall, Square decided to embrace Apple Pay and announced that they were planning on building registers to support Apple’s mobile payments solution.
Well according to Square’s founder Jack Dorsey, it has been announced that Square’s registers that will support Apple Pay are expected to roll out in 2015. No specific dates were mentioned but Apple Pay customers can look forward to it come next year.
According to Dorsey who spoke in an interview with CNN, he was quoted as saying, “We’re not building a credit card. We’re not building a payment device. We’re building a [cash] register, and this register accepts all these forms of payments.” This pretty much echoes what he had said back in September when Square’s plans were first mentioned.
There had been some rumors earlier this year that Apple had planned to acquire Square for a whopping $3 billion, but if the rumors are to be believed, it seems that Square had turned down Apple’s offer. In fact Square’s rejection was supposed to be based on the fact that the company had been valued at $6 billion, and Apple’s offer of $3 billion was simply not enough.