Payments

As Square moves online, Shopify embraces in store

  • Shopify has introduced three new POS devices.
  • Shopify wants to power commerce across channels for its clients.
close

Email a Friend

As Square moves online, Shopify embraces in store

Shopify rolled out three point of sale devices for use inside brick and mortar stores.

Best known as an online store hosting company, Shopify added to its existing retail hardware with The Shopify Tap & Chip Reader, Dock, and Retail Stand. With more in-store options, Shopify not only expands its footprint into retail but gives its clients more functionality to manage their businesses across channels.

Shopify’s Tap & Chip Reader

What’s going on here: Shopify wants to help its customers, many of whom began as digitally native brands, expand into retail. This cuts into Square’s turf, which does billions of dollars servicing retail store owners with payments and finance tools. Square, in turn, is moving deeper online, with a recent relaunch of its online store. We’re seeing a convergence of commerce and payments platforms.

“We’ve helped merchants successfully build and grow their online stores for 14 years, and now we’re the best partner to help entrepreneurs capitalize on the huge opportunity of in-person selling,” said Craig Miller, chief product officer at Shopify.

“Digitally native brands want to build loyal audiences through retail locations, and we’ve designed the best products to help them achieve this success.”

From store hosting to business hosting: These new POS tools also point to the maturation of Shopify’s business. Shopify is evolving from an online store host to a business platform, including offering capital for select clients. Expanding across channels gives Shopify a bigger piece of the commerce pie and further locks in its clients.

0 comments on “As Square moves online, Shopify embraces in store”

Payments

Venmo launches business profiles, takes another step toward monetization

  • The popular P2P app continues to look for opportunities to monetize its popularity.
  • It's launching basic store fronts for small sellers on the app.
Zoe Murphy | July 03, 2020
Payments

With its Shop Small campaign, American Express incentivizes its cardholders to support small businesses

  • Small businesses are suffering in this economic environment.
  • Amex is running a rewards campaign with cash back to support local businesses.
Zoe Murphy | June 30, 2020
Payments, Podcasts

Qolo’s Patricia Montesi on launching a payments company during the pandemic

  • The pandemic has challenged institutions in so many ways.
  • Qolo has publicly launched its all in one solution for B2B payments.
Michael Deleon | June 26, 2020
Payments, Podcasts

Fattmerchant wants to turn software firms into payments companies

  • Software companies have all the SMB eyeballs these days.
  • FIrms like Fattmerchant are helping them turn into payment companies cheaper and more easily.
Zachary Miller | June 24, 2020
Payments

WhatsApp launches payments in Brazil

  • After months of testing, Facebook's WhatsApp launches payments in Brazil.
  • The country's 120 million users will be able to pay merchants and send money to one another without leaving a chat.
Michael Deleon | June 15, 2020
More Articles