Square partners with Clearpay on BNPL feature

Square is partnering with Clearpay to launch a new Buy Now, Pay Later (BNPL) service.

The move will enable Square sellers in the UK to offer BNPL to customers, allowing them to pay in four instalments over a six-week period, while merchants get paid straight away.

“We’re thrilled to be integrating Clearpay both in-store and online in the UK,” said Alyssa Henry, head of Square. "The integration across platforms furthers our goal to give sellers of all sizes omnichannel tools that help them to grow by meeting consumer shopping habits, whatever and wherever they are.”

Henry added: “Clearpay provides our ecosystem with a new tool beyond an alternative payment method; it enables an omnichannel commerce solution that can offer true value to our sellers."

For online purchasing, Clearpay will be embedded as a payment option within Square Online’s checkout system.

Sellers will be able to accept Clearpay in-person at the buyer checkout stage through any Square point of sale software, including: Square Point of Sale; Square Appointments; Square for Retail; and Square for Restaurants.

Sellers who accept payments via Square’s Virtual Terminal dashboard can offer Clearpay via text message Pay Links or by using Square Terminal hardware.

“We’re delighted to make Clearpay available to Square’s sellers to help them grow their businesses,” said Rich Bayer, UK country manager, Clearpay. “These businesses can now offer more payment flexibility to their customers via Clearpay, giving them the tools to attract young and engaged shoppers who want BNPL as their preferred payment method.”

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