A merchant accepting Square's mobile payments lets potential buyers know that at an antiques fair in Alameda, Calif.
(Credit:
James Martin/CNET)
Square has lined up its first luxury brand partner, a new report claims.
Square and Burberry are testing out a deal to see how the company's payment processing might work in the fashion brand's boutiques, The Next Web is reporting today, citing people who claim to have knowledge of the deal. The announcement could be made soon.
Interestingly, Burberry CTO John Douglas might have scooped the companies. On Twitter last week, Douglas said that Square was "live in our Burberry Brit store in San Francisco." The Next Web's sources say that there is indeed a Square installation in Burberry's Westfield store in San Francisco.
Square has been growing in leaps and bounds. The company, which offers a free accessory that attaches to an iPhone or
iPad and process payments, announced last month that it's now handling $10 billion in transactions every year. Just two months prior, that figure stood at $8 billion.
Central to Square's success is partnering with major vendors. Starbucks has integrated Square's service into 7,000 U.S. stores. That Burberry is now testing it out is even more good news for the company.
CNET has contacted Square for comment on The Next Web's report. We will update this story when we have more information.
Square to ink payment-processing deal with Burberry -- report
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Square to ink payment-processing deal with Burberry -- report
