EE Partners with Square to Drive Digital Payments for SMEs

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EE, part of BT Group, is partnering with Square to help UK small businesses securely accept contactless mobile payments, anytime anywhere.

Available now, the partnership will give EE’s small business customers access to a free Square Reader, with fee-free processing on their first £1,000 of card transactions in person, online or over the phone. With Square, customers can accept touch-free payments in-person and online, quickly and securely.

According to recent research1 by Small Business Britain and BT Skills for Tomorrow, the coronavirus pandemic has prompted SMEs to embrace more digital ways of working. Over half (51 per cent) of UK’s businesses are moving online to better engage with their customers; 44 per cent are selling more of their products online; and 26 per cent have increased their use of contactless payments. As a result of this shift, 43 per cent expect their use of digital tools to increase in the future.

Square’s own research2 reveals that fewer than one in four payments are being made in cash – approximately half of pre-Covid-19 levels – as businesses and consumers alike look for contact-free ways to pay.

Pete Oliver, Managing Director of SME, BT’s Enterprise Unit, said: “We’ve seen how the Covid-19 pandemic has driven businesses of all shapes and sizes to embrace more digital tools, whether that’s remote working, engaging customers online or moving to cashless payments.”

“As the trend towards cashless payments continue to skyrocket, our EE small business customers can now not only benefit from the best connectivity with the UK’s no.1 network, but also have access to Square’s leading digital payment tools to help improve cash flow; arguably more critical today than ever before.”

Benefits of Square for EE business customers

As small businesses look for an accessible way to accept card payments anywhere, EE is helping with a simple way to get started. With this offer EE small business customers can:

Sign up to Square in a few minutes and accept payments the same day.

Create a professional, free online store with Square Online.
Take orders over the phone and send invoices to get paid fast.
Pay only when you process payments (1.75% for all in-person transactions including Visa, Mastercard and American Express, 2.5% for keyed in and online transactions).

No hidden fees, no long-term commitments.

Get paid next business day as standard to optimise cash flow.
“During these challenging times SMEs need accessible and affordable tools,” said Pankaj Bengani, Global Partnerships Lead at Square. “Partnering with EE means we can help more SMEs accept card payments with ease and simplicity. It’s essential businesses are equipped to sell wherever their customers are, and with Square, EE customers will be able to do this in-person and online.”

The offer forms part of BT’s recently launched Small Business Support Scheme. This scheme sees the company support the UK’s 5.8m small businesses through the Covid-19 pandemic and beyond, via a range of new measures aimed at helping small businesses to boost their connectivity, cash flow and confidence.