Dip the chip — or else
Square is warning its users about the liability shift taking place Oct. 1
After that, you — the seller — are liable for any fraud that occurs on a chip-enabled credit- or debit card if you swipe the magnetic strip instead of scanning the microchip embedded in the card.
That means that free Square reader is on its way out, and you’re going to have to use a new reader — one that enables you to either swipe the stripe or dip the chip.
Here’s the information that you need to move forward.
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on August 18, 2015
Posted In: Business