Stripe, a financial infrastructure platform for businesses, announced the Stripe Reader S700. Which will assist businesses in bringing their online and in-person payment experiences closer together than ever before.
The new Android-powered smart reader is “part of Stripe Terminal, a set of developer interfaces. Moreover pre-certified card readers, and logistics management tools.”
Stripe Reader is “the latest demonstration of Stripe’s commitment to in-person payments. Following the launch of Stripe Reader M2 in 2021, Stripe’s 2022 acquisition of BBPOS for manufacturing, and Stripe’s 2022 launch of Tap to Pay on iPhone and Tap to Pay on Android in 2023.”
Stripe Reader S700 is characterized as “a powerful handheld or countertop device with premium features. Which are like a high-definition screen and long battery life” capable of supporting a variety of use cases: It can be used by restaurants to accept tableside orders, payments, and tips. However, In movies, theatres sell tickets at the box office or to patrons waiting in line at the door. Concert promoters can sell items wherever the show is held. Whether it’s a surprise rooftop performance or a multiday desert festival. And fitness studios can use it to give waivers, receive money for single classes, and sign consumers up for memberships.
According to Kate Brennan, head of product for Terminal at Stripe
“Stripe Terminal users are constantly creating new commerce experiences. They need a flexible, all-in-one device that can keep up, and which works with their existing integration. With Stripe Reader S700, we are providing a dynamic, customizable point-of-sale device. It is ideal for businesses that want to create unique in-person checkout flows that travel easily from the counter to the curb.”
The Stripe Reader S700 goes above and beyond typical payment hardware by “providing on-reader customizations for different business needs.”
Companies can customise their splash screen and run custom apps “for taking orders, offering loyalty programmes, collecting customer information, and more.”
Stripe Reader S700 operates “on the same integration as all other Terminal devices, meaning businesses can start using it right away.”