Canada's Shopify launches new wireless card reader

(Reuters) - Canadian e-commerce software maker Shopify Inc (NYSE: SHOP) said on Thursday it had launched a new wireless card reader in the United States.

The rates charged will be about 2.4 percent per swipe, and the device will compete with the likes of Jack Dorsey-led Square Inc's (NYSE: SQ) card reader, which costs merchants at least 2.75 percent per swipe.

Shopify said the card reader will work with iOS and Android operating systems and support Visa (NYSE: V), MasterCard (NYSE: MA) and American Express (NYSE: AXP) cards, among others.

New customers, and existing merchants not yet using the company's point-of-sale systems can get the reader for free.

Merchants who own a Shopify point-of-sale system will have to pay $29 for the reader, the company said. Square, which also makes wireless card readers, sells it for $49.

Shopify's card reader will be available online on the company's website.

(Reporting by Ahmed Farhatha in Bengaluru; Editing by Shounak Dasgupta)

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