Jack Dorsey’s Square payments company has teamed up with Apple to sell the new Square Stand point-of-sale system through Apple’s large chain of retail stores, according to multiple sources. The Square Stand is an iPad accessory that works with the Square Register app to turn in the iPad into a tool that can run a business. The Square Stand’s main feature is its ability to connect to several devices like cash registers, barcode scanners, and printers. Additionally, the device includes a built-in credit card reader…

The Square Stand was officially announced in mid-May, and it will begin shipping from Square’s official website on July 8th. Several Apple Stores have begun receiving the Square Stands today, and the official start sales date is said to be Tuesday, July 9th. However, we are told that some stores have already been cleared to sell units to customers by request. The price of the product is $299.

The accessory does not support Apple’s latest iPad models: Only the iPad 2 and third-generation iPad with 30-pin dock connectors work natively with this product.

Apple and Square teamed up in 2011 to sell the Square Reader in stores and on Apple’s Online store. Though we do not have any confirmation of this, it is probable that the Square Stand will eventually also become available from the Apple Online Store.

Update- July 9: Square announces the partnership.

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