Stripe launches T600 hardware reader at $329, joining M2, S710, S700 lineup
Stripe added a new Terminal hardware card reader, the T600, priced at $329.00, joining the existing lineup: M2 ($59), S710 ($299), and S700 ($299).
Stripe’s pricing page · Change Detected
WHY IT MATTERS
Hardware tiers let payment platforms extract more revenue per merchant location and deepen device-ecosystem lock-in. Watch whether Stripe deprecates an existing reader or begins bundling T600 into higher Terminal plan tiers.
BY THE NUMBERS
- Stripe added a new Terminal hardware card reader, the T600, priced at $329.00, joining the existing lineup: M2 ($59), S710 ($299), and S700 ($299)
THEIR RATIONALE
Stripe frames this as expanding hardware options within Terminal, giving merchants a higher-end reader choice alongside existing lower-cost readers rather than replacing any current model.
THE SIGNAL
The $329 price sits well above both S-series readers ($299) and far above the M2 ($59), suggesting Stripe is opening a new premium tier rather than refreshing an existing SKU. Payments platforms broadening hardware tiers is a way to capture more of the in-person value chain as software-side differentiation compresses.