Of all the payments processed using Square nearly 50% take place on an iPad, and the average payment volume processed by iPad users doubles that of smartphone Square users. With that in mind, Square has just unveiled some new hardware for the iPad-using crowd.

It’s called the Square Stand, and it turns your iPad into a true point of sale system.

“Local business owners take as a given that they need an ugly, slow, expensive, and complicated point of sale system cluttering their counter,” said Jack Dorsey, co-founder and CEO of Square. “Square Stand is elegant, fast, affordable, and easy to use. Whether you’re selling cupcakes, cardigans, or cappuccinos, running your business with Square has never been easier.”

Square Stand lets you attach your iPad 2 or 3 (versions with lighting connectors coming soon) to a adjustable stand, complete with an attached card reader. This, of course, replaces the old method of attached the smaller Square Reader to your iPad. The Stand can be secured to your countertop, and when it is all said and done it becomes a more secure, permanent, and faster POS system for your business – at least according to Square. But there’s no arguing that this new piece of hardware would make processing a high volume of transactions much less of a headache.

Ready to use in minutes, Square Stand works with Square Register, the free point of sale application, and gives merchants access to real-time analytics, robust reporting, and a delightful experience for their customers. Square Stand features an integrated card reader that keeps information secure from swipe to payment, and easily connects to the hardware accessories businesses need, including a receipt printer, kitchen printer, cash drawer, and barcode scanner.

Square Stand will run you $299. You can pre-order it starting today, and it will be available to purchase in Best Buys on July 8th.

Last month, Square launched a big update to Square Register to make it much more useful to restaurants.