You are correct, you will need a Square Stand to plug the base dock of the reader into. The iPad 2 will not connect wirelessly with the contactless and chip card reader.
If you do not have a Square Stand and you’re still interested in accepting chip cards with Square, check out the Square chip card reader on our online shop. The reader is $29, plugs directly into your device via the headset jack, and accepts both chip and magstripe cards.
