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07-31-2011, 11:07 PM #1
Square Now Processing $4 million a Day in Mobile Payments
It was only the end of May when Square, the mobile payment startup that could, announced it was processing a staggering $3 million a day in payments. The company is now processing $4 million a day and on track to surpass the $100 million mark in total transactions during the month of July.
Square, started by Twitter founder Jack Dorsey, was recently valued at nearly $1 billion after a round of very lucrative ($100 million) funding. It helps that the company's card readers are now sold in every Apple store (with a $10 credit) and still available for free online. It has helped to the tune of 500,000 card readers being shipped so far and with more than a million transactions processed per month. Which only equates to like 2 transactions per person, but a lot of people probably just signed up online cause it was free.
Anyway, it appears Square is here to stay. Or here to move around and take your money.
Last edited by Phillip Swanson; 07-31-2011 at 11:09 PM.
08-01-2011, 12:22 AM #2
I have used my square just a few times and love it makes it easy
08-01-2011, 01:03 AM #3
2.75% flat-rate per-swipe is still a bit steep, especially for larger payments or a large-volume operation. Until that hurdle gets passed, I can't see this as really ubiquitous.
I still love the concept, just want to see it really take off... all in due time I hope.
08-01-2011, 01:07 AM #4
See i am taking any where between 30-75 dollars payments on average so losing a 1.50 not to big of a deal
08-01-2011, 02:02 AM #5
08-01-2011, 02:56 AM #6
08-01-2011, 04:32 AM #7
They need to bring this to the U.K. ....What's with the long thing !!!
08-01-2011, 08:22 AM #8
08-01-2011, 09:24 AM #9
08-01-2011, 09:49 AM #10
i know i have been waiting on this to come to UK FOREVER!! i have been emailing them every now and then but no luck!! they don't have any plans as of yet, i was hoping that now Apple had decided to start selling them instore, that Apple would push it to the UK
08-01-2011, 10:21 AM #11
We haven't used the one we have yet however I guess my husband is going to use my iPhone 3G so he can start using it. But going to give it a try using my iPhone.
08-01-2011, 10:23 AM #12
I've been using Square for a while now.. love it
08-08-2011, 12:01 AM #13
2.75% is less than I pay for accepting Paypal payments on my website. It may not be ideal but it sure makes accepting payments a lot easier- and it makes impulse buys much easier for my customers which easily makes up for square's cut of my profits!
08-08-2011, 12:45 AM #14
08-08-2011, 01:34 AM #15
Better than PayPal 3% shaving percentage my help but better advertising I think would go a lot further
08-08-2011, 02:08 AM #16
muaah nice service love itMy Twitter : @cosmi3_