It’s no secret that disruptive mobile payments startup Square is growing fast. And today, CEO Jack Dorsey revealed a few more milestones for the company—500,000 Square card readers shipped, 1 million Square transactions in May, and as we reported over the weekend the startup is now processing $3 million in mobile payments per day.
Fresh off $27.5 million in new funding, and a strategic investment from credit card company Visa, Square is pushing the envelope when its comes to mobile and now local payments.
And with the massive growth in merchants adopting Square, is now in track to process $1 billion in payment volume within a year.
Square is making commerce easy for everyone. Starting with a free credit card reader for the iPhone, iPad, and Android devices, Square Reader allows anyone to accept credit cards anywhere, anytime, for a low transaction rate of 2.75 percent per swipe, with no hidden fees. Square Register serves as a full point-of-sale system for businesses to accept payments, manage items, and share menu and location information. Square Wallet, available in the US, is the most seamless way to pay,...
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