More than two million Square users can now accept credit cards
Date: Tue, 07/17/2012 - 14:03
Over two million individuals and businesses in United States are now able to accept credit cards with Square. Focused on helping entrepreneurs start, manage, and grow businesses, Square provides the easiest way for anyone, anywhere to take and make credit and debit card payments.
In its first year of availability, one million individuals adopted Square as their solution for taking card payments. Now in just six months, Square has doubled to two million users and processes over $6 billion in payments on an annualized basis.
“Square's incredibly simple and convenient solution meets the needs of every type of business,” said Square COO Keith Rabois. “With more than 80 percent of americans using credit cards, making payments with Square is becoming part of everyday life.”
Square’s Card Reader plugs into the headphone jack of an iPhone, iPad, or Android device and allows for safe and secure credit card payments through the free, downloadable Square Card Reader and Square Register apps. Square provides one simple, low, and transparent rate of 2.75% per swipe, with no hidden fees. Square merchants have access to their funds the next business day, eliminating the wait for cash flow.