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Square is a financial services platform by Block, Inc. for small and medium-sized businesses. [1] [2] It enables accepting credit card payments using smartphones as POS registers, and facilitates various business operations. As of 2023, Square reports 4 million merchant clients and an annual payment value of US$ 210 billion.
The name "Square" derives from the company's square-shaped card reader product. 2010–2014 early years. Block Inc. was initially named Square Inc. and tested its payment method on 50,000 merchants in the summer of 2010. The company was reporting a chargeback rate of less than 0.05 percent.
PAX Technology S90 credit card terminal with a Visa card inserted.. A payment terminal, also known as a point of sale (POS) terminal, credit card machine, card reader, PIN pad, EFTPOS terminal (or by the older term as PDQ terminal which stands for "Process Data Quickly"), is a device which interfaces with payment cards to make electronic funds transfers.
As Square spreads its wings to Japan, starts a new cash-by-email service and retools its mobile apps, the humble credit card reader that started it all hasn't received much attention of late. That ...
Square (SQ) is acquiring Australian buy now, pay later (BNPL) company Afterpay for a $29 billion in stock, signaling that the digital payments company is entering the installment payment market.
By Gerry Shih and Lisa Baertlein SAN FRANCISCO -- Starbucks (SBUX) plans to switch its processing of debit and credit card payments to mobile payments start-up Square, the two companies said ...
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