1 Hour in Square’s World | Wired.com

cea salt

Take a look at this infographic published in Wired last week that shows an hour of transactions that were performed through Square. Square is a rapidly-growing payments platform that makes it possible for anyone to accept credit cards, using their main feature, the free (yes, free) little white square credit-card-swiper that you might have seen at small businesses or places where people exchange money that has traditionally been more cash-focused because of temporary or mobile conditions (such as flea or farmer’s markets). Anyone can sign up and get a reader, and the app is free on phones and iPads, so if you lend out a lot of money to your friends and they never have cash to pay you back, here’s an option for you. The reader is free but every transaction gives a 2.75% cut to Square.

Square is also trying to push a mobile payments platform that…

View original post 337 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s