Payments News

On The Web

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Companies

Square Payroll Brings Faster, More Flexible Money Movement With Launch of On-Demand Pay and Instant Payments

“Today, Square announced the launch of two new features that enable Square Payroll customers and their employees to more easily and effectively manage their cash flow: On-Demand Pay for employees, and Instant Payments for employers. The new offerings, which leverage Square’s Seller and Cash App ecosystems, represent a major milestone in providing employees and employers […]
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Companies

Square, Jack Dorsey’s Pay Service, Is Withholding Money Merchants Say They Need

“Thousands of small enterprises that use Square to process their credit card transactions — including plumbers, legal consultants and construction firms — have complained that the company recently began holding back 20 to 30 percent of the money they collected from customers. The withholdings came with little warning, they said, and Square asserted the right […]
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Companies

Square Unveils Bitcoin Auto Payments Tool

“Dorsey said on Twitter – that other company he runs – that Cash App had, from Monday, enabled automatic purchases of bitcoin at regular intervals, such as daily, weekly or fortnightly. Although there’s a minimum $10 purchase, the new feature provides users with the ability to gradually gain exposure to the original cryptocurrency without exposing […]
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Companies

PayPal, Intuit & Square approved to offer loans to small businesses through coronavirus relief program

“Fintech companies have been lobbying for weeks to be able to participate in the U.S. government’s emergency lending program for small businesses. Now those efforts have paid off, as PayPal, Intuit and Square have all been approved to participate in the U.S. Small Business Administration’s (SBA) Paycheck Protection Program , which provides aid in the form […]

On The Wires

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Companies

Square Report Reveals How Much the Pandemic Has Accelerated the Digital Economy

“Today, Square, Inc. (SQ) released a new report that highlights how the onset of COVID-19 has affected global commerce and payments behavior. This is the third installment of Square’s Making Change series, which examines whether or not we’re headed towards a cashless society. In February 2020, just 5.4% of Square sellers across the US were […]
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Companies

Square Announces On-Demand Delivery for Square Online Store Sellers

“Today Square announced the availability of On-Demand Delivery for Square Online Store. In this challenging new business environment, it’s more important than ever that sellers have access to the tools they need to sell online quickly, efficiently, and affordably. Now, with On-Demand Delivery , Square Online Store sellers can dispatch a courier through delivery partners […]
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Companies

Welcoming the Verse Team to Cash App

“We’ve acquired Verse , a Spanish P2P payments app that allows customers to send and receive payments from friends and family instantly, safely, and free of charge. We were drawn to Verse’s strong team, and they share a similar approach to us around inventing and learning to better serve customers. Verse will join the Cash […]
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Companies

How to Get Paid With Square Online Checkout

“That’s why we’re introducing Square Online Checkout, an online checkout link or button that allows you to accept payments without having to build an online store. Square Online Checkout quickly generates a checkout link or button for any of your goods, services, memberships, and more. Whether it’s your first product or your newest offering, you […]