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Companies

Square Integrates With POS Software Goodtill

“Co-founder and director of Goodtill, Oliver Rowbory said, “Goodtill software is helpful and easy for merchants and by partnering with Square we are now able to serve more merchants without compromising on their experience. Integrating our point-of-sale with Square payment tools means a broader set of small and large merchants can utilise the tools they […]
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Companies

Expanding Square’s Platform Beyond Payments

“Over the past couple of years, we’ve released APIs and SDKs that focus on enabling developers to take payments in person , online , and in mobile apps . We’re now expanding our platform and shifting the focus from payments to orders. Orders are now a central component of our platform as they connect payments […]
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Companies

Square Sells Food Delivery App to DoorDash as It Chases Profit

“Square Inc. is selling its Caviar food-delivery app to DoorDash Inc. for $410 million, as the money-losing payments company searches for profits.    The sale was disclosed as part of Square’s quarterly financial report Thursday, which failed to impress investors. The stock fell as much as 9% in extended trading.   For Square, the sale […]
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Companies

Square Eyes Product Photos As Its Latest Service To Attract And Keep Merchants

“Square Inc. is getting into the photography business as yet another way to add auxiliary services beyond payments designed to attract and retain merchants. The new service, dubbed Square Photo Studio, enables merchants, or sellers in Square’s lingo, to ship products to a Square studio in Brooklyn, N.Y., where they are photographed by a robotic […]
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Companies

Square Competition Concern Intensifies as Key Customer Bails

“Faucette, who has an equalweight rating on Square, said recent commentary indicates Joe & the Juice moved to competitor Adyen to gain a single global processor across all of its international markets. That suggests Square is still in the early days of developing its brand power in global markets and is less likely to offer […]
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Companies

Jack Dorsey: Mass Crypto Adoption Will Transform Square’s Business

“Rather than focusing on money transmission or payments, as at present, the firm will likely begin to develop services “like hardware, analytics and payroll and lending,” Dorsey said. Square integrated bitcoin in 2018, when its Cash App began selling the cryptocurrency to users. This service generated over $190 million in revenue over the first two […]
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Companies

Square’s Pricing Shift Raises Costs for Smaller Transactions

“Rather than assess a 2.75% fee on in-store transactions, Square will now charge 2.6% plus a 10-cent fee, the company said Tuesday in a blog post announcing the change. The change means the fee on a $10 transaction rises to 36 cents from 27.5 cents. Costs for transactions starting at roughly $67 will go down.”
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Companies

Square’s Cleanup Still Leaves Questions

“Fast transaction growth isn’t everything to Square, which is generating increasing revenue from lending, subscription services and its consumer Cash App. But like many payments businesses, the company’s take rate, or how much of each transaction it takes as revenue, is gently declining, due in part to doing business with larger merchants that drive tougher […]