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Companies

Square sellers no longer need signatures for card payments

“The process uses a new “dip transaction flow” that prioritizes the parts of a transaction that are critical to security, which means less time standing in line, waiting for your card info to churn through to the issuer. More pertinently, though, Square sellers in the US and Canada can now skip collecting signatures on all […]
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Companies

Square Expands Cash App Bitcoin Service to All 50 US States

“Mobile payments firm Square now lets customers buy and sell bitcoins via its Cash App in all 50 U.S. states. The company – which was co-founded by Twitter chief executive Jack Dorsey – announced the service expansion through a Tweet on Monday, months after the firm initially rolled out the bitcoin service to investors in the country.”
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Companies

Square CFO: ‘We think we can go to the biggest businesses in the world’

“Square Inc., the company once known for its small payment dongles, revealed big objectives at Recode’s Code Commerce event in New York on Tuesday. “We think we can go to the biggest businesses in the world,” Chief Financial Officer Sarah Friar said at the event. She explained that the company “doesn’t see a cap anymore” when […]
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Companies

Square earnings beat on top and bottom line but miss on guidance

“Adjusted revenue grew 68 percent year over year. The company reported its first quarterly profit of $20 million, compared with a net loss of $16 million in the third quarter of last year. Square’s chief financial officer, Sarah Friar, said a “big driver” of the profitability was the investment in EventBrite, which went public in […]
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Companies

Square launches Terminal, an all-in-one device for card and mobile payments

“Square’s goal with Terminal is to get businesses to replace their legacy payment terminals with Square Payments point-of-sale software. Business owners can charge customers by manually inputting a payment amount, or by selecting from the inventory displayed on the screen. Sellers can add items and track sales through Square software, which they can set up […]
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Companies

Square falls 9% on concerns of ‘overlooked credit risk’

“”The market appears to be overlooking any risks to the company’s business model, and credit risk in particular,” Palmer said in a note to clients Monday. “Our bearish thesis on Square (SQ) is predicated in part on our view that the company’s increasing dependence on the extension of credit to its customers to spur its […]
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Companies

Square expands its bank-like offerings, letting sellers charge customers in installments

“The San Francisco-based tech company announced Thursday it will let businesses using Square’s payment network give customers the option to break big payments into smaller, fixed monthly ones. “It’s a seamless and transparent way to offer installment payments to customers who might otherwise walk away, or might not be able to buy something in that particular […]
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Companies

Square Sees Profits From Bitcoin Sales Double In Q2

“Mobile payments firm Square said it made $37 million in revenue from bitcoin sales in the second quarter of 2018. The company released an unaudited quarterly financial report on Wednesday, which indicated it made an overall net revenue of $814 million, 6 percent of which came from the cryptocurrency buying service added to its Cash App late […]

On The Wires

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Companies

Square Announces Solutions Partner Program

“Square, Inc. (NYSE: SQ) today announced the Square Solutions Partner Program to better connect sellers of all sizes with best in class partners that can build solutions specific to a business’s needs. Square small business owners who are just getting started, as well as large scale sellers with complex needs, will be able to easily […]