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Square (financial services)

Square
Square reader and POS register
Type of site
Financial services platform
Available inEnglish, Spanish, French, Japanese
Country of originU.S.
Area served
List of countries
  • U.S.
  • Australia
  • Canada
  • France
  • Ireland
  • Japan
  • New Zealand
  • Spain
  • U.K.
Created byJack Dorsey, Jim McKelvey
Industry
Products
List of products
  • Square Point of Sale
  • Square for Restaurants
  • Square for Retail
  • Square Online
  • Square for Beauty Salons
  • Square Payments
  • Square Invoices
  • Square Appointments
  • Square CRM
  • Square Subscriptions
  • Square Shifts
  • Square Loans
Services
List of services
  • Card payment processing
  • E-commerce management
  • Customer bookings
  • Inventory management
  • Payroll processing
  • Shift scheduling
  • Small business banking
  • Small business financing
RevenueIncrease $7.03 billion (2023)
ParentBlock, Inc.
URLsquareup.com
Users4 million sellers
Launched2009 (2009)
Current statusActive

Square is a point-of-sale system designed for small and medium-sized businesses.[1] Launched in 2009 by Block, Inc.,[2] it allows sellers to accept card payments and manage various business operations. As of 2023, Square leads the U.S. point-of-sale systems market,[3][4][5] serving 4 million clients and processing $210bn annually.[6][7]

Square offers both physical devices, which read payment card information, and cloud-based software.[8] It operates as a financial services platform with features designed to support business operations.[9][10] These features include e-Commerce management,[11] customer bookings,[12] inventory management,[13] payroll processing, shift scheduling,[14] banking and access to business loans.[15][16] As of 2023, Square is available in the U.S., Australia, Canada, France, Ireland, Japan, New Zealand, Spain and the U.K.[17]

  1. ^ Shweta, Shweta (2024-04-23). "Square Review 2024: Features, Pros & Cons – Forbes Advisor". www.forbes.com. Retrieved 2024-09-16.
  2. ^ Buskirk, Eliot Van (2009-12-01). "Twitter Creator Launches 'Square' -- Like Smartphone Paypal for Credit Cards". Wired. ISSN 1059-1028. Retrieved 2024-09-21.
  3. ^ Morrison, Sara (October 7, 2022). "Everyone wants a tip now. Do you have to give them one?". Vox. Retrieved October 30, 2023.
  4. ^ Rivera, David (2024-04-02). "21 Point-of-Sale Statistics to Know in 2024". Fit Small Business. Retrieved 2024-09-16.
  5. ^ Elliott, Jessica (2024-05-27). "What Is a Point-of-Sale (POS) System?". www.uschamber.com. Retrieved 2024-09-21.
  6. ^ Mullen, Caitlin (2023-04-18). "Square rolls out new features for merchants". Retail Dive. Retrieved 2024-02-07.
  7. ^ Block, Inc. (2024-02-22). "Form 10-K for the fiscal year ended December 31, 2023". www.sec.gov. Retrieved 2024-02-23.
  8. ^ Fabregas, Krista (2024-02-13). "How To Use Square to Process Credit Cards – Forbes Advisor". Forbes. Retrieved 2024-10-16.
  9. ^ Morgenson, Gretchen (2024-05-01). "Prosecutors are examining financial transactions at Block, owner of Cash App and Square". NBC News. Retrieved 2024-10-19.
  10. ^ O’Shea, Dan (2017-02-08). "Square rolls out retailer-focused POS platform, toolbox". Retail Dive. Retrieved 2024-10-19.
  11. ^ "Square Online Store Review 2024: Features, Pros & Cons – Forbes Advisor". www.forbes.com. Retrieved 2024-02-05.
  12. ^ Sherman, Matt (2023-12-01). "Square Appointments Review 2024". Merchant Maverick. Retrieved 2024-02-05.
  13. ^ Stevens, Courtenay (2022-12-14). "Everything You Need to Know about Square Inventory Management". Business.org. Retrieved 2024-02-05.
  14. ^ O'Reilly, Dennis (2023-05-25). "Square Payroll Software Review and Prices". U.S. News & World Report. Retrieved 2023-02-05.
  15. ^ Orland, Kevin (2022-04-28). "Dorsey's Block Takes Swipe at Canada Banks With Loans Service". Bloomberg. Retrieved 2024-10-15.
  16. ^ Irrera, Anna (2021-07-21). "Square launches small business banking". Reuters. Retrieved 2024-10-16.
  17. ^ Mullen, Caitlin (2023-09-28). "Jack Dorsey faces full Square agenda". Payments Dive. Retrieved 2024-02-05.

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