Square is also an “ operating system for small business” that offers a suite of software solutions to help businesses make the most of their time and money - and grow and thrive.Īs one entrepreneur told Venturebeat, Square not only made it possible for him to process credit cards, they also gave him the power to seamlessly run his entire bakery business with their back-office software. The answer to “What is Square?” goes beyond the fact that Square is a payment processor, though. Square Reader for magstripe (magnetic stripe).
Here, we’ll dive into exactly how Square works, their full suite of service offerings, how to get started, and how the popular payment processor can help your business grow. From customer engagement to inventory management, merchants are using Square for business services that go beyond processing payments. Needless to say, those familiar point-of-sale gadgets and easy, low-cost transactions are only part of the story. Plus, Square is famous for their affordable transaction fees, meaning you end up with more money. Those efficiencies can help companies grow fast - and so can easy access to business loans through Square Capital. Even better, Square helps businesses digitize all of their financial operations, eliminating the need to fuss with paper invoices or process checks and cash. This means that as a business owner, you’ll never miss a sale from a card-only buyer, no matter where or what you’re selling. In short, using Square for business transformed everything, allowing anyone with a mobile device to become a roving checkout register. This removed the barrier to entry for accepting credit card payments so dramatically that it essentially democratized card payments and turned the whole industry on its head. Together, they came up with Square, a mobile credit card payment method that allows vendors to accept payments anywhere with a smartphone, skipped the merchant account process, and offered lower processing fees. Fortunately, he was a friend of Jack Dorsey, the founder of Twitter, who knew a few things about thinking big. In 2009, an artisan glassblower named Jim McKelvey lost a big sale because his buyer could only pay with a credit card.
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