Square builds new loyalty features into its Register and Pay-with-Square apps. Mobile payments startup Square has added new loyalty features to its Square Register and Pay-with-Square apps to get more people to keep coming back to Square merchants, the company announced this morning.
Last week, Square announced that it now has 2 million merchants accepting payments through its service. On top of this core payments business, the company is working on other ways to change how consumers and businesses deal with transactions. FinVentures ++ Square Drops $0.15 Fee for Credit Card Purchases. From now on, white-hot mobile payments startup Square won't be asking merchants to pay $0.15 each time a credit card is swiped.
Instead, merchants will be asked to pay a fee of 2.75%. "What's the big deal? " you might ask yourself. "They're still charging a fee per transaction. " Even though a fee does remain — and how else would a credit card processing startup make money? For example, if I used a regular credit card processing company to run my taco truck business and paid $0.15 per swipe, and I had 2,000 transactions at $5.00 each, that's $300 in fees. Also, the change allows merchants to accept smaller credit card transactions without fearing exorbitant processing fees. The new fee is more convenient for both shoppers and merchants, and it makes credit card processing fees much more transparent. In a new section on the startup's website, we read, "Square lets you accept credit cards quickly and easily, using what you already have in your pocket: your phone.
Apple selling Square mobile payments reader. Apple (NASDAQ:AAPL) is now selling mobile payments startup Square's credit card reader unit via the online Apple Store, casting further doubt on the computing giant's plans to integrate Near Field Communications-based payment technologies into future iterations of its iPhone.
The brainchild of Twitter co-founder Jack Dorsey, Square enables users to accept credit and debit card purchases anywhere and anytime via iPhone, iPad or Android smartphone. Sellers input the transaction total, swipe the consumer's card through a small dongle that plugs into the device's audio input jack, and Square handles the remainder of the transaction, claiming a flat 2.75 percent fee. Square first launched in late 2009, and currently processes more than $1 million in transactions each day--in addition, more than 100,000 merchants nationwide sign up with Square each month.
Square’s Disruptive Payment Service About To Get A Huge Retail Boost From Apple. Mobile payments company Square has landed a big coup—sales placement on Apple’s online store.
And we’ve just confirmed with Square that the startup has a deal for in-store sales as well. Apple will start selling Square devices in all of its U.S. retail stores starting this week. Signatures for trx < $25 no longer needed. Disruptive mobile payments company Square has pushed a number of new updates to its iPhone and iPad apps today and rolled out a redesigned and updated website.
First, the apps are speedier and transaction speed has improved, says the company. The company actually eliminated a number of screens for the transaction process and payments can be completed in as little as four seconds. Additionally, Square will will no longer require signatures for transactions less than $25. iOS upgrade - Trx < USD 25. Visa expands 'no signature' credit card transactions program. Sqaure Register & Square Card Case presented.
Mobile payments startup Square is announcing big numbers today—500,000 Square card readers shipped, 1 million Square transactions in May, and the startup is now processing $3 million in mobile payments per day.
Clearly the company is on a roll in terms of traction and usage. And CEO Jack Dorsey is also revealing the next generation of Square. Card Case app. Google, Square, Intuit—who will win the mobile payments race?
Answer: The one who makes people do as little as humanly possible. Google made a big leap in the space with the unveiling of Google Wallet, which relies on near field communications to let users pay for an item by simply tapping their phone to a receiver, but for now, it’s only available on Android. Today, iOS devices may have just gotten their own super-simple payment option: the Square Card Case app. The free app allows users to pay a participating merchant with their phone in a process that Square refers to as paying “with your name.” The user simply walks into a café or store that accepts Square payments, taps on the merchant’s “card” in the Card Case app (which is designed to look like a virtual wallet, so each merchant comes with its own special “card”), and adds the charge to his/her tab.
You can download the new Card Case App from iTunes. Square Takes The "Cash" Out Of "Cash Register" With New Service Plan. Square, the famous card-reader start-up helmed by Twitter co-founder Jack Dorsey, has announced new products and plans at today’s TechCrunch Distrupt kick-off.
Instead of relying on its sugar cube-sized reader for mere personal transactions, the company is setting its sights a bit higher and moving aggressively into the small business sector. Keith Rabois, Square’s COO, says that its iPad offering is being replaced with the Square Register app. It improves on the simplistic, receipt-storing original in many important ways, as TechCrunch’s Leena Rao explains: Card Case / How Square Is Accidentally Disrupting The Entire Payments Industry. The new payment system that Square launched today is going to have a profound effect on how people pay for stuff in the real world—perhaps as profound as the iTunes store has had on the distribution and sale of digital media.
And in the process, it will likely upend the entire payments industry. The interesting thing, though, is that it turns out founder Jack Dorsey never really planned this. His initial goals were much more modest: help people who were cut out of the mainstream payments business accept credit cards. To that end, Square’s story holds some important lessons about how entrepreneurs trying to solve a simple problem can sometimes find themselves stumbling onto a huge opportunity. Square Unveils Digital Register, Square Card Case. Square CEO Jack Dorsey unveiled two new products that aim to radically change how small businesses accept payments from their customers, as well as how buyers track their spending.
Square, a mobile payment system that enables users to pay for products by swiping their credit card on their phones, announced two new products at the TechCrunch Disrupt conference: the Square Register, and the Square Card Case. The digital Square Register is an iPad app that emulates the function of a cash register, while also providing sellers with data on transactions, such as how many people purchased lattes in a given day.
Dorsey likened the information to "Google Analytics-style data. " Dorsey said of the device, "This obsoletes credit card terminals and cash registers. " Square has also introduced the Square Card Case, which the company said in a statement enables users to "explore local businesses; view menus; track and store digital receipts; and open digital tabs to make instant, effortless purchases. "