Square (financial services)

This article is about the financial services platform. For its owner that was formerly known as Square, Inc., see Block, Inc.
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
  • Japan
  • Republic of Ireland
  • 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; 15 years ago (2009)
Current statusActive

Square is a point-of-sale system for businesses with physical or online stores.[1][2] Launched in 2009 by Block, Inc.,[3] it enables sellers to accept card payments and manage various business operations. As of 2023, Square leads the U.S. point-of-sale systems market,[4][5][6] serving 4 million sellers and processing $210bn annually.[7][8]

Square is cloud-based and offers both physical devices, which read payment card information, and software.[9][1] It offers financial services and includes features designed to support business operations.[10][11] Square provides e-Commerce and inventory capabilities,[12][2] customer appointments,[13] payroll processing, shift scheduling, and access to banking and business loans.[14][15] As of 2024, Square is available in the U.S., Australia, Canada, France, Japan, Republic of Ireland, Spain and the U.K.[16]

  1. ^ a b Ponce, Gina; Campbell, Sierra (2024-10-04). "Toast vs. Square: Differences, Pros and Cons in 2024". USA TODAY. Retrieved 2024-10-22.
  2. ^ a b Uher, Amanda; Ballard, Danielle; Cother, Jason (2024-10-03). "Square vs. Shopify: Which is best in 2024?". CNN. Retrieved 2024-10-22.
  3. ^ Buskirk, Eliot Van (2009-12-01). "Twitter Creator Launches 'Square' -- Like Smartphone Paypal for Credit Cards". Wired. ISSN 1059-1028. Retrieved 2024-09-21.
  4. ^ Morrison, Sara (October 7, 2022). "Everyone wants a tip now. Do you have to give them one?". Vox. Retrieved October 30, 2023.
  5. ^ Rivera, David (2024-04-02). "21 Point-of-Sale Statistics to Know in 2024". Fit Small Business. Retrieved 2024-09-16.
  6. ^ Elliott, Jessica (2024-05-27). "What Is a Point-of-Sale (POS) System?". www.uschamber.com. Retrieved 2024-09-21.
  7. ^ Mullen, Caitlin (2023-04-18). "Square rolls out new features for merchants". Retail Dive. Retrieved 2024-02-07.
  8. ^ Block, Inc. (2024-02-22). "Form 10-K for the fiscal year ended December 31, 2023". www.sec.gov. Retrieved 2024-02-23.
  9. ^ Kharpal, Arjun (2017-03-28). "Square launches in UK, CEO Jack Dorsey says on the lookout for AI firms to acquire". CNBC. Retrieved 2024-10-22.
  10. ^ Morgenson, Gretchen (2024-05-01). "Prosecutors are examining financial transactions at Block, owner of Cash App and Square". NBC News. Retrieved 2024-10-19.
  11. ^ O’Shea, Dan (2017-02-08). "Square rolls out retailer-focused POS platform, toolbox". Retail Dive. Retrieved 2024-10-19.
  12. ^ McAlpine, Cat; Campbell, Sierra (2024-10-04). "Square vs. Squarespace: Differences, Pros and Cons in 2024". USA TODAY. Retrieved 2024-10-22.
  13. ^ Clague, Casey; Ballard, Danielle (2024-07-30). "Square pricing in 2024". CNN. Retrieved 2024-10-22.
  14. ^ Orland, Kevin (2022-04-28). "Dorsey's Block Takes Swipe at Canada Banks With Loans Service". Bloomberg. Retrieved 2024-10-15.
  15. ^ Irrera, Anna (2021-07-21). "Square launches small business banking". Reuters. Retrieved 2024-10-16.
  16. ^ Davies, Rhiân; McHugh, Kevin; Coates, Kristen (2024-04-29). "Stripe vs. Square: Which is best in 2024?". CNN. Retrieved 2024-11-09.