SOURCE: Square

Square

October 23, 2013 06:00 ET

Local Commerce Grows With Square

Square Businesses Processes Over $100M in Canada in First Year

SAN FRANCISCO, CA--(Marketwired - Oct 23, 2013) - On October 24, 2012, Square, the company making commerce easy for everyone, launched in Canada. One year later the company has empowered tens of thousands of Canadian small businesses to accept credit card payments on their mobile device. Collectively Square businesses have processed over $100M in sales in Canada. 

Local businesses are the backbone of communities across Canada with more than 1 million small businesses in Canada and 2.7 million Canadians who are self employed. Canadians carry an average of two credit cards per household. Square enables anyone to accept credit cards ensuring local businesses needn't ever miss a sale.

Before using Square, Steve-O-Reno's Cappuccino in Halifax was a cash-only business that had to turn customers away for not having cash. "We were attracted to the simplicity and affordability of Square," said Steve Armbruster. "Since using Square, we've seen an increase in business. We see more new faces, and have more repeat customers who know they can come back and pay with credit card."

Square celebrates local business

This week Square co-founder and CEO, Jack Dorsey will host Let's Talk, an event designed to bring local business owners together to collaborate, connect and strengthen their communities. Owners of Toronto-based Hula Girl Espresso, Mehoi, Superfood Eateries, and SWAT Wildlife will contribute to an in-depth discussion on small business growth at the Fermenting Cellar in the historic Distillery District.

Square hosts "Local Business is Beautiful" events across Canada for local businesses to connect, share stories and gain new insights on how to get started and grow. The series kicked off in Calgary, where 95% of local businesses are also small businesses. Next month Square will host an event in Vancouver on November 6th.

Earlier this year Square ran #LoveLocal, a contest to promote small business and offer a chance to win a suite of innovative business tools including Square Readers, iPad 2, an iPad stand, and a cash drawer. Hundreds of local businesses across the country entered. Winners include La Belle & La Tête salon in Montreal and Flatbread Pizza Co, a farmer's market pizza outpost in Ottawa.

Square Register for Canadian businesses

Square's free card reader and free software enable anyone to safely and securely accept credit cards and run their business from their iPhone, iPad or Android device. Square offers one simple, low transaction rate of 2.75% per swipe, with no hidden fees. Funds from swiped payments are available the next business day, eliminating the wait for cash flow.

The Square Reader is available for free at Square.ca or at over 800 retail outlets throughout the country including Apple, Best Buy, Future Shop, London Drugs and Staples, with a $10 rebate for first time customers.

About Square
Square is making commerce easy for everyone. Starting with a free credit card reader for the iPhone, iPad, and Android devices, Square Reader allows anyone to accept credit cards anywhere, anytime, for a low transaction rate of 2.75 percent per swipe, with no hidden fees. Square Register serves as a full point of sale system for businesses to accept payments, manage items, and share menu and location information. Founded in 2009, and headquartered in San Francisco, Square is currently available in the U.S., Canada, and Japan. More information is available at square.ca.