SOURCE: Square, Inc.

Square, Inc.

June 14, 2012 09:00 ET

More Than Two Million Square Users Can Now Accept Credit Cards

Art Dealers, Musicians, Retailers, and More Use Square to Grow Their Business

SAN FRANCISCO, CA--(Marketwire - Jun 14, 2012) - Over two million individuals and businesses are now able to accept credit cards with Square. Focused on helping entrepreneurs start, manage, and grow businesses, Square provides the easiest way for anyone, anywhere to take and make credit and debit card payments.

In its first year of availability, one million individuals adopted Square as their solution for taking card payments. Now in just six months, Square has doubled to two million users and processes over $6 billion in payments on an annualized basis.

"Square's incredibly simple and convenient solution meets the needs of every type of business," said Square COO Keith Rabois. "With more than 80 percent of Americans using credit cards, making payments with Square is becoming part of everyday life."

Square's Card Reader plugs into the headphone jack of an iPhone, iPad, or Android device and allows for safe and secure credit card payments through the free, downloadable Square Card Reader and Square Register apps. Square provides one simple, low, and transparent rate of 2.75% per swipe, with no hidden fees. Square merchants have access to their funds the next business day, eliminating the wait for cash flow.

About Square, Inc.
Square is revolutionizing millions of everyday transactions between buyers and sellers with its free credit card reader for the iPhone, iPad, and Android devices, allowing anyone to accept credit cards anywhere, anytime. Square Register serves as a full point-of-sale system for businesses to accept payments, track inventory, and share menu and location information. Pay with Square is the most seamless way to pay, enabling individuals to pay with their names at their favorite local merchants, discover nearby businesses, explore menu listings, and store receipts. Founded in 2009, and headquartered in San Francisco, Square is currently available only in the U.S. More information is available at squareup.com.

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