More Than Two Million Square Users Can Now Accept Credit Cards

Thu Jun 14, 2012 9:00am EDT

* Reuters is not responsible for the content in this press release.

  SAN FRANCISCO, CA, Jun 14 (Marketwire) -- 
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.

    
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2012989


Square contact: 
Khobi Brooklyn 
khobi@squareup.com 

Copyright 2012, Marketwire, All rights reserved.

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