Latest in Credit card

Image credit:

Square's feeling good, on pace to take $5 billion in payments per year

Share
Tweet
Share
Save

Sponsored Links

Despite growing competition from PayPal, Intuit and Verifone, it appears that Square's business is still going gangbusters. The grandaddy of all smartphone payment systems is set to take $5 billion in payments this year, up from $2 billion a scant six months ago. According to company COO Keith Rabois, such expansive growth has been fostered by the fact that Square makes the cash from transactions available to merchants the next business day -- a feature greatly appreciated by small businesses. Clearly, Huey Lewis was right, and you can see what we mean after the break.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Share
Tweet
Share
Save

Popular on Engadget

The 2019 Engadget Holiday Gift Guide

The 2019 Engadget Holiday Gift Guide

View
'Fortnite' DirectX 12 update boosts performance on high-end PCs

'Fortnite' DirectX 12 update boosts performance on high-end PCs

View
Check out the trailer for the final episode of Darth Vader's VR saga

Check out the trailer for the final episode of Darth Vader's VR saga

View
Karma's latest supercar concept boasts neck-snapping power

Karma's latest supercar concept boasts neck-snapping power

View
Washington, DC sues DoorDash for allegedly misleading users about tips

Washington, DC sues DoorDash for allegedly misleading users about tips

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr