squarecapital
Latest
Square adds payment installment plans to its merchant tools
It its latest move into the banking industry's turf, Square is now letting its sellers offer payment installment plans. The company says it's easy for a seller to sign up for the feature and customers will be given the option of paying their total over the course of three, six or 12 months. While customers will have to apply for a payment plan, Square will assess and decide on those applications in real time.
Square dips into banking with quick cash for small businesses
Square has so far focused on helping businesses take payments; now, it's ready to make payments to get those businesses off the ground. The company has launched Square Capital, a quick financing service that uses card transactions for repayment. Every time someone makes a purchase, a small cut of that sale (on top of the usual card fee) goes toward covering the advance. Square is purposefully keeping things as simple as that. There's no application process, and there's no due date -- if business gets slow, it just takes a bit longer to pay things off.
