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Square is a financial services platform by Block, Inc. for small and medium-sized businesses. [1] [2] It enables accepting credit card payments using smartphones as POS registers, and facilitates various business operations. As of 2023, Square reports 4 million merchant clients and an annual payment value of US$ 210 billion.
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Block, Inc. (formerly Square, Inc.) is a U.S. listed company founded by Jack Dorsey and Jim McKelvey in 2009. It is a financial technology conglomerate. The company reportedly serves 56 million users and 4 million businesses, and processes payments worth US$ 228 billion annually as of 2023.
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Co-founded in 1999 by Steve Abernethy and Ahmed Khaishgi, SquareTrade launched as the first online service for resolving e-commerce disputes. Working with online marketplaces such as eBay, the company utilized an online negotiation tool to automate the dispute resolution process between sellers and buyers. Between 1999 and 2001, SquareTrade ...
Today, the company is launching a new product called Square Banking that combines a checking account, savings accounts, debit cards and loans. With Square Banking, the company wants to convince ...