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Square, Inc. is a financial services, merchant services aggregator and mobile payment company based in San Francisco, California. The company markets several software and hardware payments products.
Square Reader - is used to accept credit card payments by connecting to a mobile device's audio jack. Square Stand - aims to turn the Apple iPad into a more complete point of sale system. Square Register - point of sale software aimed at replacing traditional credit card terminals and cash registers. Square Cash - allows person-to-person money transfer via the Square Cash app or e-mail. Square Capital - offers business financing to merchants using Square. Square Payroll - a tool for small business owners to process payroll for their employees. It aims to manage how small businesses operate and how consumers manage their personal finances.
Transaction based revenue model - Square charges a transaction fee of 2.75% of the total transaction amount for processing card-present transactions and for processing payments with Square invoices. Square charges 3.5% of total transaction amount plus $0.15 per transaction for processing card-not-present transactions. Software as a service revenue model. Hardware Costs. Hardware costs consist primarily of product costs associated with Square Stand, Square Readers for EMV chip cards and NFC, and third-party peripherals. Product costs include manufacturing-related overhead and personnel costs, certain royalties, packaging, and fulfillment costs.
$24.83 B in 2019
$10M+ in 2018
The company had a revenue of $3.3Billion in 2018
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