Mobile payments juggernaut Square says it's now handling $5B (annualized) in transactions, up...
Wednesday, April 25, 2012, 4:04 PM ETMobile payments juggernaut Square says it's now handling $5B (annualized) in transactions, up from $4B just a month ago and $2B in October. Square, said to be seeking funding at a $4B valuation, is popular with small businesses not only because of its low fee and ease-of-use, but also its ability to pay merchants within a day of a purchase, compared with 2-5 days for regular credit-card payments. PayPal Here has its work cut out for it.
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