Who is Square?
Used by retailers, hospitality providers and small merchants globally, Square began as a mobile Point of Sale and payment processing system that can be customized to suit a retailer’s needs.
Touted as POS software built for simplicity, Square not only facilitates mobile payment processing with hardware but offers an advanced point of sale app and store management system that extends from a credit card reader to a merchant’s mobile device and beyond to their laptop.
Launched in 2009 by Twitter co-founder Jack Dorsey, Square has developed into one of the leading payment processing systems in the world that goes well beyond handling transactions to managing an entire store or customer service business via an app and online dashboard.
One of the major advantages of the Square POS system is its simplicity and ease of set-up. The app and accompanying card readers allow a merchant to set up their store quickly, then instantly take payments using a mobile phone or tablet and the accompanying card processor.
In addition to the point of Sale service, Square also created a Cash App (formerly Square Cash) that allows person-to-person money transfers via the app or the Square website.
It later launched Square Cash for businesses, allowing individuals and organizations to send and receive money using a unique username, known as a $cashtag. In 2018, the app introduced the ability to buy and sell Bitcoin.