Square Processing $2B In Payments Per Year
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Square Processing $2B In Payments Per Year
1–10 of 16 posts
Re: Square Processing $2B In Payments Per Year
#2"Rabois says that Square’s merchants now represent 10 percent of the transactions in the Visa/MasterCard world."
This is either a) completely untrue, or b) a clever play on words (I don't know what "Square's merchants" means)
800k card readers shipped is significant and would be about 10% of the total companies that take credit cards, but the vast majority of those with readers are not actually companies (I have gotten several of them in the mail... saying "card readers shipped" is like AOL talking about how many CD's or disks they gave out in the 90's)
There are ~56Billion visa/mc credit and debit card transactions per year, if anyone was interested. (taken from Visa/MC 10-k's)... and a total of $3.5Trillion in transaction volume
Re: Square Processing $2B In Payments Per Year
#3Has anyone heard any rumors about when Square is going to release 1.0 of their android API.
I'm building a POS into some tablet based software my company sells, and I'd really like to do microtransactions without the $0.30 fee per transaction.
Re: Square Processing $2B In Payments Per Year
#4"Rabois says that Square’s merchants now represent 10 percent of the transactions in the Visa/MasterCard world." This is either a) completely untrue, or b) a clever play on words (I don't know what "Square's merchants" means) 800k card readers shipped is significant and would be about 10% of the total companies that take credit cards, but the vast majority of those with readers are not actually companies (I have gott…
I believe they are calculating the 10% based off of registered users this time around vs card readers in the past.
Re: Square Processing $2B In Payments Per Year
#5"Rabois says that Square’s merchants now represent 10 percent of the transactions in the Visa/MasterCard world." This is either a) completely untrue, or b) a clever play on words (I don't know what "Square's merchants" means) 800k card readers shipped is significant and would be about 10% of the total companies that take credit cards, but the vast majority of those with readers are not actually companies (I have gott…
I would guess it was (a) because the store doesn't have that line anymore. Now it says: "Rabois says that Square’s merchants are now 10% of the reach of the Visa/MasterCard world."
Re: Square Processing $2B In Payments Per Year
#6So that's at least $55mm/revenue PA.
Re: Square Processing $2B In Payments Per Year
#7Limited to the US market unless they do a chip and PIN reader.
Re: Square Processing $2B In Payments Per Year
#8Impressive, but does it make sense to measure things per yer on a 2 year old company? I'd be interested in a more granular breakdown and how/if market cycles effect them in the same way it does retailers in general.
Re: Square Processing $2B In Payments Per Year
#9Limited to the US market unless they do a chip and PIN reader.
Possibly of interest: http://izettle.com/
Re: Square Processing $2B In Payments Per Year
#10Has anyone heard any rumors about when Square is going to release 1.0 of their android API. I'm building a POS into some tablet based software my company sells, and I'd really like to do microtransactions without the $0.30 fee per transaction.
Google Payments (https://checkout.google.com/inapppayments/) has no transaction fee, just a flat 5%.