Alternative Finances

It’s Hip To Be Square

Yesterday, mobile payments giant Square launched its own invoicing system called Square Invoicing.

According to a release on Square’s blog, the new invoicing feature has the same 2.75 percent transaction price as Square Market. Additionally, it lets sellers create custom invoices and collect payment securely from the same service they use to run their entire business.

Franco Salerno, owner of Darianna Bridal in Warrington, Pennsylvania, said in the Square statement that his company is intensely busy and does not have time to track people down for payment.

“Square makes it as easy as sending an email,” Salerno said. “I love being able to use our item library to easily input what a customer bought, and I especially love the ability to duplicate invoices because we often send several at a time for the same amounts.”

Just last month, Square announced that it will start providing small term business loans based on cash flow and sales volume. That service had reportedly been used in pilot with thousands of merchants, and 85 percent said that they would recommend it.

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