Square Reveals Annual Processing Volume ― Up 25% Since March

By  |  April 25, 2012
 | 

Square is processing payments at an annualized rate of $5 billion, a new report from Bloomberg says.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Square Chief Operating Officer Keith Rabois told Bloomberg’s Danielle Kucera that April’s $5 billion annualized rate is up 25 percent from a month ago.

    More than 1 million merchants accept payment using Square, the report says.

    Square also tells Bloomberg that it is making a new timing commitment to its merchant partners: the company says funds processed before 5 p.m. will be made available to merchants by the morning of the next business day.

    Read the full story here.


    See More In: