Find the latest Square, Inc. (SQ) stock quote, history, news and other vital information to help you with your stock trading and investing. and payments technology; Square Terminal, a portable payments device that replaces keypad terminals. Label, Value. Exchange, NYSE. Sector, Technology. Industry, Computer Software: Prepackaged Software. 1 Year Target, $ Today's High/Low, $/$. Find out how Square helps small businesses accept credit cards, track created Square, Inc. (SQ), fulfilling their dream of creating technology which spiked the company's stock price to a record high of $ per share.
The money from merchants' transactions is typically deposited into their bank accounts within two business days. The company also offers Square Appointments, an online service that lets users book appointments.
The company has also expanded into financing small businesses, with products like Square Capital, which provides cash advances to merchants, without locking them into payback schedules. To prevent fraud and identity theft, Square introduced encryption technology on its devices, which do not store card numbers, security codes, or magnetic stripe data. Square has acquired a multitude of companies, including Storehouse, Fastbite, and Kili.
It boasts more than 3, employees as of May , and its board of directors includes former U. Company Profiles. Financial Technology. Tech Stocks. Your Money. Personal Finance. Your Practice. Popular Courses. Stocks Tech Stocks. More than 64 million businesses use this technology to facilitate credit card payments and track sales as of mid Starting in , the company's Square Cash App began allowing merchants to use bitcoin in the technology.
Compare Accounts. Square was co-founded by Twitter creator Jack Dorsey. Square's office is in San Francisco. Square has been available in the United States since and the company launched in Canada at the end of The fee for transactions would be 3. As of March , Square provided its magnetic stripe card readers to users for free. Square charges a fee of 2.
There are no monthly fees or set-up costs. The firm claims that its costs are, on average, lower than the costs charged by conventional credit card processors. In some instances, Square may withhold payments to its users pending issues related to chargebacks.
Square Wallet, before it was removed from the Apple App Store and Google Play Store in , allowed customers to set up a tab and pay for their order by providing their name or a barcode using a stored credit, debit, or gift card.
In August , Starbucks announced it would use Square to process transactions with customers who pay via debit or credit card. In June , the firm launched Square Market, which allows sellers to create a free online storefront with online payment processing functionality.
The seller will take no risk on bitcoin value fluctuations. In August , Square secured an investment from Victory Park Capital, an asset management firm, to extend "hundreds of millions of dollars" to small businesses via Square Capital. On April 19, ,  Square announced that it had acquired Zesty, a food delivery service that caters to corporate offices. As of May , Square announced that it had acquired Eloquent Labs, an artificial intelligence startup helping improve the customer service experience.
As of February , Square announced that it had acquired Dessa, a Toronto based deep learning company. Business Insider praised the product for its "ease of use, simplicity and elegance".
Business Insider favorably compared Jack Dorsey with Steve Jobs for what they called his "entrepreneurial vision and charisma". In May , Square announced it would no longer allow firearms-related transactions to be performed using its devices or software. The company amended its terms of service for retailers to ban sales of "firearms, firearm parts or hardware, and ammunition; or The company denied that this move was related to the increased debate over gun control.
In June , The Wall Street Journal reported that Square inadvertently sends transaction receipts to the wrong email address, leading to adverse consequences such as outing one woman's impending divorce. As the parent company is governed by US laws, the bank would have been subject with charges of trafficking in prohibited Cuban goods if it had processed the fund transactions.
From Wikipedia, the free encyclopedia. American financial services company. This article is about the electronic payment service. For the video game company, see Square video game company. San Francisco , California. Financial services Mobile Payment Point of sale. Main article: Cash App. This section contains content that is written like an advertisement. Please help improve it by removing promotional content and inappropriate external links , and by adding encyclopedic content written from a neutral point of view.
June Learn how and when to remove this template message. Annual Form K ". Securities and Exchange Commission. February 26, Retrieved April 9, Bloomberg News. March 2, Retrieved March 5, Seeking Alpha. Retrieved 19 November October 11, Retrieved June 10, Alexa Internet. Retrieved 16 October Fast Company. May 11, Retrieved September 19, May 26, Protean Payment. Archived from the original on August 22, Los Angeles Times.
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