Square by Jason An

What is Square?

Square is a merchant services and mobile payments company. Square wallet allows buyers to use their mobile devices to pay merchants and also allows person to person money transfer over email. The service allows users to send money by drafting an email including the dollar amount in the subject of the email, it transfer directly to the recipient’s debit card.

History of Square

Square was founded in 2009 by Jack Dorsey and Jim McKelvey. Their headquarters is located in San Franisco and provides services in US, Canada, and Japan.
The original inspiration for Square occurred to Jack Dorsey in 2008 when James McKelvey was unable to complete a $1,000 sales of his glass faucets because he could not accept credit cards.

Strengths

- Easy and fast payments in anywhere
- App is free

Weaknesses

- Safety Issue
- PayPal
- They charges fee of 2.75% on every credit card transaction.