Square, Inc. is an American financial service, merchant services aggregator, and mobile payment company. The company was founded in September 2009 by Jack Dorsey and Jim McKelvey. Square went public in November 2015 and trades on the New York Stock Exchange (NYSE) under the ticker ‘SQ’.
Square, through its subsidiaries, offers a commerce ecosystem that includes point-of-sale software and hardware that provides sellers payment and point-of-sale solutions. Under Square’s hardware products, there is a Magstripe reader, Contactless and chip reader that accepts Europay, Mastercard, and Visa (EMV) chip cards and Near Field Communication payments; Square Stand, Square Register, Square Terminal.
Under software products, Square offers Square Point of Sale; Square Virtual Terminal; Square Appointments; Square for Retail; Square for Restaurants; Square Invoices, Square Online Store; Square Loyalty, Marketing, and Gift Cards; and Square Dashboard.
It also provides a developer platform, which includes application programming interfaces and software development kits. Furthermore, Square is behind managed payments, instant transfer, Square Card, Square Capital, and payroll. The company also operates Cash App and Weebly.
Square main competitors
- PayPal
- Shopify
- Clover
- Shopkeep
- Stripe
Key Square Milestones
As of July 2020, Square shares traded at over $130, leading to a market cap of over $55bn, larger than Uber and other successful companies that emerged from the 2011-2013 cohort of highly successful Silicon Valley firms.
In January 2018, Cash App expanded to allow users to buy and sell bitcoin. The company issued a debit card to be used with the account.
As of 2018, Square’s largest acquisition was Weebly for $365M. It’s largest disclosed sale occurred in 2019 when it sold Caviar to Doordash for $410M.
Square Frequently Asked Questions
Does Square pay dividends?
Square does not currently pay a dividend. All the revenue is redirected to growing the business.
Has Square split its stock?
According to Square stock split history records, the company has had zero splits.
What is the difference between Square and Stripe payments?
Stripe differs from Square because it offers payment services for online businesses, whereas Square provides payment services to online, physical, and mobile transactions.
