Square is one of the fastest growing payment processors in 2020, leading in mobile credit card processing. Their services have been popular in Japan, United States, United Kingdom, Canada, and Australia, helping over 2 million small businesses to get up on their feet. With many other players in the same niche such as Paypal and Stripe, how does Square fair against its competitors. In this article, I’ll be sharing with you all you need to know about Square.

Business Overview

Square is a payment processing company with a suite of simple to use SaaS products that help empower businesses, giving them an ecosystem of tools to seamlessly accept payment and finance growth. The company was founded in 2009 by Jack Dorsey and Jim McKelvey and launched its first app and service in 2010.

The original inspiration for Square came to Jack Dorsey when Jim McKelvey was unable to complete a $2,000 sale of his glass faucets and fittings because he could not accept credit cards. This just goes to show that the best ideas come about from the most random of situations.