Square is a financial technology product that facilitates payment processing for businesses. It provides point-of-sale solutions, allowing merchants to accept credit card payments through mobile devices and tablets. Square also offers additional services like invoicing, inventory management, and analytics to streamline business operations.
Top 5*
Collaboration
About Square
Square was created in 2009 by Jack Dorsey and Jim McKelvey to address the need for small businesses to accept credit card payments easily. The product emerged from the idea of enabling anyone to process transactions using a mobile device, thus democratizing access to payment systems traditionally reserved for larger businesses.
Strengths of Square included its user-friendly interface, ease of setup, and comprehensive ecosystem offering various business tools. Weaknesses involved higher transaction fees for some users and limited customer support options. Competitors included PayPal, Stripe, and Clover, which also provided payment processing solutions with varying features and pricing models.
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*Estimations are based on information from Glassdoor, salary.com and live Howdy data.
USA
$ 224K
Employer Cost
$ 127K
Employer Cost
$ 97K
Benefits + Taxes + Fees
Salary
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