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March 3, 2011 08:13 am GMT
Mobile payments startup Square has reached a new milestone this week"the company is now processing $1 million in payments per day, co-founder Jack Dorsey just Tweeted. Square was processing a few million in mobile transactions per week as of last fall, so the startup has seen a steady increase in transactions over the past four months. The startup just raised $27.5 million in new funding, and is gaining a lot of a lot of buzz, most recently debuting a fairly large billboard in Times Square. And last week, Square announced that it is dropping the $0.15 per transaction charge for businesses using the mobile payments service. 
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/RPm6VDcS6BI/
Square Now Processing $1 Million In Mobile Payments Per Day
Mobile payments startup Square has reached a new milestone this week"the company is now processing $1 million in payments per day, co-founder Jack Dorsey just Tweeted. Square was processing a few million in mobile transactions per week as of last fall, so the startup has seen a steady increase in transactions over the past four months. The startup just raised $27.5 million in new funding, and is gaining a lot of a lot of buzz, most recently debuting a fairly large billboard in Times Square. And last week, Square announced that it is dropping the $0.15 per transaction charge for businesses using the mobile payments service. Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/RPm6VDcS6BI/
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