Review on Square by Adedamola Adeniji
Square: A Fair and Square View
Square is a financial and marchant services aggregator based in USA. It also provides mobile payment services and software
Square was co-founded by Jim McKelvey and Jack Dorsey in 2009, it became a public company listed on New York stock exchange in 2015.
You can create free online store which syncs your inventory and social media for wider exposure to your target audience and increase in sales. This makes Square very viable to startups.
Square equally meets your pick ups and delivery needs as it offers you varieties of shipping options, users can equally make and take orders on Square via their mobile devices connected to Square's delivery hub.
Its services are available in countries like United States, Canada, Australia, Japan and the UK. With its tentacles in financial services, mobile payment and point of sales terminal transaction
Square can be accessed from your mobile device both Android and iPhone alike
As part of its humanitarian services, in May 2013, Square ban the buying and sales of fire arms and its parts on its platform, also all soft and hard ware devices capable of causing arm.
When talking about fees Square fees are quite high, it charges 2.6 plus 0.10 dollars on every electronically scanned credit card transaction and 3.50 percent plus 0.15 dollar per manually entered ones. You will be interested to know that you might have to contend with charge back issues that takes time to settle
Square is a good platform for start ups because of its free online store so I recommend it for up and coming entrepreneurs.
Pros
- Square services are available on web and mobile: Android and iPhone.
- It provides free online store for Start ups.
- On Square you have access to pickup and delivery services, you can equally make and take orders on its platform.
Cons
- Services available only in 5 countries of the world.
- Arbitrary freezing and holding of 20 to 30 percent funds of its marchants which they could not access as a preventive measure againt charge back.
- Its fees are very expensive.
- History of users privacy breach.
