Square Comes to the UK
28 Marzo 2017 - 12:00PM
Business Wire
Square today announced that it has launched in the UK, making it
easier than ever for millions of small and medium-sized businesses
across Britain to take card payments and run their business. The UK
marks the fifth country where Square is available, joining existing
markets Canada, Japan, Australia and the U.S.
Square helps independent traders take card payments and offers
competitive and transparent rates, no monthly contracts or hidden
fees, and next-day settlement on most transactions. It takes
minutes to get set up, and sellers can quickly and securely begin
accepting payments from Visa, Mastercard and American Express
cards. Square’s card reader pairs with the free Square Point of
Sale software, which includes tools such as real-time sales data,
invoicing and digital receipts, all in a single app.
“We founded Square to empower small businesses with tools to
accept all forms of payment and to make a sale anytime, anywhere,”
said Jack Dorsey, CEO of Square. “We look forward to working
alongside the millions of entrepreneurs and thriving small and
medium-sized businesses across the UK, especially those who do not
yet take card payments.”
The average UK adult now carries less than £25 in cash, and 70%
of UK shoppers prefer to pay by card. However, it is estimated that
half of the UK’s 5.4 million small businesses do not yet take card
payments.
“We’re thankful to the sellers who have helped us launch today
and all of our partners in the industry for welcoming us to the
UK,” added Dorsey.
Most business owners already have a smartphone or tablet, which
Square transforms quickly and easily into a payments terminal. To
get started, business owners simply need to purchase the Square
Reader for £39 from the Square Shop, connect it via Bluetooth to a
phone or tablet, and download the free Square Point of Sale app,
which is designed specifically with the needs of small merchants in
mind. UK sellers using Square pay a competitive, transparent flat
fee of 1.75% for in-person payments, and 2.5% for all other
transactions such as online, by phone or via an electronic invoice,
with no minimum transaction value.
“Square has been a perfect fit for my business, allowing me to
easily take card payments both at the table and at the door,” said
George Hudson, owner of Piano Bar Soho, where Square’s UK launch
event was held today. “It’s intuitive for our staff to use with no
training necessary, and the real-time sales data helps me keep
track of how the business is doing, even when I’m in a remote
location. I have always valued innovation and design in business,
and I appreciate Square’s focus on those important elements as
well.”
“Whether you’re a plumber, an accountant, a cafe or a corner
shop owner, Square can help your business thrive,” said Sarah
Harvey, Square UK Country Manager. “Our simple hardware,
transparent pricing and our suite of business tools make it easy
and cost-effective for you to accept cards and manage your
payments, and for your customers to pay with their card. We’re
excited to be here in the UK and can’t wait to help businesses get
started with Square.”
About Square
Square, Inc. (NYSE:SQ) creates tools that help sellers of all
sizes start, run and grow their businesses. Square's point-of-sale
service offers tools for every part of running a business, from
accepting credit cards and tracking inventory to real-time
analytics and invoicing. Square also offers sellers financial and
marketing services, including small business financing and customer
engagement tools. Businesses and individuals use Square Cash, an
easy way to send and receive money, as well as Caviar, a food
ordering service for popular restaurants. Square was founded in
2009 and is headquartered in San Francisco, with offices in the
United States, Canada, Japan, Australia, Ireland and the UK.
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Square, Inc.Media Contact:press@squareup.com
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