Tag Archives: PayPal

Square Processing $5 billion a year

Even with the threat of PayPal looming, Square continues to grow. The company told Bloomberg Wednesday that its annualized rate of processed transactions is now up to $5 billion, up from $4 billion a month ago. It’s unclear how much Square is actually making on all this action and if it’s even profitable, but the growth is showing that Square is executing on its bid to become a payment tool for small businesses. Continue reading

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