Square is a financial technology company based in the United States. Founded in 2009 by Jack Dorsey (also a co-founder of Twitter), Square offers an integrated payment platform that allows businesses and merchants to process credit card payments and manage their transactions online and in-person.
Square initially launched a small device called the “Square Reader,” which enabled users of smartphones and tablets to process credit card payments. This reader plugged into the device’s headphone jack and allowed merchants to accept chip-based and magnetic stripe card payments. This product gained significant popularity, particularly among small businesses and mobile vendors.
Since its inception, Square has expanded its range of products and services. They now offer a variety of tools and solutions for merchants, including point-of-sale terminals, online payment solutions, billing services, inventory management tools, and business data analytics.
Square has also diversified by launching new products and services such as Cash App, a mobile peer-to-peer payment application that enables users to send and receive money quickly and easily.
Over the years, Square has experienced significant growth and has become an established player in the payment industry. It is used by millions of merchants and businesses worldwide. Square is publicly traded and headquartered in San Francisco, California.