Square, a payment processor founded by the Twitter CEO, launches its services in Spain

The Spanish sales software sector even today has a new competitor at stake: Square and Jack Dorsey, co-founder and current CEO of Twitter, has just announced his arrival to our country With the launch of a suite of digital tools aimed at freelance professionals and small and medium-sized businesses, it said in a note.

With these products, Square ensures that any entrepreneur can Create an online store, process online payments, accept physical card payments -Previous acquisition of a Dorsey machine- and manage store inventory or manage appointments with customers and suppliers, among others.

“We strive to provide all the necessary tools so that companies and entrepreneurs can do this Start, manage, develop or adapt your business As their needs evolve,” they noted in the note.

At the moment, the bundle of products launched by Square in Spain is still in beta and can only be accessed by businesses and professionals who have signed up for their Early Access program, which is in the form of Available on their website. Americans refer to it Those who sign up will not have to sign long-term contracts and will have free access to their devices – Essentially, card readers for processing physical payments from computers, mobile phones, and tablets – while testing tools. However, the program will have a cost for those selected, although the numbers are not shared.

Dorsey plans that all of these products Generally available in Spain throughout 2022.

Square, from mobile payments to multiple services for businesses

The original Square company, founded in 2009, focused on processing card payments at physical points of sale via mobile devices. This company has developed card readers that can be connected to mobile phones and tablets to suit any business or professional You can charge for your products and services with this payment method without the need for a data phone.

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Square’s first portable card reader appears.

Over time, the software developed for this tool, in addition to enabling and recording transactions, it began to offer its customers Daily sales reports, inventory records, closing alerts or personal electronic receipts. More recently, online business creation services or digital transformation of physical stores.

So far, Square only operates in two EU countries, Ireland and France. Americans refer to it They chose Spain as their next step in the Old Continent because of the large number of small and medium-sized businesses that exist in our country, 97% of the total, as SMEs, in addition to the self-employed, are the main target audience. Square also offers its services in the United States, Canada, Australia, Japan, Norway, and the United Kingdom.

Picture 2 | Lucius Kwok

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