Square Processing About $1 Million In Transactions Per Day

Posted Mar 2, 2011

Mobile payments company Square has hit $1 million in payments per day according to founder Jack Dorsey. Last fall Square was processing a few million transactions per week. Square recently raised $27.5 million in a new round of funding and announced that they are dropping the $0.15 per transaction charge for businesses that use their services. About 100,000 new merchants are signing for Square per month. [TechCrunch]