This conversation we're having? $10. I accept Amex and Visa.
December 1, 2009 5:49 PM Subscribe
It's more of a "how are you paying?" than "what are you doing?" kind of business. Square Inc. is a new startup cofounded by Jack Dorsey of Twitter and Jim McKelvey which will allow businesses and individuals to take credit card payments from customers anywhere. Receipts and confirmations are paperless and get sent to buyers via text message or email. While the media believes it is set to shake up the credit card processing industry, it has also committed to donate a penny on every transaction a merchant takes to a cause of their choice. Square is starting business with $10 million in venture capital funding and is of course tweeting the process; you can see it in action here or try it at Sightglass Coffee in San Francisco.
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