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Square is a point-of-sale system for merchants with physical or online stores. [1] [2] Launched in 2009 by Block, Inc., [3] it enables sellers to accept card payments and manage business operations.
But it's unclear whether it has the same competitive advantage as its business loans.
Square is a payments platform that allows businesses to accept card payments and use smartphones or tablets or computers as payment registers for a point-of-sale system (POS). [74] [14] [75] The platform was founded in 2009 by Dorsey and McKelvey.
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A payment service provider (PSP) is a third-party company that allows businesses to accept electronic payments, such as credit card and debit card payments. PSPs act as intermediaries between those who make payments, i.e. consumers , and those who accept them, i.e. retailers .
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