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Square (SQ) updates the guidance for second quarter and entire 2018 by considering the effects of Weebly acquisition and note offering.
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Weebly, a subsidiary of Block, Inc., is an American web hosting and web development company based in San Francisco, California. Founded in 2006 by David Rusenko, Chris Fanini , and Dan Veltri, the company has grown to provide user-friendly website creation tools and services.
Block, Inc. (formerly Square, Inc. [10]) is an American technology company offering financial services to consumers and sellers. [ 11 ] [ 12 ] [ 13 ] Founded in 2009 by Jack Dorsey , it is the U.S. market leader in point-of-sale systems.
Square charges $99 for Square Stand and $59 for its chip-based Square Reader. [54] The Square app is freely downloadable from the Apple App Store and the Google Play Store. Square charges a fee of 2.6% plus $0.10 on every electronically scanned credit card transaction [ 55 ] or 3.50% plus $0.15 per manually-entered transaction.
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