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Square Payroll allows small business owners to process payroll. [61] The product is available in the United States. It automatically handles withholding, payments, and tax filings. [37] As of 2015, Square Payroll charges sellers a monthly fee of $20 plus $5 for each employee paid. [62] Square offers virtual and physical gift cards.
In 2013, Square launched Cash App, a peer to peer payment service. [27] In October 2014, the company launched the integration of a payroll feature into its Square payment processing system, following the integrations of a merchant cash advance offering, a customer feedback product and an invoicing service into the system. [48]
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Today, the company is launching a new product called Square Banking that combines a checking account, savings accounts, debit cards and loans. With Square Banking, the company wants to convince ...
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