The company Square, founded by Jack Dorsey (Jack Dorsey) and developing solutions for receiving and processing electronic payments, carried out large-scale processing and restarting its platform for creating online stores – Online Store .
Initially, the Online Store service, since 2013 known as Square Market, was targeted at retailers who no longer had any other Internet access channels and were designed to create simple selling pages. Square Online Store had only a basic set of functionality and a minimum of integration with other e-commerce tools.
Now Square offers entrepreneurs a complete solution for the launch and future operation of an online store. Now he can offer access to inventory in real time; integration with the Instagram sales service; implementation and accounting of online and offline sales; support of Square’s own credit cards, as well as any others; and, most importantly, synchronization with the Square – Square POS.
The new Square solution is intended not only for stores, but also for restaurants and other services that would like to be able to offer their customers the possibility of online payment through a single solution.
With the help of the service, you can also introduce discount coupons, remind customers of an unfinished purchase, create a basket of orders and more. The service charges a commission from each transaction in the amount of 2.9% of the value of the goods plus 30 cents.
Recall, the company Square, was launched in early 2011. The project received huge amounts of initial investment and literally within a year went into daily transaction volumes totaling $ 1 mil.
In 2012, Jack Dorsey even quit his Twitter job in order to concentrate on the development of Square .