Twitter founder Jack Dorsey's other company, Square, launches in UK
by Alex Hern from on (#2HBR1)
Service aims to make it much easier for independent traders to accept card payments by using readers that connect to smartphones or tablets
Square, the payments company founded by Twitter chief executive Jack Dorsey, is entering the UK market offering merchants next-day settlement and slashed prices compared to rivals.
The company is taking on current market leader, Stockholm-headquartered iZettle. Both companies seek to provide a better service to small businesses than legacy card payment firms such as WorldPay and Barclaycard, whose bulky terminals and complex fee structures can lead to merchants choosing to only take cash payments.
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