Square Passes One Million Active Merchants

square-logoSquare, the mobile payment processing service founded by Twitter’s Jack Dorsey, has passed the one million merchant mark.

Square launched in early 2010 and offers merchants free hardware that allows them to accept payments on iPhones, iPads and Android devices. Square currently charges merchants 2.75% per transaction.

Dorsey announced the milestone Tuesday via his Twitter account, saying that the one million merchant number is those who have made a transaction via Square.

Square mails its free hardware to merchants, and also offers it at retail outlets like Wal-Mart, Target and Radio Shack.

(tip via TNW)

Related Topics: Channel: Mobile Marketing | Mobile Marketing | Statistics: Mobile Marketing

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About The Author: is Editor-In-Chief of Marketing Land. His news career includes time spent in TV, radio, and print journalism. His web career continues to include a small number of SEO and social media consulting clients, as well as regular speaking engagements at marketing events around the U.S. He recently launched a site dedicated to Google Glass called Glass Almanac and also blogs at Small Business Search Marketing. Matt can be found on Twitter at @MattMcGee and/or on Google Plus. You can read Matt's disclosures on his personal blog.

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