Square payment technical glitch leads to business owner losing thousands of dollars

Square Payments - Coffee Shop

Owner of a Toronto-based mobile coffee shop says she lost $14k in payments made through Square. Monica Mustelier, a Toronto business co-owner of Little Havana mobile coffee shop lost CA$14,000 (US$10.5k) to a Square payment technical glitch and it seems that Mustelier may not be the only one. Square won’t say if the issue is widespread. According to CBC News, a glitch in the popular Square payment technology is causing financial frustration for some of the mobile payment company’s users. When asked if it is a widespread issue or if…

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Square In-App Payments processing becomes a reality

Square In-App Payments - Square Reader Mobile Phone Payments - YouTube

Square has launched a customizable SDK in-app payment solution for iOS, Android and Flutter. Square In-App Payments SDK (software development kit) has been launched by the San Francisco-based financial tech company, enabling developers and sellers who use its services to accept in-app payments. While Square has products to help sellers accept payments on the web and in person, this is the first time it will be available in mobile apps. Buyers can securely pay for physical goods or services purchased via mobile app. With the Square In-App Payments SDK, developers…

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Snapchat to shut down in-app mobile payments service

Snapchat in-app mobile payments sevice Snapcash to shut down - Snapchat on mobile

The closure of Snapcash has been confirmed by Snapchat. The in-app mobile payments service, Snapcash, offered through social media network Snapchat, will soon no longer be available. Some speculate the closure of the mobile payments service is due to it becoming more of a liability for the company than a utility. Snapcash was being used as a method to pay for private adult content over Snapchat. Although the reason behind shutting down the in-app mobile payments feature has yet to be disclosed, TechCrunch speculates that it may be due to…

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Square bets on EMV standards improving the mobile payments space

Square Inc. mobile payments nfc technology

Dorsey has high hopes for EMV standards Jack Dorsey, CEO and co-founder of Twitter and CEO and founder of Square, wants his mobile payments company to be universally recognized as a leading mobile commerce firm. Dorsey believes that the coming shift toward EMV standards will help Square accomplish this goal. Square has released its first earnings report since its initial public offering, showing that it has received 350,000 pre-orders for its EMV-enabled card reader, which can be used to process mobile transactions. New standards may speed up mobile transactions According…

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Square mobile payments have now launched in Australia

Square Inc. mobile payments nfc technology

The smartphone based transaction company has now launched its services into a fourth marketplace. Square has now launched its mobile payments services into its fourth marketplace, as it has stepped into Australia, giving small businesses in that country the opportunity to use their smartphones and tablets as credit card reading point of sale devices. The other countries in which the service is available include the United States, Japan and Canada. This announcement arrived nearly immediately before Square was to make the announcement of its first earnings report since the mobile…

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