As some of you may already be familiar with, Square, Inc. is a company that provides mobile credit and debit card transaction services for businesses. By inserting the white square card reading device into your mobile device and utilizing the Square application that you download to your device, you can instantly transform your mobile device into a mobile payment center for your business, allowing customers to conveniently pay you anywhere, anytime a transaction takes place!
Square is now launching Square Market, which allows sellers to create a storefront online for free with online payment processing capabilities. Square Market allows people and businesses to sell goods online, as well as help promote their physical store by allowing potential customers to search for specific items and have whichever sellers selling that particular item to show up. Unlike other e-commerce websites such as Ebay and Amazon, Square Market does not charge customers to post items for sale, it's completely free. Square does, however, charge a 2.75% fee on whatever is sold using their marketplace, which is still cheaper than many other competitors.
Square Market will help business tremendously, as many businesses are looking to move their business online, but either do not wish to run their own website or do not want to deal with paying all of the fees associated with building their own website. The instant access to many potential customers is also a perk for using Square's new web service.
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