Square, Inc. Launches Early Access Program in Spain
September 16, 2021 at 03:00 am EDT
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Square, Inc. announced the launch of its Early Access Program in Spain. The service, which is now available for beta-testing in Spain, offers exclusive access to an integrated set of omnichannel tools for businesses and freelancers to sell and deliver their services more easily, both in-store and online. This program, which is available for a limited time, is now looking for SMEs and larger businesses throughout Spain that want exclusive access to comprehensive solutions that are used by millions of businesses around the world. Merchants who enroll in the Early Access Programme can get started with Square products in just days, with no long-term contracts or start-up fees, and qualify for free Square hardware. With an ecosystem of products that fully integrate with each other, Square offers all-in-one solutions for multiple business needs: creating online stores, accepting physical card payments, accessing revenue faster, managing inventory or a busy kitchen, and easily setting up appointments, among many other services tailored to save businesses time and make it easier for them to adapt and grow. The company seeks to provide all the tools necessary for businesses and entrepreneursto start, manage, grow, or adapt their business, as needs evolve. Already used by millions of businesses around the world, this is the first time Square is available to Spanish companies and freelancers. The company, founded in 2009 and headquartered in San Francisco, was already present in Australia, Canada, Japan, the United Kingdom, and the United States. This year it began further expansion in Europe, with the launch of its services in Ireland and, more recently, in France. Spain is now the third European country where Square has landed this year, a market in which SMEs account for 99% of the company's business.
Block, Inc. is focused on creating ecosystems for distinct customer audiences. The Company operates through two segments: Square and Cash App. Square segment includes managed payment services, software solutions, hardware, and financial services offered to sellers, excluding those that involve Cash App. Square is a cohesive commerce ecosystem that helps sellers start, run, and grow their businesses, including enabling sellers to accept card payments, provide reporting and analytics, and facilitating next-day settlement. Cash App segment includes the financial tools available to individuals within the mobile Cash App, including peer-to-peer payments, bitcoin and stock investments. Cash App also includes Cash App Card, which is linked to customer stored balances that customers can use to pay for purchases or withdraw funds from an ATM. Cash App also includes the BNPL platform. Its bitcoin ecosystem includes TBD, which is an open developer platform.