Square (SQ) announced the beta launch of new banking and spend management solutions for its U.S. sellers, including new credit tools and features. The Square Credit Card, running on the American Express (AXP) network, gives sellers a new tool that provides them with more spending flexibility when they need it and a rewards program that helps them reinvest back in their business. With no late fees or annual fees, the Square Credit Card features a credit limit determined by the sales a seller processes through Square. To better serve large sellers, Square is providing these businesses with loans that can be repaid on a fixed monthly schedule, rather than through daily repayments as well as the optional ability to use external data to improve loan offer size.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on SQ:
- Block management to meet virtually with Benchmark
- Block price target lowered to $80 from $105 at Truist
- SEC director says ‘nothing has changed’ for crypto enforcement, TC says
- Block has ‘uniquely favorable near-term set-up,’ says Jefferies
- BTIG Begins Fintech Coverage – Top Pick SOFI, Bearish on AFRM