Mobile payments company Square continues to expand its reach, moving heavily into art fairs and farmers’ markets. The platform, which processes about $416 million in payments each month, has already proven successful with charities, taxis, food trucks, political campaigns and more.
The company claims that “at Etsy’s New York’s Spring Handmade Cavalcade last weekend in Brooklyn, over 90 percent of the vendors used Square to accept payments,” according to TechCrunch.
A similar event, Unique LA (the largest independent fashion market in the country), will be using Square to process payments this coming weekend. The event expects to see over one and a half million dollars in transactions.
“It’s not surprising that Square is being used by independent purveyors at fairs and markets. The company’s smartphone dongle and companion payments app makes taking credit cards easy,” suggests TechCrunch.
Square is now processing $5 billion in annual payments, with volume up 25 percent in the past month.
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