American Express and Square have announced a new partnership that will result in the creation of the first credit card for Square sellers. The new card, which will be available to eligible Square sellers in the U.S., will integrate directly with Square’s ecosystem of solutions, empowering sellers to organize their finances and manage their cash flow from the same platform they use to run their business.
TheSquare Credit Card will be available to eligible Square sellers in the U.S., enhancingSquare’s robust suite of banking solutions, which includes the Cash App, Cash Card, and Square Capital. The new card is designed to give small businesses greater flexibility and control over their finances, helping them grow and scale their businesses.
With theSquare Credit Card, sellers will be able to track their spending, budget for upcoming expenses, and earn rewards on everyday business purchases. They will also have access to early payment terms on invoices, allowing them to free up cash flow and better manage their working capital needs.
About American Express
American Express is a financial services corporation headquartered in Three World Financial Center in New York City. The company was founded in 1850 as an express mail business in Buffalo, New York. It has since evolved into a global leader in credit cards, charge and prepaid cards, traveler’s cheques, commercial payments, and personal savings plans.
American Express offers a wide range of products and services to suit the needs of individual consumers, businesses, and corporations. In addition to its flagship Credit Card, American Express also offers a variety of charge cards, prepaid cards, traveler’s cheques, and corporate payments solutions.
American Express is committed to providing excellent customer service and has been recognized as one of the world’s most customer-centric brands. The company has over 112 million cardholders worldwide and provides 24/7 customer support in over 130 countries. American Express is a publicly traded company on the New York Stock Exchange under the ticker symbol AXP.
About Square
Square is a company that helps sellers more easily run and grow their businesses with its integrated ecosystem of commerce solutions.
Square offers purpose-built software to run complex restaurant, retail, and professional services operations, versatile e-commerce tools, embedded financial services and banking products, buy now, pay later functionality through Afterpay, staff management and payroll capabilities.
Millions of sellers across the globe trust Square to power their business and help them thrive in the economy. Square is part of Block Inc.(NYSE:SQ), a global technology company with a focus on financial services.
Conclusion:
TheSquare Credit Card is a welcome addition for small business owners who use Square’s suite of products and services. This new credit card gives business owners greater flexibility when it comes to managing their finances, budgeting for expenses, and tracking their spending.
In addition, the early payment terms on invoices will help businesses free up cash flow and better manage their working capital needs. Overall, this is a great partnership between American Express and Square that will benefit small businesses across the country.
