Square has increased its instant transfer fees in a move that could jump revenue - Business Insider

in double digits but decelerating, and the brand just posted its second-ever profitable quarter, driven by the merchant segment as well as SSR.

The move could also push customers to Square Card. Square noted that its stored value debit card offering will remain a free, instant transfer opportunity. As a result, Square Cash users who don't want to pay the increase might apply for the card, in turn growing usage of that product, which is seeing a "meaningful uplift," and further boost SSR results.

But becoming a more expensive service will likely shift Square's merchant relationships. There's definitely demand for instant transfers, among both consumers and businesses, making it something users are likely willing to pay for. could push some sellers away from Square and toward less expensive providers.

Though instant transfer is optional, the move could also impact consumers using the Cash App, which indicates that Square might use other features as draws to the service. On the consumer side, where the change

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Chase Sapphire Reserve getting new benefits, annual fee increasing - Business InsiderStarting on January 12, 2020, several new benefits will take effect and the annual fee will increase by $100.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

How Squared Away's CEO hires and manages top talent - Business InsiderThe secret to hiring and managing top talent, according to the CEO of a virtual assistant company who grew her business to over 80 assistants and 100 clients in just 2 years (by adriangranzella)
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

Facebook deepfake policy could fall short - Business Insider - Business InsiderUnder Facebook's new policy, users cannot post videos that are manipulated through AI or altered in a way that is misleading to the 'average' person.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

Quibi CEO on how service will make money, revenue model, ad pitch - Business InsiderQuibi, a mobile-streaming service that launches in April, plans to make money through both subscription and advertising revenue.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

HSBC is facing pressure in Hong Kong - Business Insider - Business InsiderHSBC faces backlash in Hong Kong after closing an account with funds used by Spark Alliance, and after police froze $9 million tied to the account. And also Hong Kong and Shanghai are part of the bank’s name.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »