Square today announced the launch of Square card in Canada to help small businesses manage their cash flow. The announcement marks an important step in Square’s goal of expanding financial access to Canada, its second-largest international market.
Square Card is a business spending card that gives owners instant access to the money they have processed through Square at no additional cost. Sellers can sign up for this optional add-on service in just two minutes through the Square app or the web dashboard.
As soon as a business makes a sale, funds are immediately available in their Square Balance and can be spent instantly with their Square Card.
“We have heard over and over again that cash flow is a major issue for Canadian businesses. This is often the reason why they continue to accept cash, even though it is time consuming and expensive to manage, â€said Christina Riechers, Product Manager, Business Banking at Square.
For sellers who prefer to use an external bank account, Square now offers them the ability to make real-time transfers of their funds with instant transfers at the click of a button in the Square app or from their dashboard. Square online.
Learn more about how Square Card can help Canadians run their businesses here.
