Month: October 2018

Square launches point-of-sale consumer installment loans

Last week we learned that Square, best known for its small business credit card processing service, is getting into the consumer lending business. Lending isn’t new to Square, they launched Square Capital in 2014 to help their small business customers access capital. But they’ve never offered a direct-to-consumer financing option until now. While the typical […]

Square takes on Affirm with point-of-sale installment loans

Shoppers purchasing big-ticket items from Square merchants will now have the option to pay via installment loans, the company said today. Square will offer point-of-sale loans for amounts between $250 and $10,000, online and offline, through its Square Capital Division. Square is best known for serving small businesses, many of which have average transactions under […]

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