Square denies that it is negotiating its sale to Google, Apple or PayPal

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Rumors about a possible purchase of the mobile service company charges Square by companies like Apple, Google or PayPal has intensified in recent weeks. In fact, according to The Wall Street Journal, Google Square is negotiating with a potential sale but the communications director of the company, Aaron Zamost, has denied this information through Twitter.

According to the sources consulted by the WSJ, Square has lost $ 100 million in the past year and the past three have spent half the $ 340 million earned to date. The paper also refers to a bank loan of 100 million dollars order a few weeks ago, while in 2013 a gross turnover of $ 550 million.

Square, valued at more than 5,200 million, currently only operates in the USA, Canada and Japan and its economic problems and expansion is one of the main problems has qye company.

Users see a Square, SumUp, PayPal or iZettle a novel and easy time to pay any alternative product. They just need a card reader credit and debit. According to rumors, the mobile sector is being targeted collection of looks from big companies like Apple, that no payment system outside their shops, although rumors point to a breakthrough.

Square charges a fee of 2.75% per transaction, but 80% of the money is just going to believe that companies like Visa or Mastercard. 


In 2015 Square will have to adapt to new changes, because it will thereafter when USA is no longer possible to simply swipe a card through a reader and pay. We will have to use a PIN code.