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Wilduck
on March 3, 2011
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Square Now Processing $1 Million In Mobile Payment...
Correct me if I'm wrong, but when setting up an online business that accepts credit cards, you need a merchant account. Do you need something similar with Square? Or do they get around this somehow by keeping your funds in a paypal like account?
mikesaraf
on March 3, 2011
[–]
Square bypasses that, they deposit into the bank account every business day. There are some exceptions for larger transactions.
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