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Square's New Way to Make Cash: An Order-Ahead Option

Jason Del Rey has been a business journalist for 15 years and has covered Amazon, Walmart, and the e-commerce industry for the last decade. He was a senior correspondent at Vox.

Square has announced a new feature that will allow businesses using its point-of-sale software to let their customers place pick-up orders online through the merchant’s Square Market online store. Square will charge merchants eight percent, instead of the standard 2.75 percent, for these types of orders, since the company believes there’s a good chance these orders represent sales the merchant wouldn’t have otherwise made. Eventually, customers will be able to place these orders through a new Square mobile app to be released in the near future. Square also announced two other seller features: One allows businesses to temporarily accept credit card purchases when they lose an internet connection, and the other tracks inventory levels across physical locations and a Square Market online store.

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