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E-invoicing, SCF & E-procurement

Square launches invoicing service

Friday 6 June 2014 | 09:46 AM CET

Mobile payments service provider Square has launched an invoicing system dubbed Square Invoices, online media outlet techcrunch reports.

According to the source, invoices are free to use for an unlimited number of invoices, and without monthly fee, but with a 2.75% fee on credit/debit card payments and if customers opt to pay in cash or check, there’s no fee involved.

The solution requires entering details of the invoice (services rendered, a personal note, etc.) plus an email address for the customer. After that, Square sends the invoice to the customer, complete with a built-in “Pay By Card” link. After the payment, in 1-2 business days later, the transaction is complete.

In recent news, Square has discontinued its mobile wallet app after it failed to catch on with consumers. But a new app focused on order-ahead transactions dubbed Square Order has taken its place.

More: Link
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