Square Card Launches in Canada to Help Small Businesses Manage Cash Flow
Square has today announced the launch of Square Card in Canada to help small businesses manage their cash flow. The announcement marks a milestone in Square’s goal of expanding financial access in Canada, its second-largest international market.
Square Card is a business expense card that gives owners instant access to the money they have processed through Square at no extra charge. Sellers can sign up for this optional, add-on service in just two minutes through the Square App or web Dashboard.
As soon as a business makes a sale, the funds are immediately available within their Square Balance and can be spent instantly with their Square Card.
“We’ve heard, time and time again, that cash flow is a major pain point for Canadian businesses. Often, it’s the reason they continue accepting cash, despite it being time-consuming and costly to manage,” said Christina Riechers, Head of Product, Business Banking at Square.
For sellers who prefer to use an external bank account, Square now offers them the option to make real-time transfers of their funds with Instant transfers by clicking a button in the Square App or from their online Square Dashboard.
Learn more about how Square Card can help Canadians run their businesses here.