Square hits $100M in sales in a single day

Gigaom

On Friday Square has had its first $100 million sales day, the company revealed today. The milestone comes just a month after CEO and founder Jack Dorsey revealed Square had handled its 1 billionth credit card purchase. Square has now processed a transaction on one of ever four active credit cards in the U.S., and according to the San Francisco companies own figures, if you were to look at its merchants as a collective, Square would be the 13th largest retailer in the U.S. right behind Best Buy.

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