Square claims 1m merchant partners

Mobile payments service Square now has 1m merchants signed up to its service in the US, representing 12.5% of US merchants who accept credit cards. The service counts ease-of-use and its low per-transaction fee as important factors in its growth. As a caveat, a Square spokesman says that although 1m merchants are signed up to the service, not all of them have necessarily used Square to process a transaction.

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