Square has quickly risen to popularity thanks to its clever credit card payment system for iPhone and iPad that has been adopted by small businesses across the country. To compliment its payment system, Square launched the Square Register last month, and today it just introduced its new eCommerce portal called Square Market.
Square Market is an online marketplace for businesses to list and sell their goods across the U.S. (think Etsy or eBay). Anyone can open a store for free with items photos and a profile of your business. You can even post items directly to Twitter to generate interest in your business.
Here’s what Square’s Director of Discovery, Ajit Varma, had to say about the launch:
“We’re focused on making easy-to-use tools for merchants that create an incredible experience for their customers—no matter where they are. Creating an online marketplace is our next step in making commerce easy for everyone. Square Market makes local businesses accessible to customers down the block and across the country.”
Square’s introduction of Market puts the company in competition with Amazon, Etsy and eBay, except rather than charging a flat-fee per transaction, Square receives 2.75% per item sold and there is no listing fee. Businesses can start creating their Square Market stores today by visiting Square.