Square is growing by leaps, bounds, and venti lattes.
The payment-processing company, which allows merchants to swipe cards with a device connected to mobile devices, today announced that it's now handling $8 billion in transactions every year. Just a year ago, that figure stood at over $1 billion, and earlier this year, Square CEO Jack Dorsey said the company was processing $4 billion in transactions per year.
That growth has meant far more revenue for Square. Although the company doesn't divulge its financials, it takes a fee of 2.75 percent for each card swipe through its service. … Read more