Square and American Express Tap Small Businesses
(17 November 2022 – USA) American Express and commerce solutions provider Square have teamed up to create a credit card that will be designed for Square sellers.
The new card will integrate with Square’s ecosystem of solutions, enabling sellers to manage their finances and cash flow on the same platform they use to run their business.
The Square credit card addresses two major small-business payment trends. Small businesses are gravitating toward fintechs for their payment needs along with integrated payment solutions.
Available to Square sellers in the US, the card will run on the AmEx network, be powered by i2c and issued by Celtic Bank.
“We wanted to create a product on a payment network that has a strong track record of supporting small merchants, making this card a natural progression of our existing relationship with American Express” said Square Banking GM, Luke Voiles.