Square Transaction Statistics: $3 Million A Day

May 22, 2011 3:09 pm

Updated: Square Transaction Statistics

We had written about Square Statistics recently – where we noted that Square had crossed $2 Million in daily transactions – today we spotted this:

“The mobile payments startup is seeing an acceleration in transaction volume. It took about 10 months from its public launch for Square to reach $1 million a day in payments going through its mobile app. Getting to $2 million a day only took about two months. And now, less than a month later, it is passing $3 million.”

Statistics Source: TC

What does this 2 Million mean in the bigger picture – try this – Visa handles transactions worth more than 5.2 Trillion dollars annually. (Visa is an investor in Square)

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