Square Transaction Statistics: $3 Million A Day

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)