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Financial institutions
LivePayment platformsUnited States

Block (Square)

By Block, Inc.

Block, formerly Square, is a financial technology company that provides an ecosystem of payment processing, software, and banking services for both individual consumers and business sellers. Through its Square ecosystem, it offers merchants point-of-sale hardware and integrated business management tools, while its Cash App platform facilitates peer-to-peer transfers, investing, and lending. It is designed to simplify commerce for small to large businesses and provide streamlined financial management for everyday users.

Last verified todayOfficial site
What it offers
  • Sellers can process in-person payments at a rate of 2.6% plus 15 cents or online transactions at 3.3% plus 30 cents.
  • Individuals can send money using an email, phone number, or a unique $Cashtag for free when using a bank account or debit card.
  • Eligible business sellers can open a high-yield savings account that offers a 3.50% APY on deposits.
  • Consumers can use Cash App to invest in stocks and Bitcoin or access short-term credit through the Borrow feature.
  • Merchants can utilize AI-driven assistants like Managerbot to monitor operations and automate business tasks.
Standout features
P2P payment ecosystemHigh-yield business savingsCash App Borrow lendingAI-driven Moneybot and ManagerbotBitcoin and stock investing
Fees and rates

$0 for Free plan; $49 Plus plan; $149 Premium plan. Standard deposits are free, while instant deposits to a debit card incur a fee of 0.5% to 1.75%, and credit card transactions have a 3% fee.

Background

Block, Inc. was formerly known as Square and expanded its ecosystem to include Cash App, which recently closed its United Kingdom service in September 2024.

What's new
  1. 2026-09-14New profile

    Block (Square) added to the directory

    Block, formerly Square, is a financial technology company that provides an ecosystem of payment processing, software, and banking services for both individual consumers and business sellers. Through its Square ecosystem, it offers merchants point-of-sale hardware and integrated business management t

    bankrate.com
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Sources