Part 1/7:
Square's New Consumer Lending Strategy
Recently, Square has made a significant shift in its business model by introducing a payment option that allows customers to pay for larger purchases in monthly installments. This option, designed for their small business partners, targets purchases that range from $250 to $10,000. However, potential customers must qualify for this payment option, and it is not available to just anyone. This initiative aims to cater to the diverse demands of their customer base, providing greater flexibility in payment methods.