Amazon could be working on a Square competitor and could offer fees as low as 1.9% →
It’s no secret that Amazon has been eying the in-store physical, retail world. The company is reportedly looking to launch a number of retail stores. A credit card processor and mobile payments device could power payments at these stores.
The competition could get even tougher with Amazon entering the mobile payments market. It is only a rumor though, nothing has been announced yet.
It seems Square’s choice to focus on design and user experience could make the difference.