Square challenges Amazon, eBay with online marketplace

Mobile payments startup's Square Market will allow merchants to sell their wares online without the expense of building and maintaining their own sites.

Square, the mobile payments startup best known for its credit card readers, is branching into e-commerce to take on the likes of eBay and Amazon.

The company on Tuesday launched Square Market, an online marketplace that allows merchants to sell their wares online without the expense of building and maintaining their own sites.

"Creating an online marketplace is our next step in making commerce easy for everyone," Ajit Varma, Square's Director of Discovery, said in a statement. "Square Market makes local businesses accessible to customers down the block and across the country."

(more at link   ^  )