Square Market: A Threat to eBay

BY Chris Ciaccia | 10/07/13

NEW YORK (TheStreet) -- Square, the payments company led by Jack Dorsey, is changing the way people think about mobile payments, leading the revolution. From the credit card reader to Square Stand to Square Wallet and to the incredibly popular Square Register, the company is rapidly developing an ecosystem to make small businesses more comfortable selling their products and taking credit cards. Its latest product, Square Market, has the potential to disrupt eBay's (EBAY) PayPal and the payments business even further.

Ajit Varma, director of Square Market, said Square has been looking at ways to use the company's data to help its merchants. "We started working on Market in February," Varma said in a phone interview.

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