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A comment on Square's Disruptive Payment Service About to Get A Huge Retail Boost from Apple.

Re:Square's Disruptive Payment Service About to Get A Huge R... by cletus on Saturday April 16, 2011 @09:50PM (#2455370)
It's a great idea with a great team behind it and this is a huge win on the biz dev side. Congrats to the guys.

One inconsistency from the TC post though:

> ... announcing that it is processing $1 million in payments per day

vs

> COO Keith Rabois told us in January that the startup is expected to process $40 million in transactions in Q1 of 2011 ...

There are more than 40 days in Q1, even if you limit it just to business days. I'm confused.

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Re:Square's Disruptive Payment Service About to Get A Huge R... by Aleran on Saturday April 16, 2011 @11:29PM (#2455487)
The reason the projection for Q1 was only 40M is because it wasn't until March that Square reached the 1M/day milestone (http://techcrunch.com/2011/03/02/square-now-processing-1-mil...).

So in January and February they were doing less than 1M per day.

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Re:Square's Disruptive Payment Service About to Get A Huge R... by barkingllama on Saturday April 16, 2011 @09:57PM (#2455378)
It sounds like to me that they expect to process in total 40 million during Q1, but they could process up to 1 million in a single day? Clarification would be nice in the article .
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