“Square isn’t merely content with processing credit cards for local businesses. It wants to handle their online transactions as well.
Square is essentially moving in the opposite direction of its main mobile payments rival PayPal, the entrenched provider of online payments for small businesses. While PayPal is horning in Square’s turf with its Here credit card reader, Square hopes to chisel off a piece of PayPal’s peer-to-peer payments with a new service called Square Cash. Now Square is going after the business of PayPal’s parent eBay with Market.”
PrettyApt 