Square expands its banking-type offerings, allowing sellers to bill customers in installments



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Employees also conducted field research by camping in some stores and asked customers about the process of filling in the documents to settle them in several times. They found that the process was nothing more embarrassing.

"This is not obvious when you apply," Reses said, pointing out that people were dropping their phones in the corner of a store instead of filing documents visibly, without other customers never know that you did not just scroll through Instagram.

"We would prefer the customer to have a private experience with their own device, they do not care, are not embarrassing and do not hesitate to give information to someone they do not know", she said.

Square supports the actual loan and risk instead of the retailer. She immediately pays the total amount to the company and the customer will repay Square as a loan. If approved, customers may decide to pay in three, six or twelve months, from a zero interest rate to an APR of approximately 24%. The application does not hurt your credit score either.

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