New Square Debit Card Gives Small Business Owners Access to Your Money Instantly

As small businesses conduct transactions in the digital and physical world, having a payment system with seamless integration is essential. The addition of a free debit card by Square (NYSE: SQ) will further bring both worlds together while giving sellers real-time access to the funds they need. Square Card is a free business debit MasterCard designed to help businesses manage their cash flow. According to the company, the new card will make the funds from a sale available right away in order to help with overall cash flow management. One of the biggest challenges small businesses face is access to capital. By making the funds from each transaction available instantly, it gives owners the flexibility they need to address immediate financial needs. This was one of the points Alyssa Henry, Seller Lead at Square, explained in the press release. Henry said, “Small businesses have to be nimble. They don’t have the time to wait for funds to clear a bank account, or the resources to easily reconcile personal versus business expenses. Square Card addresses these pain points, and further extends Square’s ecosystem of products and services for small businesses.”