American mobile payments firm Square has introduced a new mobile app to enable merchants to create, manage and send invoices from anywhere. This is intended to enable fast, easy and secure payments.
The Square Invoices app eliminates the need for manual invoices and acceptance of checks. The company noted that more than 60% of invoices that it processes are paid the same day.
Square seller lead Alyssa Henry said: “The way we do business is changing; not everyone works from an office and small businesses need the flexibility to handle core processes like invoicing on the go.
“With the Square Invoices app, small business owners are able to get paid remotely and access their funds quickly and securely.”
Sellers can use the new app to track invoice and payment status, set automatic payment reminders, send attachments with the invoice and schedule recurring invoices.
The Square Invoices app will enable acceptance of both in-person and online payments. It is applicable for one-time billing as well as recurring payments.
In addition, the app facilitates personalisation of the invoice with business logo and colour scheme.
Merchants can send estimates which could be converted to invoices after receiving approval from the client.
The Square Invoices app, which does not charge any monthly fee, is available for download in the US, Canada, Japan, the UK and Australia.