Posted under Startups
from http://techcrunch.com 813 days ago

It might not be the funding announcement we’ve been hearing rumors about but today Square announced that they’ve partnered with Starbucks.

Square will soon begin processing all US credit and debit card transactions for Starbucks across their 7,000 locations this fall. Pay with Square users will be able to find a nearby Starbucks in the Square Directory from their iPhone or Android smartphone. Additionally, Starbucks will be investing $25 million in Square for the company’s Series D financing round. Howard Schultz, CEO of Starbucks, will also be joining Square’s Board of Directors.

Co-founder and CEO Jack Dorsey has assured all top merchants via email that Square isn’t losing focus on small businesses but rather, the company believes this will boost Square merchant awareness across the board. His email is below:

I am pleased and proud to announce that today Starbucks signed up for Square ...

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