SAN FRANCISCO, CA -- (Marketwire) -- 12/10/12 -- Square, the company making commerce easy for everyone, has launched a new way to send meaningful gifts to friends anywhere; Square gift cards. There are now a quarter of a million local businesses across the country accepting gift cards. Using Square Wallet on their phone, customers can treat their friends to their favorite local business.

Square gift cards are fun to send and fun to use. Anyone can share a local shopping experience with her friends and family instantly from their phone. Square Wallet automatically saves gift cards so customers can easily redeem them.

"I just sent my parents a gift to their favorite bookstore, Left Bank Books in St. Louis," said Square co-founder and CEO Jack Dorsey. "It's incredibly fun to give my friends unique and meaningful gifts, treat them to their favorite neighborhood places, all from my couch."

Cask Store, an artisanal beverage purveyor in San Francisco, sees a spike in sales around the holidays from people buying gifts. "We find a lot of customers have a hard time deciding exactly what to get their friends and family," said Doug Dalton, owner of Cask. "Gift cards make it easier for people to come in and choose their perfect bottle of wine -- which makes everyone happy."

Historically gift card programs have been complicated, cumbersome and expensive for businesses. Square enables businesses to seamlessly accept gift cards at no additional cost with no additional tools.

Square Wallet is the easy and fast way to discover nearby businesses, earn rewards and pay with your phone. Customers can pay with Square Wallet at over 250,000 businesses in the U.S., including Starbucks.

About Square, Inc.
Square is making commerce easy for everyone. Starting with a free mobile credit card reader for the iPhone, iPad, and Android devices, The Mobile Card Reader from Square allows anyone to accept credit cards anywhere, anytime. Square Register serves as a full point-of-sale system for businesses to accept payments, track inventory, and share menu and location information. Square Wallet, available in the US, is the most seamless way to pay, enabling individuals to pay at their favorite local businesses, discover new ones nearby, explore menu listings, and store receipts. Founded in 2009, and headquartered in San Francisco, Square is currently available in the U.S. and Canada. More information is available at www.squareup.com

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