Just days after landing an investment from Visa, mobile payments startup Square is already breaking records in how much money it processes via its iOS/Android dongle.
"Wow. @Square has already processed over $2,000,000 in card payments today (and it is far from over)!," CEO and Jack Dorsey reported on his Posterous blog.
In a statement to Mashable, a Square rep confirmed the single-day $2 million transaction figure represents a new milestone for the startup.
"Square is becoming the default way for small businesses, sole proprietors and entrepreneurs to get paid," said the spokesperson. "We're growing, adding 100,000 merchants per month. We processed $66 million in Q1 and anticipate tripling that this quarter."
In addition to the vote of confidence from Visa, Square has also received a helping hand from Apple which, as of April 19, sells the startup's card reader in 235 U.S. Apple retail stores and online.