Reuters: Small Business News: Payment provider Square scraps gift card service

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Payment provider Square scraps gift card service Jun 27th 2013, 21:56 SAN FRANCISCO | Thu Jun 27, 2013 5:17pm EDT SAN FRANCISCO (Reuters) - Payment start-up Square Inc scrapped its gift card service less than a year after the payments start-up launched the effort. "Square gift cards were a fun way to send gifts from local businesses to anyone over the holiday season," a Square spokesman said. "They are no longer available for purchase." Square, which competes against eBay Inc's PayPal division, launched the gift card service in December, letting people buy gift cards for friends or family at businesses that accepted the company's Square Wallet mobile payment application.

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