Square hits $100M in sales in a single day

On Friday Square has had its first $100 million sales day, the company revealed today. The milestone comes just a month after CEO and founder Jack Dorsey revealed Square had handled¬†its 1 billionth credit card purchase. Square has now processed a transaction on one of ever four active credit cards in the U.S., and according to the San Francisco company’s own figures, if you were to look at its merchants as a collective, Square would be the 13th largest retailer in the U.S. right behind Best Buy.