Square Is Rolling Out a Payroll Product
Small-business owners who use Square software to process payments can now also use that same dashboard to pay their employees.
The new software is geared toward the small-business owner who pays staff by the hour, though it can also be used for salaried staff. The system automatically imports employee hours from the register and sends payments when hours are approved. Business owners can also add commission or bonus payments for each employee and manage federal and state payroll tax payments, witholdings and filings.
Square Payroll costs $20 per month, plus $5 for each employee paid that month.
The move positions Square to compete with big players such as Intuit and ADP.
To see more about how the software works, have a look at the video below: