/// Square’s New Web Marketplace Highlights Twitter Commerce Possibilities
Commerce and payments startup Square unveiled Square Market on Wednesday morning, a Web-based portal for small businesses to sell their wares online. It’s a push into the Web-based retail purchasing world, an area typically dominated by e-commerce giants eBay and Amazon, whose portals to e-shopping have completely reinvented how consumers shop in today’s online and offline worlds. The service isn’t drastically different from an eBay or an Amazon in terms of listing your items. Throw ‘em up on the Square hosted site, and you’re up and running with a homemade storefront. Handily, it’s integrated with Square’s Register product, so Square sellers will have a complete inventory of their products and sales for their records in a nice and tidy back-end setup. And in an interview with Wired , Square CEO Jack Dorsey played up the fact that users can share items for sale on Market to social networks like Facebook, Pinterest and especially Twitter. Twitter is the key here. Twitter’s “Cards” technology lets third-party developers make tweets much prettier, inserting things like photos or video inside the tweets themselves. Using Twitter’s “Product” card , a Square merchant could tweet out a link to one of their items in the Square Market, and that tweet will look much fancier in the Product template. Basically, a user can click through the tweet back to the merchant’s market place on Square’s web site. That’s not new — Etsy, eBay and other online retailers are doing the same thing. But this utilization of the Product Card is the likely jumping-off point for the direction Twitter’s commerce efforts are headed: Imagine a point in the future where instead of being linked-out to a retailer Web site to pay for an item, you could complete your transaction from within the tweet itself . It’s something that Twitter’s global revenue chief Adam Bain has hinted at for quite some time , and an idea that Dorsey, in particular, has been playing around with at both Twitter and Square for some time. According to people familiar with Dorsey’s thinking, Jack’s vision for Square’s “Card Case” product (which eventually became “Square Wallet”) was that every business didn’t have to build out their own app, or futz with tons of new infrastructure, to make e-commerce work for them. That’s still true — the “Wallet” app lets you walk into a Square business and pay without ever having to pull out a credit card. Dorsey’s thinking there also translates over to what Twitter Cards could become — a way for small businesses to publicize and potentially sell items without worrying about building a separate e-commerce app or back-end to sell them from. “The point is to highlight what’s being sold,” Dorsey told Wired , “not to emphasize that it’s Square doing the selling.” Right now, mind you, you can’t buy within a tweet.
See the rest here:
Square’s New Web Marketplace Highlights Twitter Commerce Possibilities
- 06/08/2016 • Google Beats Out Apple as the World’s Most Valuable Company at $229 Billion
- 05/19/2016 • European Union Mulls 20% Content Quota for Netflix and Amazon Prime
- 05/09/2016 • 5 Products That Could Become as Popular as Adult Coloring Books
- 03/22/2016 • How FX Bids for New Series Without the Big Budget of Netflix