Payment service Square Apple rejected an offer to purchase for $ 3 billion Bashny.Net

Before developing its own payment solution Apple is trying to acquire financial service Square. However, representatives of the companies could not agree on the value of the deal - the team of Tim Cook offered $ 3 billion in assessing Square $ 6 billion. This сообщает TechCrunch citing its own sources in the company.

Square - a service that allows owners of mobile devices to accept bank cards.

Experts note that the solutions Square could perfectly fit in the products Apple. However, the source publication said that the company could not agree on the value of the transaction: «Apple wanted to become part of the company's Square. But did not agree on the cost of the service - Apple offers less than half the appraised value of the company - about $ 3 billion. "By the way, it is worth recalling that recently Square received funding of $ 100 million.

Meanwhile Square plans to enter the IPO. And in July of this year the chip cards are accepted throughout the United States. The company is focused on the Square of small business owners and is now working in the US, Canada and Japan. The commission amount from the transaction that takes service - 2, 75%.

Source: habrahabr.ru/company/web_payment_ru/blog/237061/