Get All Access for $5/mo

'We're Taking a Huge Risk': Small Business Owner Struggle to Process Payments Amid Square Outages Square experienced widespread outages on Thursday and Friday morning.

By Madeline Garfinkle

Opinions expressed by Entrepreneur contributors are their own.

Square and CashApp, two payment platforms used by many small businesses, have been experiencing outages since Thursday. Users are reporting they have been unable to access their accounts or perform transactions on both payment platforms.

Both companies are owned by Block Inc. (formerly Square Inc.), a San Francisco-based technology company, co-founded by Jack Dorsey in 2009, which launched CashApp in 2013.

The outages continued into Friday morning before being resolved, the company said. CashApp and Square shared updates on their websites about the outages that affected thousands of customers, wherein accessing accounts, making payments, and viewing one's dashboard was unavailable. As of Friday afternoon, CashApp said the issue is mostly fixed, but it will continue to investigate the situation.

"We've resolved a majority of the issues, but you may experience some delays," CashApp wrote on Friday. "Our team continues to monitor the situation."

As for Square, it gave a status update that all systems were functioning back to normal on Friday.

However, during the outages, some small businesses struggled to carry on amid the glitches.

Aaron Bergh, owner of Calwise Spirits Co. in Paso Robles, CA, told The San Francisco Chronicle that he was unable to process credit card payments, and had resorted to jotting down credit card details for later processing or accepting cash, limiting customer spending.

He also added that, unlike previous Square outages where he could at least record credit card information, this time he wasn't even able to access his account.

"We're taking a huge risk by letting product walk out the door with the possibility that their card may be declined when we try to process them," he told the outlet.

Madeline Garfinkle

News Writer

Madeline Garfinkle is a News Writer at Entrepreneur.com. She is a graduate from Syracuse University, and received an MFA from Columbia University. 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Starting a Business

He Started a Business That Surpassed $100 Million in Under 3 Years: 'Consistent Revenue Right Out of the Gate'

Ryan Close, founder and CEO of Bartesian, had run a few small businesses on the side — but none of them excited him as much as the idea for a home cocktail machine.

Business News

Looking for a Remote Job? Here Are the Most In-Demand Skills to Have on Your Resume, According to Employers.

Employers are looking for interpersonal skills like teamwork as well as specific coding skills.

Business News

Meta Fires Employee Making $400,000 Per Year Over a $25 Meal Voucher Issue

Other staff members were fired for the same reason, per a new report.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

'Jaw-Dropping Performance in 2024,' Says a Senior Analyst as Nvidia Reports Earnings

Nvidia reported its highly-anticipated third-quarter earnings on Wednesday.