Squareup Europe Ltd (United Kingdom) is an electronic money institution authorized and regulated by the Financial Conduct Authority. Squareup Europe is focused on payment solutions for businesses. The company offers payment terminals, payment gateways, card acceptance to merchants. In 2022 Squareup Europe Ltd had total assets of 222.31 mln GBP, and generated net income of 16.65 mln GBP. During 2022 the company had 4 employees in average.
13 August 2024, by Anna Mileiko
TheBanks.eu has developed a proprietary methodology to assign ratings to payment institutions based on their operating environment, company background, business model, market niche, product range, transparency, customer support and customer sentiment. According to the methodology, Squareup Europe Ltd is assigned the overall rating 3.44 (good) which is explained in details below.
| Operating Environment | Very Friendly | (4.81) |
| Product Range | Narrow | (1.54) |
| Market Niche | Narrow | (2.48) |
| Company Background | Very Strong | (4.71) |
| Customer Support | Poor | (1.92) |
| Customer Sentiment | Excellent | (4.37) |
| Transparency | Very High | (4.42) |
| Overall Rating | Good | (3.44) |
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TheBanks.eu has also identified the following pros and cons of the company:
Payment gateway offered by Squareup Europe allow to accept the following payment methods:
| Standard plan | Premium plan | |
|---|---|---|
| EEA cards | 1.4% + 25c + VAT | 1.4% +15c |
| UK/Non-EEA cards | 2.9% + 25c + VAT | 2.9% +15c |
Squareup Europe is neither registered with the Financial Conduct Authority (FCA) as a crypro asset firm, nor offers any crypto assets services.
From January 2020, firms carrying out specific cryptoasset activities in the United Kingdom need to comply with the amended Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 (MLRs) and to register with the FCA.
Squareup Europe Ltd is not registered with the FCA as a crypro asset firm.
Squareup Europe do not offer crypto assets services.
| GBP | 2021 | 2022 | change (%) |
|---|---|---|---|
| Total Assets | 45,277,582.00 | 222,314,325.00 | +391.00% |
| Turnover | 25,075,126.00 | 43,038,256.00 | +71.64% |
| Gross Profit | 12,182,102.00 | 23,734,076.00 | +94.83% |
| Net Income | 7,997,305.00 | 16,648,330.00 | +108.17% |
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 25 (-3) |  Paymaster 1836 Ltd | 0.72 % | 234.70 mln GBP (-1.22%) |
| 26 (+22) |  Squareup Europe Ltd | 0.69 % | 222.31 mln GBP (+391.00%) |
| 27 (-4) |  Paysafe Financial Services Limited | 0.67 % | 261.01 mln USD (-13.13%) |
United KingdomSquareup Europe Ltd is authorized by the Financial Conduct Authority as a e-money institution (reference number 900846) for issuance of electronic money, distribution and redemption of electronic money, placing cash to a payment account, withdrawing cash from a payment account, execution of payment transactions on a payment account (not covered by a credit line), execution of payment transactions on a payment account (using a credit line), issuing payment instruments or acquiring payment transactions, money remittance, execution of payment transactions via telecoms, IT system or network operator; the authorization was granted on 15 March 2018.
Squareup Europe Ltd is not a bank, it can't collect deposits from public or loan out its clients’ money. Hence, it does not have to participate in deposit guarantee schemes. However, Squareup Europe is required to safeguard its customers’ money.
Since January 2021, Squareup Europe Ltd can not conduct its activities in EEA member states. Squareup Europe Ltd keeps providing its services to EEA-based customers via Squareup International Limited (Ireland).
Squareup Europe Ltd is a SWIFT member.
250 Tottenham Court Road London, W1T 7QZ, London, United Kingdom
+44 02034570779EnglishSquareup Europe has profiles on the following social networks:
Ireland
Lithuania
Lithuania
Ireland
United Kingdom
Switzerland
payment solutions for businesses 
