Popular Articles
Today Week Month Year

Business STOPS whenever electronic payment systems go down – because nearly everything is digital and internet-based these days
By Ethan Huff // Sep 13, 2023

Millions of merchants were unable to do business this week after the popular small business point-of-sale (POS) system Square experienced a massive disruption in service.

Roughly 64 million small businesses rely on Square to process credit card transactions, generate sales reports, evaluate profit percentages and manage their inventory. When the system goes down, so does the business itself.

During the outage, which occurred midday on September 7, businesses that rely on Square were stuck unless customers paid in cash. Since so few customers pay with cash these days, there was very little business taking place that day at Square-run businesses.

"We are currently experiencing issues with multiple Square services," the company tweeted later in the evening on Thursday after forcing confused businesses to wait all afternoon for a response.

"We understand how important it is for your business that our services be up and running, and we are actively working toward a fix."

(Related: The eventual plan is for global finance to create a "super app" that combines digital identification and financial data into one ultimate control tool, claims a leading UK banker.)

Square outage proves how easy it is to pull the plug on commerce in an instant

At no point did Square offer any explanation as to why its systems went down for all that time, nor did the company provide any indication as to when its engineers might have things back up and running as normal.

When asked by the independent media for a statement, Square provided nothing but a link to a website that offered practically no information whatsoever about the interruption other than to say that the company was working on a fix.

Human knowledge is under attack! Governments and powerful corporations are using censorship to wipe out humanity's knowledge base about nutrition, herbs, self-reliance, natural immunity, food production, preparedness and much more. We are preserving human knowledge using AI technology while building the infrastructure of human freedom. Speak freely without censorship at the new decentralized, blockchain-power Brighteon.io. Explore our free, downloadable generative AI tools at Brighteon.AI. Support our efforts to build the infrastructure of human freedom by shopping at HealthRangerStore.com, featuring lab-tested, certified organic, non-GMO foods and nutritional solutions.

Pretty much all day and well into the late evening on September 7, small business owners were still locked out of their Square sign-in portals and business accounts.

"We are actively observing the recovery of all Square systems and will continue to post live updates here," the company tweeted in an update in the morning hours on the following Friday. "Thanks again for your patience."

Strangely, numerous other transaction companies suffered similar outages that very same day, including Apple Pay, Venmo, PayPal, Visa, Zelle and Cash App. All of these platforms saw customers lodging complaints about not being able to access their accounts.

"We're aware of an issue that's affecting multiple features of the app and are actively investigating," Cash App Support tweeted that day about its outage.

While Square and the others promised restoration of service as soon as possible, many small businesses and other transaction customers were unable to do any digital or card-based transactions going into the busy weekend.

"The increasingly cashless economy in the U.S. means some small businesses may be forced to shut their doors until the issue is resolved because their customers won't be able to pay digitally," reported Jordan Boyd for The Federalist.

Many agree - when the world ran on paper rather than computers, there was no such thing as an outage. And even when it was just the occasional internet outage in the early days of the web, there was still that blueprint machine for credit card and debit card transactions, and of course good old-fashioned cash (and checks).

Nowadays, though, many businesses are posting signs saying "no cash" while relying entirely on transaction systems and services like Square that when they go down leave a business helpless and bleeding revenue until the problem gets resolved – which depending on the issue and how long it takes, could make or break a business.

All it would take to shut down the world is for the internet to go down indefinitely. Learn more at Collapse.news.

Sources for this article include:



Take Action:
Support NewsTarget by linking to this article from your website.
Permalink to this article:
Embed article link:
Reprinting this article:
Non-commercial use is permitted with credit to NewsTarget.com (including a clickable link).
Please contact us for more information.
Free Email Alerts
Get independent news alerts on natural cures, food lab tests, cannabis medicine, science, robotics, drones, privacy and more.

NewsTarget.com © 2022 All Rights Reserved. All content posted on this site is commentary or opinion and is protected under Free Speech. NewsTarget.com is not responsible for content written by contributing authors. The information on this site is provided for educational and entertainment purposes only. It is not intended as a substitute for professional advice of any kind. NewsTarget.com assumes no responsibility for the use or misuse of this material. Your use of this website indicates your agreement to these terms and those published on this site. All trademarks, registered trademarks and servicemarks mentioned on this site are the property of their respective owners.

This site uses cookies
News Target uses cookies to improve your experience on our site. By using this site, you agree to our privacy policy.
Learn More
Get 100% real, uncensored news delivered straight to your inbox
You can unsubscribe at any time. Your email privacy is completely protected.