I would like to suggest a new feature for Square to consider adding to your payroll services.
I would like to propose that Square create a "Connect" account similar to Stripe's platform that simplifies payouts and makes it free.
This feature would redefine payroll and allow businesses to issue earnings to contractors IMMEDIATELY, just like how Stripe's Connect feature operates. By offering this feature, Square can provide a solution for businesses to easily and efficiently send money to contractors, without any additional charges. Additionally, users can customize 1099s at the end of the year.
I believe this feature would be a game-changer and provide significant benefits to businesses that use Square's payroll service. Currently, payroll fees and sending payroll costs can be expensive, and it takes up to a week to send payments. By introducing this feature, Square can differentiate itself from its competitors and offer a more cost-effective and efficient payroll solution.
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