Dive Summary:

• Square has announced it will expand its online presence into retail with the release of Square Market to challenge other big name online retailers like eBay and Amazon.
• The new program will allow merchants to list and sell products online without having to operate their own personal site to do so. The program also allows merchants social media integration.
• "Square Market makes local businesses accessible to customers down the block and across the country," states Square Director of Discovery Ajit Varma.

From the article:

... While Square Market vendor sites are free, Square will claim a 2.75 percent cut of each item sold. Amazon charges 99 cents per item listed, or a flat $39.99 a month for power sellers. eBay listings range from free to 30 cents per item, depending on the type of product and how many are listed. ...