Square’s David Rusenko discusses the effect of COVID-19 on Square’s ecommerce plans

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Tearsheet Podcast: The Business of Finance

Business


Welcome to the Tearsheet Podcast. I'm Suman Bhattacharyya. As merchants face new obstacles amid COVID-19 and shelter-in-place mandates, Square is working to smooth their transition to digital. Today’s guest is David Rusenko, Square’s head of e-commerce. Rusenko, who founded website builder Weebly in 2006, has been working with Square since 2018, when Weebly was acquired by Square for $365 million. Since then, Square integrated Weebly’s platform into its e-commerce platform for sellers, which was relaunched as Square Online Store last year. The Square Online Store product suite helps merchants manage online-to-offline business integrations. It lets them manage payments, inventory, delivery and other business tasks in one place. Square joins Shopify, Facebook and Amazon that are seeking to grow their e-commerce merchant businesses. Square is growing its e-commerce chops while other ecommerce platform providers improve their financial services offerings. David joins us to discuss how COVID-19 influenced Square Online Store’s product journey, seller behavior and the next chapter for Square’s ecommerce product ecosystem.