EFTA Document EFTA01377713

S-I/A need of our sellers, managing one of their largest business expenses. In 2014. U.S. businesses were expected to spend 516 billion on payroll services. Our marketing services enable our sellers to reach and engage buyers, further increasing activity in our ecosystem. Square Customer Engagement addresses our sellers' advertising and marketing needs. Local advertising spending in the United States was expected to reach 5138 billion in 2014. according to an April 2015 BIA/Kelsey forecast.