Introducing the Square Stand
squareup.com
Introducing the Square Stand
1–10 of 64 posts
Re: Introducing the Square Stand
#2[deleted]
Re: Introducing the Square Stand
#3What an absolutely brilliant & simple move by Square. POS register systems are a huge, costly market and this is an incredibly attractive option, esp at that price - talk about disruption! Nice job guys!
Re: Introducing the Square Stand
#4I'm not sure who this is for. Square originated as a simple way for individuals and very small businesses to take credit without a massive investment. Evidently, businesses also took interest in such a product.
However, a $300 kiosk is probably out of the realm of possibility for many one-man operations. At the same time, the business demographic to which they are appealing with this (larger established businesses that need a physically-integrated register solution) is already competed over by a plethora of companies.
The whole point of Square was to occupy the niche of hyper-small operations and forsake the market for large businesses. Not only are they competing with the established companies like Verafone, but also with the dozen or so other companies that target larger businesses with iPad register solutions. I'm not sure if they will be able to compete.
That's not to say that this will be unsuccessful. Obviously, Square has had some success in penetrating the large-business market. I don't know. Maybe Starbucks will buy 10,000 of them or something. It just seems like a more volatile and crowded market...
Re: Introducing the Square Stand
#5The pricing makes very little sense to me...Square already sells Business in a Box for $250 with a cash drawer and $500 if you want a receipt printer. This stand costs six times as much as similar options (http://amzn.to/102UtKn) and the only real improvement is the long track.
If you've ever spent a day swiping credit cards with a Square reader, though, that long track will look mighty attractive...
The market for this: trendy premium SF coffee shops.
Re: Introducing the Square Stand
#6I don't really get it, are they only using the magnetic strip and not the chip on the card?
Re: Introducing the Square Stand
#7I'm not sure who this is for. Square originated as a simple way for individuals and very small businesses to take credit without a massive investment. Evidently, businesses also took interest in such a product. However, a $300 kiosk is probably out of the realm of possibility for many one-man operations. At the same time, the business demographic to which they are appealing with this (larger established businesses th…
There are already a couple coffee shops and at least one fairly nice restaurant using iPads and Square this way in Boulder. I can see a lot of reasons why this could be an effective strategy, with benefits on all sides.
One thing though: while e-mailing myself receipts for business dinners is a nice-to-have feature, I am curious to know more about the privacy implications (probably wouldn't take but a moment to find out).
Re: Introducing the Square Stand
#8I'm a bit surprised they went for that cheesy white plastic look. That seems like it would stand out in most retail stores. Stainless or black is much more appropriate.
Re: Introducing the Square Stand
#9The pricing makes very little sense to me...Square already sells Business in a Box for $250 with a cash drawer and $500 if you want a receipt printer. This stand costs six times as much as similar options ( http://amzn.to/102UtKn ) and the only real improvement is the long track. If you've ever spent a day swiping credit cards with a Square reader, though, that long track will look mighty attractive... The market for…
I assume the market is just people who are using homegrown versions of this, and $300 isn't that much for a nice upgrade.
Re: Introducing the Square Stand
#10What an absolutely brilliant & simple move by Square. POS register systems are a huge, costly market and this is an incredibly attractive option, esp at that price - talk about disruption! Nice job guys!
I've already seen quite a few shops/bars using iPads as POS registers. This particular aspect is Square following with what's out there.
Not that Square isn't disruptive in other ways.