Square Cash - Email money to anyone’s debit card • Hacker News Board

Re: Square Cash - Email money to anyone’s debit card

#21

Post by enricopulatzo » Mon, May 20, 2013, 9:17 PM UTC

epylar wrote: post #7

I see email spoofing being a problem with this.

I hope that the email only initiates the transfer and that the approval takes place either in the Square Register app or on their website.

Re: Square Cash - Email money to anyone’s debit card

#22

Post by blackdogie » Mon, May 20, 2013, 9:17 PM UTC

Seeing as it's pretty easy to spoof an email address, I hope that they have a BCC option with some secret email address i.e. 27272-adsa92@squareup.com . Otherwise it could be pretty easy to send money on behalf of people.

Re: Square Cash - Email money to anyone’s debit card

#23

Post by enricopulatzo » Mon, May 20, 2013, 9:17 PM UTC

epylar wrote: post #7

I see email spoofing being a problem with this.

In any event, I'm curious to find out more about their abuse prevention.

Re: Square Cash - Email money to anyone’s debit card

#24

Post by nadaviv » Mon, May 20, 2013, 9:20 PM UTC

blackdogie wrote: post #22

Seeing as it's pretty easy to spoof an email address, I hope that they have a BCC option with some secret email address i.e. 27272-adsa92@squareup.com . Otherwise it could be pretty easy to send money on behalf of people.

Or they could just reply with a confirmation link.

Re: Square Cash - Email money to anyone’s debit card

#25

Post by eridius » Mon, May 20, 2013, 9:20 PM UTC

joelrunyon wrote: post #11

freeman478 wrote: post #5

Earlier quoted context omitted.

It's 50c by transfer (payed by the sender).

So the same thing as Dwolla?

Dwolla is 25c per transfer, or free for transfers <$10.

Re: Square Cash - Email money to anyone’s debit card

#26

Post by fjk » Mon, May 20, 2013, 9:22 PM UTC

mikeevans wrote: post #17

Interesting timing with Google launching the "send money with Gmail" at IO last week.

The invite-only nature makes me think that Square has been working on this for a while, but since Google beat them to the punch they were forced to roll out Square cash ahead of schedule

Re: Square Cash - Email money to anyone’s debit card

#27

Post by downandout » Mon, May 20, 2013, 9:34 PM UTC

I assume they are processing the transaction as a refund to the recipient's card? There isn't enough detail to understand what's going on there. This looks like one of those "The investors made us put something up to start building buzz even though it isn't nearly done..." type of things.

Re: Square Cash - Email money to anyone’s debit card

#28

Post by codex » Mon, May 20, 2013, 9:39 PM UTC

nadaviv wrote: post #24

blackdogie wrote: post #22

Seeing as it's pretty easy to spoof an email address, I hope that they have a BCC option with some secret email address i.e. 27272-adsa92@squareup.com . Otherwise it could be pretty easy to send money on behalf of people.

Or they could just reply with a confirmation link.

Likely they would only do this the first time you sent money to someone, or depending on a score from their abuse prevention system.

Re: Square Cash - Email money to anyone’s debit card

#29

Post by brodney » Mon, May 20, 2013, 9:41 PM UTC

downandout wrote: post #27

I assume they are processing the transaction as a refund to the recipient's card? There isn't enough detail to understand what's going on there. This looks like one of those "The investors made us put something up to start building buzz even though it isn't nearly done..." type of things.

I already got a payment from a friend there. It works.

Re: Square Cash - Email money to anyone’s debit card

#30

Post by davidu » Mon, May 20, 2013, 9:43 PM UTC

There are many key attributes of cash that this system, despite it's ease of use, ignores.

I rarely try to be pedantic, but two fundamental attributes of cash is that it can be used without a transaction record and often anonymously.

Can this system?