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?
Square Cash - Email money to anyone’s debit card
31–40 of 77 posts
Re: Square Cash - Email money to anyone’s debit card
#32Re: Square Cash - Email money to anyone’s debit card
#33I 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
#34Earlier quoted context omitted.
It's 50c by transfer (payed by the sender).
Really? I wonder how they're justifying that when Paypal transfers are free.
It has a $1.50 fee.
Re: Square Cash - Email money to anyone’s debit card
#35I 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
#36Earlier quoted context omitted.
Not to be sarcastic, but this is the first time I've ever seen anyone on Hacker News say that "they're doing fine" with Paypal.
I've been using PayPal for 8 years now. Never have had a problem. I'm well aware of their actions with freezing accounts, but I think it's a hard problem when you deal with money and millions of users across the globe.
Guess I'll have to find other ways. I am surprised that Square didn't at least send out invites to their current customers. Funny I had to read about it here.
Re: Square Cash - Email money to anyone’s debit card
#37I 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
#38Re: Square Cash - Email money to anyone’s debit card
#39I 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
#40There 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?