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

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

#61

Post by Acen » Tue, May 21, 2013, 1:38 AM UTC

"Square Cash is only available in the United States at this time."

Anyone? Yeah sure. Keep thinking that.

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

#62

Post by zende » Tue, May 21, 2013, 1:39 AM 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.

You can send money to debit cards using the ATM rails a la Pulse, STAR, etc.

It's something we've explored at Balanced: https://github.com/balanced/balanced-api/issues/32

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

#63

Post by foxylad » Tue, May 21, 2013, 2:26 AM UTC

Fuzzwah wrote: post #41

A little off topic, but it is the reason I excitedly clicked the link.... Anyone know the best way to ship money from a US account to an Australian account? Working in the US at the moment but need to get some cash back home to pay off a cc, really don't want to get screwed with fees.

I use ozforex.com.au. They build their fee into the rate, and still seem to offer better rates than anyone else I've found.

Basically you pay into their US bank account, they pay into your Aus bank account a day later.

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

#64

Post by post_break » Tue, May 21, 2013, 2:56 AM UTC

by_Seeing wrote: post #14

freeman478 wrote: post #5

Earlier 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.

Well if they don't sit on the money for three days (in my experience) I'd gladly pay the fee. Hell I'd pay the fee just so I could use something other than paypal.

40 year old virgin: You don't get the set and I'll throw in the DVD.

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

#65

Post by fakeer » Tue, May 21, 2013, 3:08 AM UTC

Dear devs, please do not bring your half baked or invite only apps to the HN front page.

No, I am not doubting one of your Internet rights but people's time is wasted and we(at least me) feel not good having to go to a page and face a smiley saying you are not ready for me yet(or I'm not privileged enough to have an invite) and you just wanted to have my attention from miles away!

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

#66

Post by cheez » Tue, May 21, 2013, 3:14 AM UTC

davidu wrote: post #54

cheez wrote: post #31

Earlier quoted context omitted.

This is clearly a "we were out and you paid since I didn't have cash, here you go" type thing. "Square up" not "money for drugs".

But they called it "Square Cash" -- "Square Up" would actually be a terrific name.

Haha, I totally read it wrong.

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

#67

Post by Fuzzwah » Tue, May 21, 2013, 4:10 AM UTC

tghw wrote: post #53

Fuzzwah wrote: post #41

A little off topic, but it is the reason I excitedly clicked the link.... Anyone know the best way to ship money from a US account to an Australian account? Working in the US at the moment but need to get some cash back home to pay off a cc, really don't want to get screwed with fees.

Xoom.com? I used them to wire money to Argentina when I was traveling. Better rates than other exchanges and relatively low fees.

Just gave this a shot but apparently living in Arizona sucks and I have to jump through a heap of extra steps, including sending my SSN and color of underwear to them via email. Bummer.

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

#68

Post by Fuzzwah » Tue, May 21, 2013, 4:11 AM UTC

foxylad wrote: post #63

Fuzzwah wrote: post #41

A little off topic, but it is the reason I excitedly clicked the link.... Anyone know the best way to ship money from a US account to an Australian account? Working in the US at the moment but need to get some cash back home to pay off a cc, really don't want to get screwed with fees.

I use ozforex.com.au. They build their fee into the rate, and still seem to offer better rates than anyone else I've found. Basically you pay into their US bank account, they pay into your Aus bank account a day later.

Just gave this a shot but apparently they aren't regulated in Arizona (where I am).

I really do not want to grab my ankles and get screwed by paypal :(

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

#69

Post by cbhl » Tue, May 21, 2013, 4:25 AM UTC

Fuzzwah wrote: post #41

A little off topic, but it is the reason I excitedly clicked the link.... Anyone know the best way to ship money from a US account to an Australian account? Working in the US at the moment but need to get some cash back home to pay off a cc, really don't want to get screwed with fees.

I use xe.com to get money from US -> Canada after internships in the US.

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

#70

Post by HowardMei » Tue, May 21, 2013, 4:30 AM UTC

grandalf wrote: post #50

wow, amazingly clever and simple idea.

Not something new. There is a company in China www.99bill.com started email payment system 7+ years ago.

However, they failed to compete with www.alipay.com which provides free escrow service and seamless ecommerce integration.

99bill had to abandon b2c market and pick up b2b & offline market.

Email as a ATM is not 'amazingly clever' if the transactions are not protected by escrow service.