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Square Cash

square.com

21–30 of 295 posts

Re: Square Cash

#22

Hmm neat, however what benefits do I get using this when it's also built into Gmail and provided directly by Google Wallet? http://www.google.com/wallet/send-money/

[deleted]

Re: Square Cash

#23
post #6

>Free. Actually Free. Ok now I'm confused. I realize it's probably a marketing ploy, but how could the fees on this not eat them alive?

There may be some fees for them here, but it's not like they are paying 2.7% per transaction. It only uses debit (not credit) cards.

Re: Square Cash

#24

Hmm neat, however what benefits do I get using this when it's also built into Gmail and provided directly by Google Wallet? http://www.google.com/wallet/send-money/

Because sending money is free using a debit card? GW and bank accounts are free, but there's a 2.9% transaction fee for debit cards.

Source: http://www.google.com/wallet/send-money/

Re: Square Cash

#25

Hmm neat, however what benefits do I get using this when it's also built into Gmail and provided directly by Google Wallet? http://www.google.com/wallet/send-money/

Because you don't use gmail? Because your target doesn't use gmail? Because you're already a square user and not a Google Wallet user? Because you'd like to use a debit card without paying a fee? Because you like the letter S better than you like the letter G?

Re: Square Cash

#27
post #15

And composing an email to send someone money is secure how? What stops someone from spoofing my email address, CC'ing it to cash@square.com, and clearing me out? And if someone does get in to my email account I'm toast?

Apparently, for suspicious activity, they'll send you an email back confirming the transaction. I would hope that most large-scale modern email services somehow sign emails to vouch for their authenticity to avoid email spoofing. I'd be curious how they handle dumb senders (I'd assume with a verification every time).

Re: Square Cash

#28
This is my favorite type of product. Here's why:

- Take an existing known medium (in this case email) and makes it way more useful.

- They didn't try to build a bunch of new UI for connecting your Facebook so you can find and invite and pay your friends, paying out to your card, etc.

- It magically hides the messiness of an enormously complex problem (fraud, different types of debit cards & banks all over the world) behind a very simple interface.

- Unlike every other P2P payment system, I can actually sign up and receive money (or convince my friend to) using only what's in my pocket (debit card)... not hunting down ACH/wire details.

Re: Square Cash

#29
post #8

NSA will start to deposit the cash you send, its just "Metadata"

I understand the attempt to farm karma by mentioning the NSA in every single unrelated thread, I'm just surprised that this is the best that you could do. Surely there's a better story to be told in monitoring financial transactions (which they actually do) than in pretending that they're going to steal the $8 you sent to your buddy for beer.

Re: Square Cash

#30
post #15

And composing an email to send someone money is secure how? What stops someone from spoofing my email address, CC'ing it to cash@square.com, and clearing me out? And if someone does get in to my email account I'm toast?

You’ll receive a reply from Square asking you to link a debit card."

So you need to confirm it (and provide a debit account) I guess - but not sure how subsequent transactions are handled.

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