Did Square just kill Dwolla?
Square Cash
141–150 of 295 posts
Re: Square Cash
#142I've been using Square Cash for a few months, and it's worked flawlessly. (A friend used it to send me money, and I jumped on the bandwagon; didn't even realize it was pre-release!) Square is attacking the consumer payment market from all angles, and I think it has the potential to become one of the biggest companies of this bubble!
Re: Square Cash
#143I want to learn more! The Help page is a 404 though: https://squareup.com/help/en-ca/topic/139 What banks does this work with?
I wanted to do the same, to figure out how they make their money, but also a 404: https://squareup.com/help/en-ca/topic/139-square-cash
Looks like the help in only available in US English. If that is the case, and it looks like they are using some sort of CMS, then it should be fixed up and and content fallback to something useful rather than a 404. This is a link off the landing page on a site with very little content, pretty unacceptable in this day and age (but for now there is the benefit of doubt to assume you are doing a beta run for feedback).
Re: Square Cash
#144I want to learn more! The Help page is a 404 though: https://squareup.com/help/en-ca/topic/139 What banks does this work with?
[deleted]
Re: Square Cash
#145Re: Square Cash
#146Seems to work amazingly although I'm a bit concerned about the security. A friend sent me $1. I get an email from square, link to website where I entered my debit #, expiry and postal. It deposited directly to my debit card (I didnt even know you could do that). The deposit already arrived! "Checking Card Adjustment POS Pin (Credit) $1.00" So I sent him $1 back (to: my friend, cc: cash@square.com, subject: $1). And i…
I just found a major limitation with this thing. It blocks payment from any prepaid Visa/Mastercard - even reloadable cards attached to virtual checking accounts that support ACH (payroll cards, Netspend, etc). That eliminates payments from a huge section of the population. http://prntscr.com/1xm5le Another issue: if you make a mistake on the initial email, and want to send a different amount, you're out of luck. Whe…
> with no way to cancel the mistaken one.
I see a "cancel" link in the email Square Cash sends me.
Re: Square Cash
#147Earlier quoted context omitted.
I'm going to guess with credit cards. Credit card numbers are much safer to use online than debit cards, mostly because credit card dispute mechanisms give consumers a lot more power. If a merchant behaves in an unsavory way, with a credit card you can usually just call your bank, issue a chargeback and that's the end of it. You can't do that with a debit card.
This is wrong. You absolutely CAN dispute charges with debit cards. The problem OP might have with debit cards could be that a fraudulent charge temporarily locks cash funds (with debit card) instead of credit availability (with credit card).
Ah, thanks for the clarification.
Re: Square Cash
#148I don't really care about that new feature, but man, I love that background video playing with the animation.. Is there a library to help create that? Seems like it's a with some animation css on top of it?
Re: Square Cash
#149Earlier quoted context omitted.
I just found a major limitation with this thing. It blocks payment from any prepaid Visa/Mastercard - even reloadable cards attached to virtual checking accounts that support ACH (payroll cards, Netspend, etc). That eliminates payments from a huge section of the population. http://prntscr.com/1xm5le Another issue: if you make a mistake on the initial email, and want to send a different amount, you're out of luck. Whe…
> with no way to cancel the mistaken one. I see a "cancel" link in the email Square Cash sends me.
I did notice that there is a cancel link in the original email - a very small link at the bottom - but they should make it possible to remove any of the transactions it tries to compile together on the sending screen. Having to go back, find the email, and hit the cancel link after you realize that they are including transactions that you had no intention of completing isn't exactly intuitive. There is also nothing anywhere that says that this is the procedure required.
Re: Square Cash
#150They're obviously taking a loss on this (due to credit card fees) if the recipient gets the full amount sent. So this must be a loss-leader that's building up to something else where they expect to make a ton of money. That "something" is most likely just "replacing cash and cards", but will be interesting to see how it plays out. It's a bold move regardless. EDIT: I meant debit card transaction fees, not credit card…
I believe that Amazon Payments is the only system that lets you pay someone with a credit card, although it's limited to $1,000/month (otherwise people abuse it, sending cash to each other to rack up points on their credit cards).
I believe Amazon Payments charges 2.9% + $0.30 per transaction, which would not make it an effective way to rack up reward points.