I really do not see the benefit of this deal. Square - sure, another bunch of retailers. Starbux, not so much. NFC will take over and then square is out. can someone explain?
Jack Dorsey: Today Starbucks Signed up for Square
21–30 of 199 posts
Re: Jack Dorsey: Today Starbucks Signed up for Square
#22[deleted]
Re: Jack Dorsey: Today Starbucks Signed up for Square
#23Holy grey-on-grey readability disaster, Batman! And shouldn't 140 characters have been enough?
Skeuomorphism can be horrible if it's not done properly!
Re: Jack Dorsey: Today Starbucks Signed up for Square
#24Wow, huge deal for Square. I'm very curious what the terms of the deal are: presumably Starbucks isn't willing to pay much more than what their current processing fees are (maybe a tiny bit more for the premium of being able to use Pay with Square?), so Square must be losing a decent chunk of change in exchange for the huge marketing and growth this gets them.
Losing a decent chunk of change? How can they lose something they wouldn't otherwise have had at all? It's only normal to assume that they have special terms for Starbucks, but it doesn't mean they're losing anything. Unless you mean that Square is providing the service at a loss to Starbucks?
Yes, I would guess they are providing this service at a (slight) loss to Starbucks.
Re: Jack Dorsey: Today Starbucks Signed up for Square
#25Is this yet another middle man to suck fees out of the system? I have not kept up with Square but despise the though of yet another fee leech that is compiling a list of my purchases to sell to annoying advertising companies. /shoutAtClouds
> yet another fee leech that is compiling a list of my purchases to sell to annoying advertising companies.
Square's business model is transactional. It's not advertising based!
Re: Jack Dorsey: Today Starbucks Signed up for Square
#26Re: Jack Dorsey: Today Starbucks Signed up for Square
#27Is this yet another middle man to suck fees out of the system? I have not kept up with Square but despise the though of yet another fee leech that is compiling a list of my purchases to sell to annoying advertising companies. /shoutAtClouds
> yet another fee leech that is compiling a list of my purchases to sell to annoying advertising companies. Square's business model is transactional. It's not advertising based!
Read closer.
"compiling a list of my purchases" Visa, Amex, Discover, Mastercard... All do this and are transactional.
"to sell to annoying advertising companies" And this.
Re: Jack Dorsey: Today Starbucks Signed up for Square
#28I really do not see the benefit of this deal. Square - sure, another bunch of retailers. Starbux, not so much. NFC will take over and then square is out. can someone explain?
NFC hasn't taken over yet. Pay with Square offers something pretty close feature-wise, and is establishing residence in the market. Once NFC works well, Square can adopt it and rule.
Re: Jack Dorsey: Today Starbucks Signed up for Square
#29Re: Jack Dorsey: Today Starbucks Signed up for Square
#30Can someone explain me what it means for customers? As far as NYC goes, each Starbucks accepts Visa, Master Card, Discovery and American Express (the card that plenty businesses hate). So what is the benefit for the customers?
One cool feature about the Square mobile app is you can set up geofenced "tabs" that automatically get opened if you get close enough to an establishment. So you keep your phone in your pocket, walk into Starbucks and order a drink as you do every morning. You tell them "put it on John's tab." You get a receipt in your email immediately thereafter, and never have to pull out your phone or wallet.
I always look at my receipt upon purchase, even for a $7 latte and scone. This may require a leap of faith beyond most people's comfort zone, at least initially. But very promising.