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Square Cash

square.com

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Re: Square Cash

#281

Post by hiddensanctum »

meritt wrote: post #40

Seems 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 agree. Security is definitely a major concern for me. Still a cool concept though

Re: Square Cash

#282

Post by thaumasiotes »

kudu wrote: post #274
thaumasiotes wrote: post #234

Earlier quoted context omitted.

Frankly, if you're that interested in tracking what your children have and haven't bought, online purchases are likely to be easier, in that they come to your home through the mail. The general categories of things that children are commonly restricted from buying: - Drugs. These are all black market, so availability of prepaid cards is unlikely to change how they're bought. - Alcohol. I've never tried to buy this on…

> - Birth control pills? Exactly the kind of thing teenagers should be able to buy without their parents' consent.

You won't find me disagreeing with that, but the fact is birth control pills are controlled.

Re: Square Cash

#283

Post by thaumasiotes »

untothebreach wrote: post #240
thaumasiotes wrote: post #234

Earlier quoted context omitted.

Frankly, if you're that interested in tracking what your children have and haven't bought, online purchases are likely to be easier, in that they come to your home through the mail. The general categories of things that children are commonly restricted from buying: - Drugs. These are all black market, so availability of prepaid cards is unlikely to change how they're bought. - Alcohol. I've never tried to buy this on…

> in that they come to your home through the mail. Says who? Who says they couldn't send a package to a friends house, or a workplace?

If they have a workplace, all hope is lost.

How would you react to receiving a package in the mail for your son's friend?

Re: Square Cash

#284

Post by user24 »

woah wrote: post #206
ketralnis wrote: post #47

Earlier quoted context omitted.

The US equivalent is ACH, which has the major downside that using only the bank ID (routing number) and account number you can effectively wipe out the target's account. It's up to your bank (or whatever ACH proxy) to keep you from doing that, not to the interchange, both legally and technically. ACH also takes several days to work, and has a wide window for either bank to declare the transfer fraudulent, so many ban…

Could just use bitcoin.

surprised to see that this is the only mention of XBT in this thread.

Seems to me like square cash is comparable to the extremely low friction nature of XBT to XBT transactions, but with fiat currency.

I'm not saying square did this in response to bitcoin, just that it's scratching the same (or a similar) itch.

Re: Square Cash

#285

Post by brongondwana »

IanCal wrote: post #219
meritt wrote: post #40

Seems 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…

> The automatic-authorization appears to only apply when it's between two previously validated parties. This doesn't feel quite right, as you describe it you'd validated that it's ok to receive money from them, not send it. I'd be more comfortable if it was validated in some way when you first send something to a person. Receiving money doesn't mean I trust a person. I could send you a dollar, and when you accept it…

You're right, DKIM doesn't sign the message-id, which is the obvious de-duplication mechanism. What a half-arsed oversight.

Re: Square Cash

#286

Post by tbarbugli »

kudu wrote: post #274
thaumasiotes wrote: post #234

Earlier quoted context omitted.

Frankly, if you're that interested in tracking what your children have and haven't bought, online purchases are likely to be easier, in that they come to your home through the mail. The general categories of things that children are commonly restricted from buying: - Drugs. These are all black market, so availability of prepaid cards is unlikely to change how they're bought. - Alcohol. I've never tried to buy this on…

> - Birth control pills? Exactly the kind of thing teenagers should be able to buy without their parents' consent.

you need a prescription from a doctor to buy that ;)

Re: Square Cash

#287

Post by skore »

viiralvx wrote: post #280
downandout wrote: post #66

Earlier quoted context omitted.

That was my first impression. I could rip the site, post it to my own domain, and start sending out emails saying "you've got cash, give me your credit card number so we can credit it" in about 10 minutes. Great concept, and I plan to use the service, but as it gains momentum and acceptance, it's going to be a great attack vector for the Nigerians.

As a Nigerian, I'm offended. You know, other countries scam too!

After getting to know a Nigerian[0], I must say this constant jab against Nigerians is getting annoying to me as well.

[0] http://valanx.org/index.php?option=com_content&view=article&...

Re: Square Cash

#288

Post by andygates »

user24 wrote: post #284
woah wrote: post #206

Earlier quoted context omitted.

Could just use bitcoin.

surprised to see that this is the only mention of XBT in this thread. Seems to me like square cash is comparable to the extremely low friction nature of XBT to XBT transactions, but with fiat currency. I'm not saying square did this in response to bitcoin, just that it's scratching the same (or a similar) itch.

Now, if only I could Square my BTC into somebody's fiat account without friction...

Re: Square Cash

#289

Post by jsumrall »

bloopletech wrote: post #231
foundlogin wrote: post #162

Earlier quoted context omitted.

I didn't even bother trying. I knew it wouldn't do what it said because I'm not in America. I've sent cash to other countries before but this isn't cash so it can't possibly work. IT would be nice if they clearly listed who can't use it to save people's time.

Just a note, for most countries, the best non-cash way to send money is an international wire transfer (sometimes called a telegraphic transfer). This is _not_ western union. which is ludicrously expensive, it's done bank to bank.

Every international wire transfer I've seen offered by my banks has costs at least $15 - $25.

Here in NL, its so much each to use send someone money: They tell you their IBAN, you grab your Random Reader and enter you pin and get a secure code to authorize the payment, and it's done. There's not even a market for companies like Square, since the banking system is designed to handle these typical situations. People here look at me like I'm crazy when I say that if I want to give someone money I either have to use PayPal/Square or just cash.

Re: Square Cash

#290

Post by untothebreach »

thaumasiotes wrote: post #283
untothebreach wrote: post #240

Earlier quoted context omitted.

> in that they come to your home through the mail. Says who? Who says they couldn't send a package to a friends house, or a workplace?

If they have a workplace, all hope is lost. How would you react to receiving a package in the mail for your son's friend?

Oh I know how I would react, but that doesn't mean every parent would react that way.
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