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Square Cash

square.com

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Re: Square Cash

#291

Post by lostlogin »

3Pi wrote: post #193
lostlogin wrote: post #114

Earlier quoted context omitted.

I actually laughed at that. Every bank here is the same and we supposedly have some of the safest banks in the world. Im limited to an 8 character password, and the other banks here are little better. New Zealand.

Which bank are you with? Having had accounts with 4 major banks here (Kiwibank, ANZ, Westpac, ASB), I can confirm that you are allowed passwords more than 8 characters. Also, several of them offer a second protection level for logging in.

ASB. How did you get a long password? It just deleted the characters at the end when I tried (6 months ago).

Re: Square Cash

#292

Post by elwell »

If they are really losing 0.05% + 22¢ every transaction, then Venmo should use Square Cash to make a lot of large transactions, forcing them into bankruptcy.

Re: Square Cash

#293

Post by maerF0x0 »

ketralnis wrote: post #29
maerF0x0 wrote: 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.

I'm not sure the source of your frustration. The idea was to be funny and hint at the fact that email is not that secure. I wouldnt feel secure sending more than $8 on this platform... How am I to know that my email (or packets as part of the transmission) are 1) Encrypted, 2) Not tampered with 3) From whom they claim to be from.

email guarantees none of those traits 1. Encryption from server to server is optional, 2. Who knows how many MXs are hit until it finally makes it to my mailserver 3. Mailservers have know authentication mechanisms that ensure someone cannot send mail on my behalf.

Yes, well configured mail servers will make attempts at these things through SSL/TLS connections, doing direct connections only (no proxies/relays) and by only accepting mail from servers listed as MX servers or with SPF records etc.

Thanks for the -4pts.

Re: Square Cash

#294

Post by chockablock »

abalone wrote: post #185

The most stunning part of this is the "free" part. The Durbin amendment regulates the cost of debit transactions over the Visa/Mastercard network. It's $0.22 + 0.05%. Mossberg reports that Square is planning to monetize via "premium options" like international transfers. But still, $0.22+ is a lot to lose every time someone uses your mass-market service. Good thing they raised $341M of VC money. Who said the dot com…

Upthread [0] someone mentioned these transactions are being processed as 'refunds'. Perhaps these transactions are not required to use the same fee structure?

0: https://news.ycombinator.com/item?id=6560373

Re: Square Cash

#295

Post by 3825 »

anoncowherd wrote: post #257
downandout wrote: post #81

Earlier 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…

>> 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. .. Aaand it's not an accident either.

Is that to meet the money laundering/auditing requirements?
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