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Jack Dorsey: Today Starbucks Signed up for Square

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Re: Jack Dorsey: Today Starbucks Signed up for Square

#41

Post by spullara »

jaredsohn wrote: post #40
mapster wrote: post #30

Earlier quoted context omitted.

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.

I don't know how the app works (it might already do some of this), but it would be nice if it would vibrate when you get charged and perhaps allow configuring it for a list of default purchases such that it vibrates twice if it is for a different than usual amount so you don't have to look at it.

The app has receipts and notifies you of stuff happening.

Re: Jack Dorsey: Today Starbucks Signed up for Square

#42

Post by endeavor »

ben1040 wrote: post #9
joering2 wrote: post #4

Can 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.

The cashier is just going to look at me totally lost. Even in Silicon Valley, maybe one in 100 customers is going to use Square.

I don't see the value for Starbucks customers either.

Re: Jack Dorsey: Today Starbucks Signed up for Square

#43

Post by spullara »

pbreit wrote: post #11

Interesting. Starbucks is obviously not going to use the error-prone dongles. I suspect Square will provide some sort of custom "Pay With Square" solution, perhaps tied into Starbucks' existing point-of-sale system. Any way you look at it, it's a huge deal for Square, Starbucks is absolutely the best venue for Square and likely the key building block to really push out a new checkout experience such as "Pay With Squa…

Pay with square app doesn't use the dongle at all.

Re: Jack Dorsey: Today Starbucks Signed up for Square

#44

Post by jevinskie »

faramarz wrote: post #14

This announcement makes me happy, for Square and Jack Dorsey as a young business leader. I love everything about the business idea, execution, design and tone of the overall strategy. Noteworthy points from the press release The partnership terms include: - Customers will be able to use Pay with Square, Square’s payer application, from participating company operated U.S. Starbucks stores later this fall, and find nea…

"Square will process Starbucks U.S. credit and debit card transactions":

Wikipedia says that Starbucks has $11.7 billion in revenue every year. I would assume that a majority of that revenue is through a card. I am not familiar with Square's revenue but I feel that this will at least double their transactions. Am I correct?

Re: Jack Dorsey: Today Starbucks Signed up for Square

#45

Post by eshvk »

mapster wrote: post #30
ben1040 wrote: post #9

Earlier quoted context omitted.

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.

Once square has linked your credit card is linked with your phone number and email, every time you make a transaction with that card, you get a text message/email receipt.

Re: Jack Dorsey: Today Starbucks Signed up for Square

#46

Post by k-mcgrady »

endeavor wrote: post #42
ben1040 wrote: post #9

Earlier quoted context omitted.

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.

The cashier is just going to look at me totally lost. Even in Silicon Valley, maybe one in 100 customers is going to use Square. I don't see the value for Starbucks customers either.

Why would they look at you lost? If Starbucks is implementing this they will have to train their staff in how to use it and paying by saying your name is one of the best features of the product. It will be great for Starbucks as I assume it is a much quicker way to checkout than processing a credit card and, at least where I'm from, Starbucks always has long lines.

Re: Jack Dorsey: Today Starbucks Signed up for Square

#48

Post by MBlume »

mapster wrote: post #30
ben1040 wrote: post #9

Earlier quoted context omitted.

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.

I suspect you're typical-mind-fallacying.

Re: Jack Dorsey: Today Starbucks Signed up for Square

#49

Post by [deleted] »

jevinskie wrote: post #44
faramarz wrote: post #14

This announcement makes me happy, for Square and Jack Dorsey as a young business leader. I love everything about the business idea, execution, design and tone of the overall strategy. Noteworthy points from the press release The partnership terms include: - Customers will be able to use Pay with Square, Square’s payer application, from participating company operated U.S. Starbucks stores later this fall, and find nea…

"Square will process Starbucks U.S. credit and debit card transactions": Wikipedia says that Starbucks has $11.7 billion in revenue every year. I would assume that a majority of that revenue is through a card. I am not familiar with Square's revenue but I feel that this will at least double their transactions. Am I correct?

[deleted]

Re: Jack Dorsey: Today Starbucks Signed up for Square

#50

Post by bigiain »

jevinskie wrote: post #44
faramarz wrote: post #14

This announcement makes me happy, for Square and Jack Dorsey as a young business leader. I love everything about the business idea, execution, design and tone of the overall strategy. Noteworthy points from the press release The partnership terms include: - Customers will be able to use Pay with Square, Square’s payer application, from participating company operated U.S. Starbucks stores later this fall, and find nea…

"Square will process Starbucks U.S. credit and debit card transactions": Wikipedia says that Starbucks has $11.7 billion in revenue every year. I would assume that a majority of that revenue is through a card. I am not familiar with Square's revenue but I feel that this will at least double their transactions. Am I correct?

"I would assume that a majority of that revenue is through a card."

Really? I almost never use a card for café type purchases. Maybe if I were buying a meal, but for a coffee or two I'm 99% likely to use cash.

(Note: mine is an Australia-centric view, perhaps things really are very different in the USA?)

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