People are all fine and dandy with the status quo until they fall on the wrong side of a dispute involving their money.
Perhaps those cryptocurrency wackos aren't so crazy after all. Perhaps.
Square Canada has a Cuban coffee issue
91–100 of 109 posts
Re: Square Canada has a Cuban coffee issue
#92Earlier quoted context omitted.
If my bank took my money, and ran off with it, and then blamed it on bad behavior of some third party that I have nothing to do with, I have two things to say: 1. Not my problem. 2. Fuck you, pay me. If they can't find counter-parties that let them do their jobs, they should not be in the business of payment processing. I don't get to pick which third parties my bank interfaces with.
They're working on refunding her the money. I'm not sure running off with it is an appropriate comparison here. They just don't want to work with clients that have a business relationship with Cuba in the future.
That is not an option if they want to continue to operate in Canada. They are in plain violation of the law if they refuse to deal with entities that deal with Cuba.
Re: Square Canada has a Cuban coffee issue
#93And this is exactly why the US domination of the payment industry is so dangerous, why companies like mastercard/VISA need to end, and why maybe sometimes it's understandable countries like Germany or Denmark have their own card systems or prefer cash. Running all transactions through companies subject to foreign laws makes you subject to those foreign laws. And there is no reason US laws should affect e.g. a Canadia…
Curious how you feel about GDPR (the EU asserts its authority to bind an American entity with servers in America running a service targeted at American consumers so long as a single EU citizen chooses to visit the site).
Only inasmuch as it pertains to the data of the single EU citizen. The American entity can do whatever they want with their American consumer data.
Re: Square Canada has a Cuban coffee issue
#94Earlier quoted context omitted.
She may have a case if she sues. It would depend on the fine print in the Square Canada agreement. If they say they process money through the US, she might be out of luck. If they don't then she has a case.
It’s probably not worth suing someone for $14000 though.
In Canada the loser pays all legal costs.
Re: Square Canada has a Cuban coffee issue
#95Earlier quoted context omitted.
They have rations to make it accessible to all, they are a poor country crippled by a long lasting embargo. Cubans are very sweet people. Their politics attempted to keep they away from american greedy companies. Just look around the caraibean region. Countries that played ball with the US are in a very bad shape, a la economic hit man and such. Cuba managed to keep the people poor but with dignity, education, health…
They are a poor country ravaged by a tyrannical regime that has lasted as long as it has because Cuba is but a slight annoyance to the US after the Cuban Missile Crisis- nothing more, nothing less. Even if there was no embargo, the Castros would still be there doing as they wish. God knows they're trying to do the same with Venezuela. EDIT: None of this means I'm pro-embargo, or into US meddling into things they have…
> ravaged by a tyrannical regime
Yes, the United States is a tyrannical regime. The embargo is an injustice.
Re: Square Canada has a Cuban coffee issue
#96They need to just give her the $14k immediately and then eat it if it's a problem. Stop processing the transactions going forward or until it's sorted out, but do not steal her money. Also, I found this distasteful: "I want to clarify that Square is not experiencing a technical glitch. While I cannot speak with you about Monica's individual case, I can tell you that Square's Customer Success team spoke with Monica ye…
This was my main takeaway from the article. Call a spade a spade. "Square's Government Fear team spoke with Monica yesterday, and she now knows the reason." It's completely legitimate for a corporation to be afraid of the government, and have a team to manage risks. It's not legitimate to call stealing $14,000 of someone's money "customer success". What Square's team did was fail the customer. That's not success.
The name is what it is. How would you feel if your company went to the media and made up some nasty name for your team because the real one sounds too positive?
Re: Square Canada has a Cuban coffee issue
#97And this is exactly why the US domination of the payment industry is so dangerous, why companies like mastercard/VISA need to end, and why maybe sometimes it's understandable countries like Germany or Denmark have their own card systems or prefer cash. Running all transactions through companies subject to foreign laws makes you subject to those foreign laws. And there is no reason US laws should affect e.g. a Canadia…
> Either we as society should go back to cash, build our own payment systems to replace the US-based solutions, or end the US hegemony that even allows the US to spread its laws this way.
I think once the initial tech boom ends and good engineering talent becomes cheaper and more abundant, we're going to see a lot of countries building their own systems for the things that governments typically have control over. Exchange of money and proof of identity will probably be highest among those.
Re: Square Canada has a Cuban coffee issue
#98Square should definitely set this right ASAP she's not doing anything against. I wonder if she had named her stand Canada Beans, would this have happened? The nerve
“Setting things right” would, in this case, potentially set Square afoul of federal law. Worse, not doing so may violate Canadian law. International law is wildly complicated and full of landmines. I suspect Square would strongly prefer to just disburse $14,000 and set things right. Unfortunately the cost of doing so potentially involves prison time for anyone who made that happen. Even something as innocuous-soundin…
Wow. Thanks for mentioning so, I had no idea is was such a widespread problem. All due to cutting corners on implementation while still wanting it to look legit.
Re: Square Canada has a Cuban coffee issue
#99Earlier quoted context omitted.
They have rations to make it accessible to all, they are a poor country crippled by a long lasting embargo. Cubans are very sweet people. Their politics attempted to keep they away from american greedy companies. Just look around the caraibean region. Countries that played ball with the US are in a very bad shape, a la economic hit man and such. Cuba managed to keep the people poor but with dignity, education, health…
They are a poor country ravaged by a tyrannical regime that has lasted as long as it has because Cuba is but a slight annoyance to the US after the Cuban Missile Crisis- nothing more, nothing less. Even if there was no embargo, the Castros would still be there doing as they wish. God knows they're trying to do the same with Venezuela. EDIT: None of this means I'm pro-embargo, or into US meddling into things they have…
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Re: Square Canada has a Cuban coffee issue
#100Earlier quoted context omitted.
By operating in Canada, Square Canada is subject to Canadian federal law: https://laws-lois.justice.gc.ca/eng/regulations/SOR-92-584/p... .
By being a US-based company, they are also subject to US law. If you believe you have a general solution to the problem of incompatible edge cases in international financial regulation, there are many, many companies who would be willing to make you a very rich person in exchange for that information.
The Square Canada corporation may still be directly prosecuted for violating the Foreign Extraterritorial Measures Act. It is designed to prevent the United States from interfering with Canadian business.
That Square Canada has a parent corporation is immaterial. Seize assets from the Canadian company to pay the $1.5 million fine for violating the act.
If this is unacceptable, then Square Canada is no longer a legitimate business and Square can't have a legally operating subsidiary in Canada.