Square Cash

**fitzmulti** · 10-15-2013, 11:37 PM

Originally posted by Markul

This just came out: https://square.com/cash

Looks interesting.

Yeah it does.
I have a card swiper deal, "like" square for my phone which is via PPal...but the square/cash, looks pretty cool as an additional tool!
Thanks for posting.

**Zeiss** · 10-15-2013, 11:56 PM

Looks cool!

**Alex1776** · 10-16-2013, 01:00 AM

What's the $limit?

**Markul** · 10-16-2013, 01:03 AM

Originally posted by Alex1776

What's the $limit?

No idea. But I know someone that works for the company that built the system, I've passed the question on to him.

**RevSand** · 10-16-2013, 02:35 AM

Originally posted by Markul

No idea. But I know someone that works for the company that built the system, I've passed the question on to him.

Yes please find out.. I do not see it on there.

I would assume it might be whatever your daily debt purchase limit is. $200-$500 at most banks for "debt card purchases".

**Markul** · 10-16-2013, 02:47 AM

Originally posted by RevSand

Yes please find out.. I do not see it on there.

I would assume it might be whatever your daily debt purchase limit is. $200-$500 at most banks for "debt card purchases".

This is the reply:

250 unless you want extra security measures then 2500 USD but US only for now (the security measures).

**Markul** · 10-16-2013, 03:47 AM

Seems it's all US and I read it wrong. Anyhow, here's some more info:
https://squareup.com/help/en-us/arti...-cash-security

**1080p Content** · 10-18-2013, 05:18 AM

Indeed, looks very interesting.
No need to signup to use the service.
$250 weekly sending limit.
I don't see a receiving limit however.

Will try it!

**Mike_Teencash** · 10-18-2013, 10:53 AM

Let everyone know how it works out.

**RevSand** · 10-18-2013, 03:56 PM

I did a test of it from one account of mine to another.. Just $1.. It took about 4 days to come thru.. BUT I do not think it was a square issue.. The sending account was my paypal and they held it up in processing the money. So far so good..

**marlboroack** · 10-18-2013, 09:52 PM

Perfect, just what I need.

**Arnox** · 10-18-2013, 10:08 PM

The question we really need to know:

How are they profiting from this?

**1080p Content** · 10-19-2013, 12:13 AM

Originally posted by Mike_Teencash

Let everyone know how it works out.

One person tried to send me cash using his prepaid debit card, but seems it won't accept such cards.

In theory it works as this:

Person A sends the email TO you and CC square.com with the amount in the subject.
Then square sends an email to person A to link a debit card to his email (if first time use), and another email to person B telling that person A is sending you $x amount, and that after confirmation you will receive a link to deposit it.
When person A confirms the payment, person B receives and email with a link to deposit the money to his debit card or bank account (if first time use, otherways is auto).

**1080p Content** · 10-19-2013, 12:18 AM

Originally posted by Arnox

The question we really need to know:

How are they profiting from this?

Gaining market share...

**RevSand** · 10-19-2013, 01:07 AM

Originally posted by 1080p Content

One person tried to send me cash using his prepaid debit card, but seems it won't accept such cards.

In theory it works as this:

Person A sends the email TO you and CC square.com with the amount in the subject.
Then square sends an email to person A to link a debit card to his email (if first time use), and another email to person B telling that person A is sending you $x amount, and that after confirmation you will receive a link to deposit it.
When person A confirms the payment, person B receives and email with a link to deposit the money to his debit card or bank account (if first time use, otherways is auto).

Exactly how it worked when I was both sides of it..

Square Cash

Square Cash

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