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Old 10-16-2013, 12:27 AM   #1
Markul
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Square Cash
This just came out: https://square.com/cash

Looks interesting.
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Old 10-16-2013, 12:37 AM   #2
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Quote:
Originally Posted by Markul View Post
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.
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Old 10-16-2013, 12:56 AM   #3
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Looks cool!
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Old 10-16-2013, 02:00 AM   #4
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What's the $limit?
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Old 10-16-2013, 02:03 AM   #5
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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.
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Old 10-16-2013, 03:35 AM   #6
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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".
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Old 10-16-2013, 03:47 AM   #7
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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).
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Old 10-16-2013, 04:47 AM   #8
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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
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Old 10-18-2013, 06:18 AM   #9
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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!
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Old 10-18-2013, 11:53 AM   #10
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Let everyone know how it works out.
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Old 10-18-2013, 04:56 PM   #11
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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..
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Old 10-18-2013, 10:52 PM   #12
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Perfect, just what I need.
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Old 10-18-2013, 11:08 PM   #13
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The question we really need to know:

How are they profiting from this?
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Old 10-19-2013, 01:13 AM   #14
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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:
  1. Person A sends the email TO you and CC square.com with the amount in the subject.
  2. 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.
  3. 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).
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Old 10-19-2013, 01:18 AM   #15
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The question we really need to know:

How are they profiting from this?
Gaining market share...
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Old 10-19-2013, 02:07 AM   #16
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Originally Posted by 1080p Content View Post
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:
  1. Person A sends the email TO you and CC square.com with the amount in the subject.
  2. 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.
  3. 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..
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