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- - Square Cash (https://gfy.com/showthread.php?t=1123678)

Markul

10-16-2013 12:27 AM

Square Cash

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

Looks interesting.

fitzmulti

10-16-2013 12:37 AM

Quote:

Originally Posted by Markul (Post 19836198)

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

10-16-2013 12:56 AM

Looks cool!

Alex1776

10-16-2013 02:00 AM

What's the $limit?

Markul

10-16-2013 02:03 AM

Quote:

Originally Posted by Alex1776 (Post 19836258)

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 03:35 AM

Quote:

Originally Posted by Markul (Post 19836261)

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 03:47 AM

Quote:

Originally Posted by RevSand (Post 19836319)

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 04:47 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 06:18 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 11:53 AM

Let everyone know how it works out.

RevSand

10-18-2013 04:56 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 10:52 PM

Perfect, just what I need.

Arnox

10-18-2013 11:08 PM

The question we really need to know:

How are they profiting from this?

1080p Content

10-19-2013 01:13 AM

Quote:

Originally Posted by Mike_Teencash (Post 19839739)

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 01:18 AM

Quote:

Originally Posted by Arnox (Post 19840444)

The question we really need to know:

How are they profiting from this?

Gaining market share...

RevSand

10-19-2013 02:07 AM

Quote:

Originally Posted by 1080p Content (Post 19840566)

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..

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