Posted: 5/11/2010 7:50:58 AM EDT
https://squareup.com/
just signed up for this.. i think its VERY neat .. how many of us do "side jobs" like work on cars.. hell what ever ,, and wish they could take that persons debit card and get paid .. well i do and i wonder how this will work .. anyone use this? its new so maybe not that many, im excited about this.. yes i know that many people will say i would not hand you my card... im OK with that ... go ahead and take your car to the shop and let them rape you.. 
selling your stuff at a swap meet and the guy changes his mind while going to the ATM impulse buyers are MINE < now i need stuff to sell > wonder if I can do my illicit drug sales using this..
play money here i come.. < read .. man whoring on craigslist .. gere i come... 
can you imagine telling the stripper .. hey im out of cash and the ATM here is out of order.. and she reaches for this.. lol. thats ok sweetie.. just sign here,, |
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I checked it out just now. This is AWESOME. The thing I don't like about other "mobile payment" options, is that they always seem to require having your "customer" (random dude who wants to give you money for something) signing up for their service. It makes it a pain in the ass. All I've ever wanted, was an easy way (without a proper merchant account) to take credit cards. Side jobs, things I sell on craigslist, etc. Right now, the only easy way for two individuals to exchange more than a trivial amount of money is to either write a check, or withdraw cash. Either way, somebody's making a trip to the bank, and it sucks. This sounds awesome. |
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Could be a nice alternative for me. I use PayPal Virtual Terminal at my office and it's $30/month plus a percentage based on $ amount of transaction. I can process payments on my phone now with the web interface but this seems a little slicker; and PayPal is anti-gun. |
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Nextel used to offer a phone with a card slider on it. think the appeal to this is you don't need a merchant act . so far most everything out there a. ties in to your existing merchant acount.. or b. signs you up for a new one.,, ' this is a " regular" persons way to get into the game... then get out if its not for them with no fees/penalties for recurring monthly fees./ contracts or maybe there is another way but i just don't know about it,, cause im a normal guy that was surfing engadget when i saw this,
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There is no way in hell I would trust the security of any such device or app for that purpose. I have VERY good info that mobile banking is extremely insecure. 
Did you sleep at Holiday Inn last night? Sure didn't. I know a guy who is very high up in BofA's network security dept who strongly recommends against using mobile banking because of egregious security flaws. Of course, I'm just some dude on the interwebz so you can do as you wish. Just passing along the info. |
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There is no way in hell I would trust the security of any such device or app for that purpose. I have VERY good info that mobile banking is extremely insecure.
Did you sleep at Holiday Inn last night? Sure didn't. I know a guy who is very high up in BofA's network security dept who strongly recommends against using mobile banking because of egregious security flaws. Of course, I'm just some dude on the interwebz so you can do as you wish. Just passing along the info. The 'flaws' have to do with the security of the devices themselves, not necessarily the fact that they are mobile. |
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There is no way in hell I would trust the security of any such device or app for that purpose. I have VERY good info that mobile banking is extremely insecure.
Did you sleep at Holiday Inn last night? There are plenty of wireless terminals around, the issue I see with this is that without the ability to swipe cards you're paying mid qualified at best and non qualified at worst. If you process more than 2k or so per month you're much better off finding a solution that lets you swipe a card |
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There is no way in hell I would trust the security of any such device or app for that purpose. I have VERY good info that mobile banking is extremely insecure.
Did you sleep at Holiday Inn last night? There are plenty of wireless terminals around, the issue I see with this is that without the ability to swipe cards you're paying mid qualified at best and non qualified at worst. If you process more than 2k or so per month you're much better off finding a solution that lets you swipe a card this HAS a card swipper thingamajob,, thats the cool thing about it.. edit: now how that effects rates.. i dont know,. |
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From my understanding of their website, they send you a free card swiper thingy. Quoted: Quoted: Quoted: There is no way in hell I would trust the security of any such device or app for that purpose. I have VERY good info that mobile banking is extremely insecure. Did you sleep at Holiday Inn last night? There are plenty of wireless terminals around, the issue I see with this is that without the ability to swipe cards you're paying mid qualified at best and non qualified at worst. If you process more than 2k or so per month you're much better off finding a solution that lets you swipe a card |
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here are the rates,,
What are Square's rates? Square's card processing rates are: * 2.75% + 15¢ for swiped transactions * 3.5% + 15¢ for keyed transactions what are "normal" merchant acount rates.. not that im getting one anyway since not having one is the reason for this service. edit: i always see add 3% for CC transactions at gunshows.. so is it really that far off ? |
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Quoted: here are the rates,, What are Square's rates? Square's card processing rates are: * 2.75% + 15¢ for swiped transactions * 3.5% + 15¢ for keyed transactions what are "normal" merchant acount rates.. not that im getting one anyway since not having one is the reason for this service. edit: i always see add 3% for CC transactions at gunshows.. so is it really that far off ? In the ballpark for what my small business uses but my CC volume is low. Mostly personal checks and cash. On a really small CC transaction of ~$300 I'll get $290, which doesn't bother me. I really like the idea of accepting payment in the field for myself and my crews. I don't have the volume to get any real preferred rate as I suspect is the case for most applications for this. OK I just signed up and it starts with a $100 transaction limit and $700 a week until they run a credit check on you. Seems sketchy as even though I have great credit MY credit doesn't matter, its the credit of the persons card I wold be swiping that is of interest but I guess this is their way of screening and a little bit of weeding out the garbage; we'll see. The card reader is free but they make it sound like it could be awhile before I see it arrive. It will be basically useless for me until they run a credit check as my average CC user will charge between $450 and $2000 a pop. Oh well, got the ball rolling so we will see. |
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here are the rates,, What are Square's rates? Square's card processing rates are: * 2.75% + 15¢ for swiped transactions * 3.5% + 15¢ for keyed transactions what are "normal" merchant acount rates.. not that im getting one anyway since not having one is the reason for this service. edit: i always see add 3% for CC transactions at gunshows.. so is it really that far off ? In the ballpark for what my small business uses but my CC volume is low. Mostly personal checks and cash. On a really small CC transaction of ~$300 I'll get $290, which doesn't bother me. I really like the idea of accepting payment in the field for myself and my crews. I don't have the volume to get any real preferred rate as I suspect is the case for most applications for this. OK I just signed up and it starts with a $100 transaction limit and $700 a week until they run a credit check on you. Seems sketchy as even though I have great credit MY credit doesn't matter, its the credit of the persons card I wold be swiping that is of interest but I guess this is their way of screening and a little bit of weeding out the garbage; we'll see. The card reader is free but they make it sound like it could be awhile before I see it arrive. It will be basically useless for me until they run a credit check as my average CC user will charge between $450 and $2000 a pop. Oh well, got the ball rolling so we will see. YES!! my life is complete,, i got someone else to do it also. if this is full of win.,., we will share in victory .,. if its full of fail.. im taking you down with me!!
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There is no way in hell I would trust the security of any such device or app for that purpose. I have VERY good info that mobile banking is extremely insecure.
Did you sleep at Holiday Inn last night? Sure didn't. I know a guy who is very high up in BofA's network security dept who strongly recommends against using mobile banking because of egregious security flaws. Of course, I'm just some dude on the interwebz so you can do as you wish. Just passing along the info. Feb. 25 , 2005
Bank of America(Charlotte, NC) Lost backup tape 1,200,000 records April 28, 2005 Wachovia, Bank of America, PNC Financial Services Group andCommerce Bancorp Dishonest insiders 676,000 records June 29, 2005 Bank of America Stolen laptop 18,000 records Sept. 23,2005 Bank of America Stolen laptop with info of Visa Buxx users (debit cards) stolen record count Not disclosed Dec. 14, 2006 Bank of America (Charlotte, NC) A former contractor for Bank of America unauthorizedly accessed the personal information (name, address, phone number, Social Security number) of an undisclosed number of customers, for the purpose of committing fraud. Unknown number of records stolen. http://www.privacyrights.org/ar/ChronDataBreaches.htm Yeah, sounds like I really want to trust BofA security experts. |