m**2
发帖数: 3374 | 1 Five years ago, Square introduced a sleek card reader to the small-business
world that made it easy for everyone from taxi drivers to craft sellers to
coffee shop owners to accept credit card payments for the first time. On
Monday, Square is unveiling another card processing service that it believes
will allow even more entrepreneurs, artists and business owners to ditch
cash and check payments for card payments.
The new service is an extension of the Square Cash payment system that
Square launched in 2013. That service lets individuals transfer money to
another person via email or the Square Cash app through a link to a debit
card. Now, small businesses, artists and nonprofits can start receiving
debit payments via the Square Cash payment system, too, as Square attempts
to increase the volume of payments it processes, which makes up the vast
majority of its revenue.
Here’s how it’ll work. Starting Monday, any individual, business or
nonprofit can create a Square Cash username — or $cashtag, in Square
parlance — that consists of a dollar sign followed by a name, such as $
DelRey. With that username, a person or business can automatically set up a
simple payment page at https://cash.me. Mine, for example, is cash.me/$
DelRey.
When visitors land on that page, they are greeted with a big box to enter a
dollar amount for a payment. Next, they enter a debit card number,
expiration date, the CVV code on the back of the card, and ZIP code. If they
haven’t previously signed up for Square Cash, they’ll also enter their
name and phone number or email address to activate a new account and receive
an email receipt of their transaction. Payment complete. (If you really
want to try it out, my cash.me page above is indeed live. The good folks at
Re/code do pay me, but there’s nothing like a little monetary tip from
loyal readers to boost your self esteem on a Monday morning. Plus — and
this may be TMI — I really could use a new suit for the Code conference
since the only one I own has recently become a little snug in all the wrong
places.)
The idea is that small-business service providers such as contractors,
wedding photographers or musical instructors could have customers pay
quickly at their Cash.me page instead of relying on cash or check payments.
Square believes nonprofits will be attracted to the service’s simplicity,
too, marketing the link to followers on social media networks such as
Twitter and Facebook for fundraising purposes. Wikipedia and Red, the
nonprofit working to fight AIDS, have launched Cash.me pages to accept
donations.
Square is charging businesses and nonprofits 1.5 percent per transaction for
Square Cash payments, well below the typical 2.75 percent that Square
charges businesses to process credit card and debit card transactions
through its traditional payment service. Square is able to offer the lower
fee because debit card payments are typically cheaper to process than credit
card payments. Square hopes the fee will be low enough to convince lots of
business owners who typically only accepted cash or checks because credit
card fees were too high, to start accepting some card payments. (Square is
trusting that businesses and nonprofits will sign up for a Cash Pro account,
which includes the processing fee, rather than going around the system and
conducting business through a regular consumer account, which is free. A
spokesperson said the company is confident that it can identify when someone
is using a regular account regularly for commercial purposes.)
The move helps explain why Square launched what was initially a free
consumer product in Square Cash in the first place. Square now has a built-
in base of Square Cash users with linked debit card accounts for business
owners and nonprofits to market to. Square Cash also now has some
differentiation from its competitors since businesses can get paid through
Cash without downloading an app (though customers and donors can also search
for, and pay, businesses and nonprofits through the app).
Venmo, a Square Cash competitor owned by PayPal, has become wildly popular
on college campuses and among 20-something professionals; but anyone who
wants to pay someone through Venmo has to download the app. Venmo is much
larger than Square Cash, however. Its payment volume came in a tad above $
900 million in the fourth quarter, or $3.6 billion on an annualized basis.
Square said on Monday that Square Cash’s annualized volume run rate is $1
billion. Facebook, too, will soon introduce its own payments service,
through the Facebook Messenger app. The company hasn’t said when or if
entrepreneurs, business owners or nonprofits will be able to accept payments
through the service. | n******e
发帖数: 2547 | 2 有了一個多月了，VISA / MasterCard debit card only，prepaid 和 VGC 都不行。沒
什麼搞頭。
倒是 Square Cash personal 版本免費，用來朋友間轉賬，或者自己多個銀行間轉賬還
不錯，及時到帳，比 Paypal 簡單快速。
而且現在 refer 註冊，能拿 $5 | m**2
发帖数: 3374 | 3 really? 已经有八个square cash account了，怎么没想到这个promotion呢！是这个
promotion吗？
Receive a $5 bonus when a friend sends you a referral link to Square cash
and you link a debit card.
If you refer a friend and they link a debit card, then you’ll also a $5
bonus
If you’re already using the app or have used it in the past, you don’t
qualify for this offer
Must live in the United States
You must refer your friend by using their phone number
【在 n******e 的大作中提到】
: 有了一個多月了，VISA / MasterCard debit card only，prepaid 和 VGC 都不行。沒
: 什麼搞頭。
: 倒是 Square Cash personal 版本免費，用來朋友間轉賬，或者自己多個銀行間轉賬還
: 不錯，及時到帳，比 Paypal 簡單快速。
: 而且現在 refer 註冊，能拿 $5
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