Tag: SquareUp

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Amazon Register to be Discontinued

Amazon Local Register Card Reader

Amazon:

Effective October 30, 2015, we are no longer accepting new customers. Existing customers can continue to use Amazon Register until February 1, 2016, when we will discontinue to service.

Amazon Register (formerly Amazon Local Register) was launched back in August, 2014 with promotional offer of 1.75% on swiped transactions until 12/31/2015. Amazon promised to deliver EMV Card Reader later in 2015. Alas, that day will never come.

Amazon-Local-Register-Discontinued

Payment processing business has been proven to be challenging even for Square, which reported of $131.5 million loss on $892.2 million in sales in the first nine month of 2015.

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Notes:

37prime uses both Square and Amazon Register. The later is the currently preferred payment processor thanks to its promotional offer of 1.75% transaction fee.

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Square Cash

Square-Cash-on-iPhone

From Square Press Release:

SAN FRANCISCO – October 15, 2013– Today Square, the company making commerce easy for everyone, introduced Square Cash; a new service that makes sending money as simple as sending an email.

With Square Cash, individuals no longer need to write checks, pay ATM fees or wait for forgotten loans from friends. Customers simply send an e-mail to the person they’re paying, and after the recipient enters their debit card number, money is directly transferred to their bank account.

…….

Square Cash is free to send and receive, and there is no signup process. Funds are directly deposited into the recipient’s bank account, rather than held in a stored balance account.

To send their first payment, customers simply compose an email by filling in the following fields:

  • To: [email address]
  • Cc: cash@square.com
  • Subject: $ [amount]
  • Send!

Customers then receive an email prompting them to link a debit card to fund their first payment. To accept a payment, the recipient enters their debit card number once, and will automatically receive funds to their debit card thereafter.

Square Cash is also available for Android and iOS.

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One question: “What would happen if someone hijacked the initial email to link the debit card?”

By the way Gmail users can also send money through email using Google Wallet.