I’m strictly a cash-only kind of guy. I like my purchases to be anonymous, I like to deprive the credit-card companies their slice of the transaction, and above all I like the feel of the greasy, germ-laden slips of paper in my fingers. 1
However, I recognize that sometimes you just don’t have any cash. Like when you’re supposed to be splitting the dinner bill and your friend ends up paying yet again because you "don’t want to split this fifty." Well now your sorry payment dodging days are coming to an end my friend. Why? Square Cash.
Square is quickly becoming one of the most convenient and coolest ways for small businesses to process transactions. If you’ve ever visited a shop that uses Square you’ve probably seen a number of improvised iPad cash registers, but Square just debuted its own iPad register called Square Stand.
The Square Stand will go on sale starting June 8th for $299, but you can already pre-order it on Square’s website. The new hardware is to be utilized in conjunction with the Square Register app that is already used by thousands of businesses across the country.
As the CEO of Square, and co-founder of Twitter, Jack Dorsey has quickly become one of Silicon Valley’s most admired CEOs. His Square payment system is quickly changing the way consumers buy things, and it’s making businesses and consumers interact on a more personal level.
Square’s goal is to make payments quicker and easier for both business and consumers, so the company has an intense interest in wearable tech. When asked in a recent interview whether he thinks Google Glass is an interesting product, Dorsey answered that he doesn’t see much value in Google Glass right now, but he’s intrigued by devices that wrap around the wrist – like Apple’s rumored iWatch – because they feel more natural.
When asked whether he’s looked into Google Glass, Dorsey had the following to say:
An iPad, Square, and an internet connection is all you need to run a small business.
Square, the mobile payment startup that lets you pay for your coffee with an iPhone app, has announced a new product for small business owners. Since Square already specializes in helping merchants use the iPhone and iPad to process payments, the company is launching what it’s calling a “Business in a Box.” The package includes an iPad stand, cash drawer and optional receipt printer. It lets Apple’s tablet totally replace a traditional cash register.
Square, the Apple-like mobile payment service that’s all the rage right now, just integrated with Passbook in iOS 6. Before you get too excited, the integration only allows iPhone users to store and use the new gift cards that can be sent via the Square iOS app. Square lets you pay for your stuff with your bank credentials while Passbook still does not.
Now you can send a digital gift card from any merchant that partners with Square, and the recipient can choose to open the gift card in Square’s Wallet app, print it off, or use it in Apple’s Passbook.
Back in August, Square partnered with Starbucks to bring mobile payments to the coffee giant’s thousands of stores nationwide. Starbucks said that Square would be integrated into 7,000 of its stores across the U.S. by early November, and now the time has come.
Square has the ability to open a virtual tab with a merchant so you don’t have to scan your iPhone at the register, but Starbucks isn’t adopting this functionality. You’ll have to scan your iPhone after you order, like Passbook.
While we knew that Square was coming to Starbucks sometime later this year, it’s now been revealed that the partnership is launching in early November. Instead of having to use your credit card or cash, you’ll be able to use the free Square app to pay for your skinny vanilla latte.
I want to be able to ditch my wallet so bad, mostly because I have a tendency to lose it or forget it at home. But I never ever leave home without my iPhone, and yeah, Passbook is cool but businesses aren’t really using it yet and I’m impatient. I just want the future to be here right now.
I’ve been really intrigued by Wired’s Christina Bonnington as she’s trying to live a walletless life, and it seems like one of the biggest hurdle right now is knowing where you can ditch your wallet and pay for goods with a service like Square, and where you can’t. Right now it seems like Square is trying harder than anyone to help you ditch your wallet, and they just made things a little easier by creating Square Directory so you can see all the places you can pay for goods with Square Wallet.
Making more money than with just your credit card transaction fees.
Closing its fourth round of funding, the mobile credit card processing company just raised $200 million, making it worth a staggeringly large $3.25 billion. The company, built by Jack Dorsey of Twitter fame, allows anyone with an iPhone, iPad, or other compatible mobile device, to accept credit cards. Square is widely seen as the industry leader in the mobile payment-with-a-dongle space (I just made that term up), as evidenced by other dongles released shortly thereafter by the likes of PayPal and Intuit, among others.
In what may come as no surprise, the COO of Square, Keith Rabois, is on record at All Things D, saying that the transition from current registers and point of sale devices (like ATM card-swiping devices) to iPads or other tablets will happen within the next year and a half. Square’s partnership with Starbucks is only the first of the steps being taken actively by Square to make this a self-fulfilling prophecy.