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It seems unlikely that they'll be able to transfer money for free indefinitely. Their competitors hold on to balances for a reason: it's the only way to build a
by natrius 11y ago
It seems unlikely that they'll be able to transfer money for free indefinitely. Their competitors hold on to balances for a reason: it's the only way to build a sustainable business on top of free money transfers.
- ethanbond 11y agoSquare Cash uses the refund rails, no? And aren't those actually free (albeit an exploit of the transfer system)?
- glass_of_water 11y agoSquare Cash recently introduced the ability to send money w/ your credit card (before it was just debit). Square takes 3% of those transactions. Also, I think they charge 1.9% for non-personal use when sending money w/ a debit card.