4 ms·
You don't need an account of any kind if you are the receiver here. You just put in a debit card and you get the money. So it's easier for the receiver but sti
by plexicle 11y ago
You don't need an account of any kind if you are the receiver here. You just put in a debit card and you get the money.
So it's easier for the receiver but still requires a Wallet account for the sender.
All that's left is to do this exact same thing but in reverse. Let a GW user send a secure REQUEST link that only requires card information to pay.
- RussianCow 11y ago> You don't need an account of any kind if you are the receiver here. You just put in a debit card and you get the money. So it's easier for the receiver but still requires a Wallet account for the sender. Isn't that exactly how Square Cash works?
- plexicle 11y agoNo? Unless it's completely changed since I used it last. You could send an SMS but it was a link to create an account (or $CashTag or whatever they call it) with the app. Then you put in your debit card. Then you can accept the cash.
- RussianCow 11y agoGotcha. Sorry, I've only used it once and don't remember creating an account, but apparently I did.
- plexicle 11y agoIt absolutely could have changed since I've used it. I'm hearing you might not need an "account" any more but you still need the app and/or some kind of quick verification? Probably worth checking out again. In either case, I like that with Wallet you don't even need an app.
- acchow 11y agoThere's no account creation flow on Square Cash. Just put in your debit card to receive the funds (and possibly some additional verification if you trip up the fraud algo)
- BallinBige 11y agoHow does GW know where to deposit the money based on a Debit Card? Im assuming the Debit card can trace back to the routing / checking account number associated with the checking account.
- plexicle 11y agoIt uses a reverse ACH trick. It's like charging the debit card, but in reverse. It's also why it's nearly instantaneous. Square's Cash app does the same thing.
- ethanbond 11y agoIt files a refund, basically. It just happens to be a refund for a non-existent initial purchase.
- yownie 11y agorelevant link: https://developer.visa.com/vpp/ https://developer.visa.com/vpp/