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I find it a bit perplexing that you feel Square is building a solution that is already outdated and yet the system you've bet a lot on, on paper, sounds like ex
by WesleyJohnson 15y ago
I find it a bit perplexing that you feel Square is building a solution that is already outdated and yet the system you've bet a lot on, on paper, sounds like existing legacy POS systems that have been around for years with the sole exception of being web-based. I won't deny that credit cards are antiquated, but the article's title and main point was talking about how the card reader and simple app was their "trojan horse" to get into the small merchant market and then build on the install base with other offerings, including payment systems. That kind of renders the credit card argument moot as Square could just as easily adapt to new payment methods as a traditional POS could. Not to mention, cash (to me) is far more antiquated. Of course that's probably not the best argument as I don't see cash disappearing anytime soon, but I certainly believe credit cards (as they exist now) could be replace within a decade.
As for your other points, I agree that they're essential features in a traditional POS system. My only experience with using a POS was at a local pizza shop in Ohio and we used all of those features on a daily basis. However, there's no reason we couldn't have went with a pure digital solution except for maybe receipts. Some customers just want that paper receipt. But I do agree that Square has a long way to go before it becomes capable of being such a system and there will be many businesses who just like doing things the "antiquated" way with a traditional POS. I think there is room for both in the business world.
- thinkcomp 15y agoFaceCash is nothing like the existing payment system. It's a lot more than a POS; it's a unified payment and accounting system capable of storing and organizing more payment information than any other system in the country. As part of that it has a web-based POS and API, but that's just scratching the surface.