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As a small business owner do you really want your banking to be tied to your POS system though? Why not offer Square 'housing' too. Sell with Square and live in
by purple_ferret 5y ago
As a small business owner do you really want your banking to be tied to your POS system though? Why not offer Square 'housing' too. Sell with Square and live in a Square condo[0]
[0] So long as you never ever leave Square for another system.
- arcticbull 5y agoGenerally speaking banks leave a lot to be desired in the US, which is Square's banking charter. They can make a better bank, and they can provide complementary financial services in one place. For what it's worth extant banking competitors offer substantially all the major services that Square does. JPM is a bank, a broker, a merchant acquirer (Chase Paymentech), they're a credit card issuer, a debit card issuer, an unsecured lender, as secured lender (mortgage broker). Heck, Chase even operates a private instance of VisaNet. What Square's doing isn't any different really, it's just flashier and better executed. And also, whatever this embarrassing crypto thing is: [1] [1] https://twitter.com/tbd54566975 https://twitter.com/tbd54566975