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The other problem is that credit cards are set to go to chip-and-PIN in the USA (finally!) later next year. All the current readers won't be useful (at least i
by happycube 13y ago
The other problem is that credit cards are set to go to chip-and-PIN in the USA (finally!) later next year. All the current readers won't be useful (at least if you don't want to shoulder the liability!)
- chrisbolt 13y agoGot a source on that? Cards with chips are still somewhat rare, so it's going to be a while before they become required...
- aaronbrethorst 13y agohttp://blogs.wsj.com/corporate-intelligence/2014/02/06/october-2015-the-end-of-the-swipe-and-sign-credit-card/ http://blogs.wsj.com/corporate-intelligence/2014/02/06/octob...
- deleted 13y ago[deleted]
- Johnie 13y agoThe EMV liability shift will move the liability for non-chip transactions to merchants on Oct 2015. You will see all your cards get issued with chip in the next year.
- ipedrazas 13y ago"Cards with chips are still somewhat rare" Do you mean in the States, right? Cards with chips are the default in most european countries...
- jorde 13y agoThis won't make Square obsolite but would require them to provide new and most likely more expensive reader solutions for POS clients. Europe switched to Chip&PIN but most POS devices are really expensive and in some countries mostly rented to merchants (at least in Finland it's common). iZettle [1] is really similar to Square, but with chip&pin, in Europe and they have faced some scrutiny from Visa [2]. [1] https://www.izettle.com/ https://www.izettle.com/ [2] http://www.arcticstartup.com/2013/02/20/izettle-solves-the-visa-problem http://www.arcticstartup.com/2013/02/20/izettle-solves-the-v...