Has the Paypal Killer Finally Arrived? - Comments Page 2

To answer your header NO! A competitor perhaps but Paypal has a proven record to all the thousands of happy customers(me included) it has, and I don't think many of those will be looking for an alternative.

The comments are very good, however, I will leave all of you to decide on Square as I never have bought online. Best regards. john.

Only 2 experiences with PayPal. Bought something from a vendor and was charged twice. Called vendor to have it reversed and vendor cursed PayPal, saying it has screwed up again. My second, and last, experience with PayPal was having a "charity" charge me although there was no authorization. Charity had no phone number, email or other address. Tried to have it reversed by PayPal but they said there was nothing they could do. Called Chase VISA and had it reversed--no problem. Then, EBay bought PayPal. Haven't used either since.

Does Square Cash have limits on the amount or frequency of money you can send? I can't find any info on this in their FAQs.

Bob, Wish you could have demonstrated the process by sending me a bundle of cash.

For a year or two, Chase Bank has had a system called Quick Pay that works the same way except you log onto your account to send some one your money and they email the receiver. The receiver doesn't need to Chave a Chase account. They can have the money sent to their own bank account even if it isn't Chase. No messing around with debit cards with the security questions. Works as fast as the emails go.

Here's a black mark, Bob. In order to see the video, an important marketing tool for a company one does not know at all, you must have Chrome, Firefox or IE 10. Now there's a restriction for all the Windows XP users and certainly does not create a good first impression as to the Square Cash capability. Even if they are brilliant, I will never know now.

EDITOR'S NOTE: Nothing prevents you from using Chrome or Firefox on Windows XP.

To help understand the difference between a Credit Card and a Debit Card, consider how they are thought of and treated legally. A Credit Card is where, with approval of the issuer, you can use THEIR money for your transaction and of course, their interest is in THEIR money. Conversely, a Debit Card is different. It is a "convenience" allowed and permitted by your bank who may also charge a fee, to have electronic access to YOUR funds, so the bank is merely the CUSTODIAN of YOUR funds and as we all know, their interest is much less concerning YOUR funds... but don't forget to pay the Credit Card bill and they will give you (using THEIR money) every consideration.

Unless I miss something it looks that it is as safe as one's email access is safe. Which for majority of people is not much. Not to mention those using some local emial servics that come as a gift from their internet providers. Just recently some of the major email providers like Google started using secure (SSL) connections. Yahoo for example use it but only on the Sign In page. But as of now, if you opt to be remembered further visits go along regular channel. Which for a hacker sitting into an internet cafe would be as easy as pie to catch authentication cookie etc. and get into my account and start sending money.

In short, people dragged themselves into learning the serioseness of the banking ordeals but when it comes to emails are still sloppy. So I think that the easy-ness of this service will quicly bring problems and further restrictions will be brought to counter measure and ... we know the rest already from other tales.

And I do not like the idea of not giving a prospect as of how things will evolve. How long it will be free, what are the planned charges after that.

Eyh, saying nothing against having more players on the field but before going into something new I think I am entitled to speak out my concerns.

I joined PayPal sseveral year ago to pay an online purchase. One year later they again paid for a subscription that I had indicated I planned to cancel. They would not refund the felonious payment. I instructed them to never pay a bill again without my express authorization. Two years later they honored a bill from this e-mag despite the fact that I had not received an copy since the previous notification. I again asked them to investigate and refund the erroneous payment. They still haven't to this day (approximately two years now.) I have boycotted PayPal since and warn a;; associates of their irresponsibility. I

Bob,

Their site says I don't have IE 10. I do. The latest version, as a matter of fact. Ever heard of this happening?

I notice that only 'US issued debit cards' can be used, so at the moment restructed to US only transactions, whereas PayPal is worldwide, so no good for me. I have been using PayPal for around 10+ years and have paid and accepted funds all over the world. Have had a few 'duds' and have recovered my money with no problems using PayPal's dispute resolution process. Sure, it takes a while for it to run it course, but you do get your money back. Square seems too restrictive at present.

Bob, Might the following become a problem? Once a person has sent their debit card info, what is to prevent someone else from spoofing the first person's email address and then emptying the account.

EDITOR'S NOTE: My reading of their security practices (https://squareup.com/help/en-us/article/5144-square-cash-security) indicates that measures are in place to prevent this from happening.

Great post. Great article in SQUARE cash ... do you know if theres something similar in Europe, especially Austria ?

Regards, Eol (Old Bus passenger)

Thanks for the info! Sounds like a great way to move money for casual users. My business is run by PayPal and "Unfortunately, there's no way to get a history of your transactions" is a deal breaker for me.

Does this work internationally? Can I send funds from India to UK?

OK, found the answer... can only use Square Cash in the US, Canada and Japan.
https://squareup.com/help/en-us/article/4956-international-availability

I have used PayPal probably from its inception and have had absolutely no problems whatsoever. Through the years I've changed credit cards with them, recently adding another for a (to me) major purchase-a refurb PC from eBay. I like the email ease of this newbie into the payment business but really don't see that great an advantage. I pay out money, not receive it, so probably that's why the lag in payment doesn't bother me.

The old adage applies: If it ain't broke, don't fix it! At least that's how I feel at the moment, subject to change, of course ;)

I assume that Square Inc. is not providing this service for the good of their health, so what do they get out of it? I.e. how do they make their money?

EDITOR'S NOTE: My assumption is that they'll eventually charge a fee for the money transfer service. Or they could be hoping to spur interest in the Square Card Reader.

i would give ANYTHING for an alternative to paypal. i have paid dearly in the past for the fact that it takes 3 days to send money to/from my checking account and paypal account.
and the fees they charge are high. i bet they could cut thier fees in half and still make a profit.
and paypal destroyed wikileaks. they enjoy freedom of expression while they silence others.

I have to mention that PayPal is NOT the only payment method US eBay sellers can accept, I don't know about other countries. Sellers choose from PayPal, ProPay, Skrill, or Credit card or debit card processed through the seller's Internet merchant account.

Looking at this from the payer, the customer point of view, I don't buy from eBay sellers who don't accept PayPal because I truly believe, because eBay and PayPal are linked that should I have an issue I'll get great help ... and yes, I have had to call on them for help on occasion.