New Way to Pay and Be Paid

JB Cases

JB Cases

www.jbcases.com
Silver Member
Square Cash.

NO FEES - NO FEES - up to $2500 per week (or possibly more if you have more bank accounts to use)

Dead easy to use. No restrictions. SUPER EASY TO USE!

https://square.com/cash

for Android phones - https://play.google.com/store/apps/details?id=com.squareup.cash

http://online.wsj.com/news/articles/SB10001424052702303376904579137512381777756

http://www.forbes.com/sites/joshsteimle/2013/10/17/i-just-used-square-cash-to-pay-a-contractor-500/

EDIT: The sending limit is $250 per week unless you give them a little more information.

EDIT: Case for sale Leather - $50,000.
 
Last edited:
They just get this in China? Got this free with iPhone almost 2 yrs ago ;)

PS, your cases are kicking butt!
 
half fast bankr said:
They just get this in China? Got this free with iPhone almost 2 yrs ago ;)

PS, your cases are kicking butt!
Click to expand...

It's different than regular Square. This is brand new.

With this you simply email the person you want to send money to with the amount in the subject line and then both parties put in the debit card #s using Square's links and the money goes from one card to the other one. If it's not picked up in two days it reverts back to the sender.

I just sent $20 in two minutes with zero fees for either side.

This is as close to handing over cash as I have seen on the net.

Paypal simply eats up too much in fees. They charge credit card rates for transferring between PP accounts. Dwolla would be fine except that they are a pain to sign up for and you have to put money in from a bank account, no instant withdrawals.

This appears to be the next best thing to cash on the barrelhead for the internet as far as sending money.
 
I don't get when people say that Paypal is pricey or that there is fees. I can send money with no fees whenever I want. All you have to do is send it instant transfer from your confirmed checking account and there is zero fees from Paypal for the sender or the seller. Maybe Im not seeing the advantage here with square.
 
JB Cases said:
It's different than regular Square. This is brand new.

With this you simply email the person you want to send money to with the amount in the subject line and then both parties put in the debit card #s using Square's links and the money goes from one card to the other one. If it's not picked up in two days it reverts back to the sender.

I just sent $20 in two minutes with zero fees for either side.

This is as close to handing over cash as I have seen on the net.

Paypal simply eats up too much in fees. They charge credit card rates for transferring between PP accounts. Dwolla would be fine except that they are a pain to sign up for and you have to put money in from a bank account, no instant withdrawals.

This appears to be the next best thing to cash on the barrelhead for the internet as far as sending money.
Click to expand...

Yeah we use square for some of our transactions. Being able to accept money this way will really simplify our business in terms of getting deposits.
 
bassin91 said:
I don't get when people say that Paypal is pricey or that there is fees. I can send money with no fees whenever I want. All you have to do is send it instant transfer from your confirmed checking account and there is zero fees from Paypal for the sender or the seller. Maybe Im not seeing the advantage here with square.
Click to expand...

If the receiver has a business account which paypal kind of forces to lift withdrawal limits then receiving money is charged a 2.9% fee.

As a receiver you can get away with no fees only in certain circumstances. Now I normally have no problem with PP fees because they provide a service. But 3% is way too much to charge for this service IMO.

I did a quick spreadsheet calc that showed out of $1000 in play PP would own the ENTIRE $1000 in about 150 transactions if each one incurred a fee.

Think about that for a moment and consider the flow of money - you put $1000 into PP from your bank with no fee and 150 transactions later it's completely owned by paypal and not in circulation any more.

It's just my opinion but that is one heck of a rake for what amounts to an instant transfer of credits from one digital wallet to another one. I know PP has an infrastructure to maintain but the fact is that each such transaction costs fractions of a penny yet they make many many many multiples of the cost that amount to insane profits. Which they clearly are entitled to but doesn't mean consumers can't shop for alternatives.

As a person who pays thousands in PP fees and does not wish to pass that on to customers I am happy if I can find any way to save money each year and keep costs low.

These is the fees for PP. You are correct that it's without fees if you send the money from the pp balance or a bank account AND iirc you make it a personal payment instead of a purchase of goods or services. https://www.paypal.com/webapps/mpp/paypal-fees

But there is one more thing I didn't mention. Paypal's policies on freezing accounts. Holding money in PP makes it subject to being locked up for up to six months. So basically if you want an alternative to paypal's rules then there are a few out there now.

Square will probably end up being bought by PayPal anyway for billions. :-(
 
Last edited:
pretty nice cases

I think he has a few cases for sale and they're pretty nice too, the information is free and I appreciate it.
 
JB Cases said:
Square will probably end up being bought by PayPal anyway for billions. :-(
Click to expand...

Square is already waaaay too big for PayPal/eBay to acquire. Square's on a fast track for IPO and will likely be bigger than PP/eBay within a couple years. PayPal's days as market leader are numbered - Square and Stripe are the new generation of p2p and SMB payment providers.
 
I don't see any "Buyer Protection" like Paypal has if an item is "not as described" or doesn't get delivered.Sometimes it's worth an extra few percent for this coverage.I agree it's an easy way to pay in a a lot of ways,but these free deals seem to develop some fees over time.And to JB and the other members,thanks for the info.
BTW, If you look at my avatar,that is a Black Boar that I shipped overnight,by Express Mail.The post office broke it,then denied the insurance claim,and it took months and lawyers,etc to get the insured value back.And it was packed very well.The buyer paid me as a gift and had no "Buyer Protection" If he paid the Paypal fee, I think that he would have gotten his money back more quickly.
Just my 2 cents.
Marc
 
Last edited:
The beauty of PayPal is that private individuals can process credit card transactions, which gives the buyer all the protections for buying on-line sight-unseen that credit cards offer. These cash transfer services are just like mailing the seller cash in most cases (except faster), leaving the buyer at risk.

Kevin
 
Paypal talks out of both sides of their mouth. They offer buyer and seller protection. The reality is 99% of these claims get resolved the other 1% they eat. Which at their volume is like me throwing 5 cents into a wishing fountain.

I don't know if square is on the square, but it sounds reasonable enough.

JV
 
You must log in or register to reply here.
Back
Top