Regarding the 27 cents, you
In reply to Square Seems Obtuse?Regarding the 27 cents, you can google Visa interchange rates and see exactly where it came from. They charge a variety of different fees based on the type of card used,...
View ArticleIt's going to come down to
In reply to Square Seems Obtuse?It's going to come down to providing marketing and buying pattern information to merchants. That is Square's value proposition. They may even expand the payment system...
View ArticleAllow me to clarify a few
In reply to Square Seems Obtuse?Allow me to clarify a few things and introduce some points:Square is not the same as, say, Twitter (who is offering some intangible new technology). Square is...
View ArticleHaven't done a ton of work on
In reply to Square Seems Obtuse?Haven't done a ton of work on Square, but keep in mind that WMT pays $1.6bn in interchange fees EVERY YEAR. If someone could save them even just 20% of that, it's...
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