I worked in payments. Respectfully, you really shouldn't be talking on behalf of Stripe.

It's clear that a card present product, which I believe is new for Stripe, is in direct competition with Square. Even if right now it's not being marketed towards the same customer base as Square, it's clear that with a few tweaks of the app plus a change in the manufacturing process, you could easily create Square-like POS systems. Why would Stripe leave out such a huge, proven market when it's clear this product is a stepping stone towards full POS systems?

Your average pizza shop isn’t going to build a POS.

No, I meant Stripe will build it. It's not much different from what they just created.

yeah i don’t see how this isn’t obvious.

I work at Square for what it’s worth..I disagree. Stripe set out to create the perfect payments service. Square set out to create the perfect physical POS. The next logical step for both companies is to spread out in the market more. We’re going to bump heads sooner or later being in the same industry.

I work in payments... I regret to inform you/proudly announce that you now compete with Square, just one-step removed.

Could you clarify? I'm guessing you mean..

Square: Small/individual merchants, Etsy style physical shops, trade shows, etc.

Stripe: large retailers, grocery stores, stores with many locations etc.

What large retailers are using stripe? The fees would be too high.