Re:Square Arrives in Canada
by mikeash on Wednesday October 24, 2012 @03:19PM
(#4694568)
They give the reader away for free, and it costs them almost nothing to make it. Who cares if it's only good for a couple of years?
[ Parent
| on HN ]
If I'm going to use Square for my business, I want to know I'm not going to be changing horses frantically in 24 months when the strip is no longer an option.
The problem here is that Square is launching with, for the Canadian market, antiquated, rapidly approaching EOL technology, and given no indications if or when they'll catch up to the standard -- or even that they realize that their offering is substandard here compared to the US. Will they issue a new reader next month? A week before the deadline? Will they just pull out in 24 months?
No answers forthcoming.
(and that's on top of the other issues, like the vast majority of customers demand debit, and chip card credit cards that get swiped for transactions get declined at very high rates because it's highly correlated with skim fraud)