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A comment on Square Cash. Parent comment

Re:Square Cash by dobbsbob on Wednesday October 16, 2013 @03:08PM (#6561488)
This is almost exactly the same system as Interac in Canada. Will work well until the fraudsters figure out they can steal with it then limits will happen. Wonder what the merchant fees are and if they seize accounts for receiving an arbitrary amount of payments
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Re:Square Cash by weaksauce on Wednesday October 16, 2013 @03:20PM (#6561547)
There are no fees by the looks of it; it's completely free.
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Re:Square Cash by glesica on Wednesday October 16, 2013 @04:38PM (#6562031)
No it isn't, somebody is paying something to someone. Square is just not charging the people who exchange money... yet.
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Re:Square Cash by Thebigcheeze on Wednesday October 16, 2013 @05:45PM (#6562325)
That's like saying Facebook isn't charging people yet.

There are monetization strategies which don't involve charging the end user anything for the service provided.

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