Come back when you have something to show us. Invite only w/o a way to request one? Use email cc to send money? Seems pretty damn dangerous to me so you need to explain things in a lot more detail.
Anyone know what the fees are?<p>Standard would be a bit cheaper than Venmo for credit card, will they offer free from a bank account in a similar manner?
Seeing as it's pretty easy to spoof an email address, I hope that they have a BCC option with some secret email address i.e. 27272-adsa92@squareup.com . Otherwise it could be pretty easy to send money on behalf of people.
I found this page that somewhat related to spoofing the source address:
<a href="https://squareup.com/help/en-us/article/5136-troubleshooting-square-cash" rel="nofollow">https://squareup.com/help/en-us/article/5136-troubleshooting...</a><p>Two interesting bits:<p>"<i>I sent money to the wrong email address.</i>
If the recipient has not yet redeemed their money, you may cancel the payment. If the payment has been redeemed, please contact the recipient and request a refund, or let us know if you're unable to resolve the issue.<p><i>I didn't make that payment.</i>
Let us know if you'd like to dispute a charge that you don't recognize."
So, essentially, it's the same as Paypal's free personal transfers, just done through email with a after-the-fact confirmation. Shrug. I'm doing fine with the paypal app today.
I see this as a pretty viable alternative to cash. I don't like carrying any cash, and pretty much rely on my credit and debit cards alone. With this, I can simply Square Cash via e-mail the few establishments/recipients that don't accept credit card. And from what it looks like, it seems to be independent of the sender's e-mail service (unlike sending money via Gmail). Neat.
I assume they are processing the transaction as a refund to the recipient's card? There isn't enough detail to understand what's going on there. This looks like one of those "The investors made us put something up to start building buzz even though it isn't nearly done..." type of things.
A little off topic, but it is the reason I excitedly clicked the link.... Anyone know the best way to ship money from a US account to an Australian account? Working in the US at the moment but need to get some cash back home to pay off a cc, really don't want to get screwed with fees.
There are many key attributes of cash that this system, despite it's ease of use, ignores.<p>I rarely try to be pedantic, but two <i>fundamental</i> attributes of cash is that it can be used without a transaction record and often anonymously.<p>Can this system?
Dear devs, please do not bring your half baked or invite only apps to the HN front page.<p>No, I am not doubting one of your Internet rights but people's time is wasted and we(at least me) feel not good having to go to a page and face a smiley saying you are not ready for me yet(or I'm not privileged enough to have an invite) and you just wanted to have my attention from miles away!