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Ah ok yea thanks for clarifying that.

Ah ok yea thanks for clarifying that. I was under the impression that Square only works with credit cards. I can understand I guess the convenience of using a small card reader attached to your phone instead of a bulky POS terminal. I guess what's more difficult for me to understand is the value surrounding wiring money. My bank in the Netherlands doesn't charge me a fee to withdraw money at any ATM in the world and I can transfer to any European account given the IBAN free of charge too. So just curious as to what pain point Square and other payment companies serve in that case.

Posted by kartikkumar on Oct 6, 2014, 11:18 AM

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Ah ok yea thanks for clarifying that.

kartikkumarOct 6, 2014, 11:18 AM

Ah ok yea thanks for clarifying that. I was under the impression that Square only works with credit cards. I can understand I guess the convenience of using a small card reader attached to your phone instead of a bulky POS terminal. I guess what's more difficult for me to understand is the value surrounding wiring money. My bank in the Netherlands doesn't charge me a fee to withdraw money at any ATM in the world and I can transfer to any European account given the IBAN free of charge too. So just curious as to what pain point Square and other payment companies serve in that case.

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