Square's been venturing beyond those tiny credit card swipers as of late. Last week, the company introduced its nifty $299 Stand POS system for iOS, and now it appears to be branching out to individuals, with a to-be-announced service called Square Cash. There's not much info to share at this point -- TechCrunch recently discovered a dedicated landing page for the new service, which looks to be invite only at this point. There does seem to be an option to request an invitation, but the button isn't properly linked, so we weren't able to make our way to the proper form in order to take a closer look.

A handful of help articles do shed some light on the service, though. To send money, you'll simply send an email to your recipient with the dollar amount in the subject line and "pay@square.com" in the cc field. Once your friend or associate receives the email, they'll type in the debit card account number of their choosing and Square will fund the associated checking account within 48 hours. Each payment costs just 50 cents to send, and there's no cost to receive -- it's not quite clear whether or not you can use a credit card to fund the transfer, but with fees of less than $1, we imagine you'll need to use a checking account. Square has yet to formally introduce the service, but we're guessing an announcement will be coming soon.

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Via: TechCrunch

Source: Square Cash, Sending Square Cash

Sending money with Google Wallet wasn't a tremendously difficult affair before today, but Mountain View's now discovered a clever new way to part you from your cash. "Over the coming months," the company will roll out a new payments feature within Gmail, letting you attach money just as you would an image or document. After clicking the new "$" symbol within the composer, you'll type in an amount and select the source of your funds. Then hit Attach, click send, and say goodbye to your Greenbacks. It's that simple. You can probably get a solid feel for how this works just from looking at the image above, but given the onslaught of announcements today, we'll forgive you for needing a more comprehensive explanation. Goog's got your back, too -- there's a demo video waiting just past the break.

Filed under: Internet, Software, Google

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Source: Gmail Blog

After watching its rivals Square and Groupon play their hands earlier today, PayPal announced a program that allows merchants to trade in their old payment processing equipment in exchange for new hardware. The promotional offer features POS systems from ERPLY, Leaf, Leapset and the company's own PayPal Here. In addition to luring retailers with a fancy new cash register, the outfit is offering to waive credit, debit, check and PayPal processing fees for the remainder of the year. If the aforementioned incentives sound appealing and you'd like to know more, head on over to our source link to check out the program's all-important fine print.

Filed under: Peripherals, Software

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Source: PayPal

Yesterday, Groupon POS appeared in the iTunes Store, but was quickly pulled. Now we know why. Breadcrumb POS, which is the official name of yesterday's leaked point-of-sale iPad app, is now officially available, bringing a simple interface and a handful of financial incentives. The application, which can be downloaded for free, charges vendors a credit card processing fee of 1.8 percent plus 15 cents per transaction, assuming you're swiping plastic from MasterCard, Visa or Discover. In an effort to get small businesses signed up, however, Groupon is offering to cover the fees on the first $5,000 in credit card transactions, a savings of $90 by our calculations, plus whatever you'd be paying per swipe.

The app enables you to log transactions, manage menu items and issue refunds, in addition to processing credit cards and emailing receipts. The POS uses Breadcrumb Payments for processing, with deposits posting within 24 hours, and can be paired with a card swiper and optional printer (you can email receipts if you'd prefer). There's also free 24/7 telephone support, should you run into any issues while using the system. Breadcrumb POS won't replace the more sophisticated Pro version, which is available starting at $99 per month, and retailers will still be able to use the Groupon Merchants App for redeeming vouchers and processing supplemental payments. If the new Breadcrumb POS sounds like a fit, snag some more info at the source link below.

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Source: Groupon

When PayPal saw Square for the first time, we're fairly sure its CEO glumly stared out of the window, said "we're going to the mattresses" and promptly called the CEO of Discover to talk about an alliance. That unholy union has now brought PayPal into 250,000 retail outlets in the US, and the pair is now promising that the figure will be closer to two million by the end of 2013. Merchant acquirers such as Vantiv, WorldPay and TSYS have also signed up, presumably begging the pair not to let Jack Dorsey take the shirt from their backs.

Filed under: Misc

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