Square Inc., Twitter co-found Jack Dorsey’s latest venture, has really taken off lately. Just about six months ago, the company reached a milestone of 1 million users. Today, they reached another milestone and now have over 2 million users.
Most recently, PayPal announced a new project collaborating with TiVo and Comcast cable to work on adding payment options to home television sets. The technology would allow consumers to make charitable donations and pay for products right from the comfort of their living rooms using their remote control.
While there is plenty of room for competition in the mobile payments market, it seems like the giants are making progress fast and the little guys may get overlooked in the commotion. I suspect we’ll be seeing more aggressive action from Square in the very near future.
Take a look at one hour of Square payment activity:
Get ready! Starting this Fall some cable TV subscribers will be able to donate money and buy products and services from their television sets.
PayPal, EBay’s online pay service, has teamed up with Comcast Corporation and TiVo to bring the idea to life.
You might recall that PayPal has been working tirelessly to bring their service to more and more location, and this latest partnership should give them an advantage that will be sure to attract the attentions of their competition.
Apparently, the plan is still in its early stages of development, but most of the infrastructure already exists to make it a reality. So, if you’ve been hoping for easier ways to part with your hard-earned cash, help is on the way. It’s going to be all too easy. Just point your remote and click “Buy”.
Today, that number has doubled and Square is an accepted form of payment at over 20,000 outlets nationwide.
For about ten bucks you can go to Walmart, Target, or Best Buy and get a Square reader for your iPhone, iPad, or Android device. There’s even an app that will let you pay at some shops just by telling the cashier your name. Pretty impressive! I guess that’s why they have over one million registered customers.
But Square still has some pretty stiff competition to overcome by their biggest rival, PayPal. While payments on Square cost 2.75%, PayPal charges only 2.7% and it doesn’t require merchants to purchase any additional equipment. Payments are processed using either a PayPal card or a phone number and PIN ID.
Also, PayPal’s latest initiative has them partnered with 15 extremely popular retailers including Abercrombie & Fitch, Advance Auto Parts, Aéropostale, American Eagle Outfitters, Barnes & Noble, Foot Locker, Guitar Center, Jamba Juice, JC Penney, Jos. A. Bank Clothiers, Nine West, Office Depot, Rooms To Go, Tiger Direct and Toys “R” Us.
So there’s some fierce competition to overcome before we can really consider Square Inc. to be a leader in the mobile payments arena, but last we heard, Jack Dorsey was out drumming up interest from prominent investors like Legg Mason and Fidelity, so another big breakthrough could be just on the horizon. We’ll keep you posted.
PayPal had recently announced on its blog that it’s outfitting 15 new U.S. brick and mortar retailers to use its offline payment and shopping solutions. The stores include Abercrombie & Fitch, Advance Auto Parts, Aéropostale, American Eagle Outfitters, Barnes & Noble, Foot Locker, Guitar Center, Jamba Juice, JC Penney, Jos. A. Bank Clothiers, Nine West, Office Depot, Rooms To Go, Tiger Direct and Toys “R” Us. Now four more major stores have been added to the program in the UK.
The High Street retail stores include Coast, Oasis, Warehouse and Karen Millen. Transactions are processed via a smartphone app that generates a barcode and a transaction number, which is then scanned to draw funds from a customer’s PayPal account. And, a mobile or Wifi signal isn’t needed to process the payment. Here is a clip of the system in action at an Oasis location:
Jon Bishop, Innovation Comms Manager at PayPal UK, states, “Safety and security are at the heart of everything PayPal does and this is no different when it comes to mobile payments. You unlock the application with a unique PIN number, and no personal or financial information, or money, is stored on your phone.”
The service will launch on May 31st and will be available in 230 stores.
PayPal has just announced on its blog that it’s outfitting 15 new U.S. brick and mortar retailers to use its offline payment and shopping solutions. The stores include Abercrombie & Fitch, Advance Auto Parts, Aéropostale, American Eagle Outfitters, Barnes & Noble, Foot Locker, Guitar Center, Jamba Juice, JC Penney, Jos. A. Bank Clothiers, Nine West, Office Depot, Rooms To Go, Tiger Direct and Toys “R” Us.
The system doesn’t require a merchant to install NFC or any other sort of upgrade, and works with a store’s existing hardware. Consumers can make purchases with either a PayPal card, or with a phone number and PIN. PayPal President David Marcus states, “Consumers are relying on technology now more than ever to simplify their lives when it comes to shopping and paying, and retailers must adapt to this shift or risk becoming irrelevant – Innovative retailers everywhere are looking for ways to improve the shopping experience, extend loyalty programs and better engage with their customers.”
Marcus adds, “We’re able to drive consumers through a retailer’s doors with relevant offers, coupons and discounts, then maintain a relationship with that consumer that keeps bringing them back to the retailer, in store or online.” It’s evident that PayPal seeks to not only give consumers an alternative to standard credit cards, but also seeks to compete with Google Wallet for in-store sales, as well as with Groupon.
Dan Schatt, Head of Financial Innovations at PayPal wants to let consumers know they are “thinking outside the phone”. It sounds kind of corny, but what he’s actually referring to is payment innovations beyond just what benefits smartphone users. Come on folks, only half of mobile subscribers even have a smartphone so it makes sense not to box yourself into the mobile payment movement just yet.
PayPal has been trying out a partnership with Coinstar in the Dallas, Texas area. I know it seems like an unlikely pair, but in reality it makes a lot of cents (sorry, my own corny humor). If you’ve ever used Coinstar to count your loose change you know that you can forego some of the fees involved if you transform your return into some variety of gift card. If I remember correctly some of the options include Starbucks and Amazon.Com.
Presently, if you live in the Dallas area, you can add your coins to your PayPal account or request funds from your account using the Coinstar kiosk. I think this is a fantastic idea, it brings together two unique services that are already innovative in their own right (Coinstar and PayPal). The downside is it can only happen in Dallas right now, but I’ll bet we can expect an expansion on that as 2012 unfolds. We will keep you updated.
Nineteen-year-old Sahil Lavingia’s online payments company Gumroad has raised $7 million in its first round of funding led by Kleiner Perkins Caufield & Byers, according to the young entrepreneur’s blog.
Young people are making bank in Silicon Valley, and interestingly, Lavingia is in the process of writing a book on Gumroad, tentatively entitled “Building a Billion Dollar Company” – reminiscent of the recent Instagram acquisition by Facebook. Incidentally, Instagram was founded by twenty-somethings Kevin Systrom and Mike Krieger – and sold for a billion dollars. Technical knowhow and a bit of luck trumps business experience in the sector.
Gumroad incorporates a link-based payment system, bypassing some of the typical steps, to make processing easier for small businesses and content creators. The startup competes with services like PayPal and Google Checkout. Lavingia founded Gumroad in 2011, after a brief stint at Pinterest. Before Pinterest, Lavingia dropped out of the University of Southern California, though won’t pull a Scott Thompson, having written about it openly on his blog.
According to the PayPal official blog, eBay is set to open a Global Development Center in Bangalore, India, which is projected to bring roughly 1,000 new jobs to the area over the next three years.
Anupam Pahuja, GM, PayPal IDC, Chennai, states “This is quite a milestone for us given that we started our first development center in India in Chennai in 2007 and have already grown to over 2,200 people. Now we are all set to make our mark in Bangalore too. Our new center in Bangalore will feature several centers of excellence and will house technologists from both eBay Marketplaces and PayPal.”
The new location is hiring senior technologists for research, platform and application development, architecture, quality engineering, product management, marketing and product analytics, user experience and design and information security, and interested applicants can visit eBay Careers.
Pahuja adds, “PayPal is growing at a phenomenal rate as we continue to execute on our bold vision of reimagining money. To support this growth we need to expand our talent pool and we’ve been calling out to top talent to come innovate with us. Bangalore was the natural choice because of the availability of pukka software engineering talent there. Replicating the successful model in Chennai, this new center will be a crucial development site for PayPal.”
It happens to me every time I go to the store, usually at Walmart or the grocery store, the person ahead of me, usually over the age of 60, is paying with a check. The funny thing is, although it time-consumingly irritating, I understand, they are from a different era. To many people, using your bank account means writing a check or physically going to the bank to take out the money.
Now days if you go to the bank, there isn’t many customers there, and it still takes forever to get out. Why? There’s only a couple of cashiers working, at least at the teller stations. People use debit cards, pay their bills online, or, more recently, make mobile payments. In fact, many predict, with good evidence to suggest it is so, that mobile payments will become the new standard.
Now, I don’t think this is going to be the case for everyone, it’s certainly not the case for the elderly women ahead of me at Walmart, but a vast majority of us find it a lot more time-efficient and just plain easier to pay with our mobiles. Like every new payment method, there will be early adopters and big resisters, but in the end, we have what we have.
What we have today is the smartphone. This next infographic from the folks at SapientNitro.com gives us a brief look at payment methods over the years and the evolution of where we are today; the dawn of mobile payments. It’s actually pretty exciting and it’s certainly worth taking a look at.
PayPal’s official blog has just announced that it’s WHERE advertising platform has been rebranded as the PayPal Media Network. Roughly a year ago, eBay acquired local commerce company WHERE, one of the largest mobile location-based advertising networks, and the name change is indicative of further integration into the eBay/PayPal family.
The new PayPal Media Network name also describes the evolution of a multi-channel advertising platform offered to members of PayPal’s retail network. Mobile devices have been influencing all points of sale more and more, and Walt Doyle, GM of PayPal Media Network, states that “A consumer may begin their purchase journey in a store, on a phone, at their desktop, or on a tablet, then engage with the same brand or product across a multitude of different mediums and devices to discover, research, price check, etc. – The boundaries between the physical and digital world have disappeared and the purchase funnel has become a purchase pretzel! No longer is there e-commerce, offline commerce, m-commerce – there is simply commerce.”
The PayPal Media Network affords marketers opportunities to reach out to consumers on all fronts of evolving commerce, and have aligned with eBay.com, BML, Shopping.com and RedLaser, amongst others, to better target relevant and local advertising material. The WHERE (former) network presently reaches roughly 70 million customers ion the U.S. through affiliate networks, and has been expanding quickly through eBay. PayPal Media Network is just one of PayPal’s upcoming service capabilities the company will be rolling out, and will compliment PayPal’s new Here card reader system, a competitor of Square’s own Card Reader System.
Back in March PayPal launched their Square competitor, PayPal Here. Like Square, PayPal Here is a mobile payments solution geared primarily to small businesses (though any business can use it). The service includes a free app available for both iOS and Android, and a credit card reader that plugs into the headphone jack of your mobile device of choice.
PayPal Here grew very popular very quickly. In the first 24 hours the service saw a thousand sign-ups per hour. PayPal Here is currently only available in the U.S, Canada, Australia and Hong Kong. Customers who use the service are charged 2.7% per transaction (0.05% lower than Square’s fee).
In a blog post today, Hill Ferguson, vice president of PayPal Mobile, provided a few updates on how far the service has come in the six weeks since its launch. In the update, Ferguson says that more than 200,000 merchants have signed up for PayPal Here in the countries where it is currently available, and that even more are on the waitlist. As anticipated, the tool has been particularly popular with small businesses, though larger organizations – including the YMCA – have also begun to take advantage of the service.
Despite the fact that there is a waitlist for merchants to join, and despite the fact that PayPal has not actually begun marketing the service yet, Ferguson says thousands of businesses continue to sign up for PayPal Here daily. At current rates, the waitlist should be cleared by June 25th.
Do you use PayPal Here? How does it compare to Square? Let us know what you think in the comments.
As you may already know, Square Inc., the new mobile card reader and payment service, is becoming more popular with merchants. In fact, they have increased their payment volume by 25% since March. Currently they are processing payments at an annualized rate of $5 billion. But, how have they become so popular so fast?
That’s easy, it’s all about money. If your a merchant and you make a sale before 5pm, Square will make that money available to you the next business day. If you take the conventional credit card route, you may be waiting as many as five days for the conversion from credit to cash to reach your accounts.
Currently Square’s card readers are available for use with Apple products including iPad and iPhone, and also with Android devices. With 25% volume growth they must be doing something right at Square, but why haven’t we has a breakthrough like this in payment methods before?
“I love low-level stuff. Twitter is about minimizing frictions around communications. But there have been innovations in communications for hundreds of years, and lots of them had really good design. But you can’t say the same thing for payments. When I think of the opportunity to design that, to get down to its essence—I don’t think anyone has ever done that before.”
“There’s no greater indicator of interest than purchasing something,”
I guess it’s true there is no better indicator for what people’s interests are than how they spend their money. But, what does Square plan to do with that information? No mention of that yet, but Square is progressing quickly since their introduction in 2009 and a lot of that has to do with the value they bring to retailers.
Last week we reported that Dorsey might be out soliciting funds for another mega funding round, but we have yet to have those rumors substantiated. What we do know for sure is that Jack has been hiring some seasoned talent the past couple months in an effort to double Square’s current staff of about 250 to almost 500. Notable hires include Ricardo Reyes from YouTube and Tesla Motors, Alyssa Cutright from PayPay, and Jesse Dorogusker from Apple.
PayPal’s official blog has just announced that the YMCA is the first non-profit organization to use its new Paypal Here platform to accept donations. PayPal Here, similar to Square’s Card Reader system, charges a 2.7% fee on all transactions, as compared to Square’s 2.75%.
During a San Francisco branch of the YMCA’s charity event called “Sip and Savor,” the organization incorporated PayPal Here to accept funds, by way of credit cards, checks, cash and even PayPal, plainly by using a smartphone. PayPal points out that its system not only makes accepting payments safer, easier and cheaper to collect funds in person, it also improves upon accounting, as a non-profit can get a better handle on exactly how much was donated in real time.
At launch, it was reported that PayPal Here was registering 1,000 new users per hour for advance notification of its launch, and one can still register here. PayPal’s card reader works with both Android and iOS devices, and looks to be a bit more robust than Square’s device.
eBay Inc. was pleased to report today that revenue for Q1FY12 increased 29% to $3.3 billion, compared to the same period of 2011. They recorded Q1 net income on a GAAP basis of $570 million, or $0.44 per diluted share, and non-GAAP net income of $725 million, or $0.55 per diluted share. The year-over-year increase in first quarter GAAP earnings per diluted share was driven primarily by strong top-line growth partially offset by their investment in improving consumer shopping experiences and the impact of acquisitions.
John Donahoe, eBay Inc. President and CEO, explained why he believes the first quarter was so successful:
“The first quarter was a strong start to the year for us with momentum continuing in our Marketplaces, PayPal and GSI Commerce businesses. We believe that innovation in retail today is technology driven, and consumers are embracing smarter, easier, better ways to shop. We are enabling commerce in this new retail environment, supporting and partnering with sellers of all sizes and giving consumers worldwide the ability to shop anytime, anywhere, for whatever they want.”
First Quarter 2012 Financial Highlights (presented in millions, except per share data and percentages)
PayPal
The company’s PayPal business ended the quarter with 109.8 million active registered accounts, a 12% increase over the first quarter of 2011. PayPal revenue increased 32% year over year, driven primarily by increased penetration on eBay as well as continued merchant and consumer adoption. PayPal’s net total payment volume (TPV) grew 24% year over year to $34 billion. PayPal continues to focus on its core platform as well as mobile and point of sale initiatives.
PayPal recently provided a new way for consumers to make purchases at 2,000 U.S. Home Depot stores. All that customers need to do is enter their mobile number and pin, or swipe their PayPal card, and then enter their passcode.
Consumers who practice this method of payment receive electronic sales records of their purchases in a snap.
GMV
The company’s Marketplaces business also delivered strong first quarter performance. Gross merchandise volume (GMV) excluding vehicles increased 12% year over year to $16 billion. Sold items increased 17% compared to the first quarter of 2011, reflecting the continued impact of improvements to eBay’s core technology that are designed to make it easier and faster for shoppers to browse and buy. U.S. GMV excluding vehicles increased 13% year over year as sold items growth, mobile engagement and momentum in fashion and parts & accessories were key drivers of growth in the first quarter. Fixed price GMV, which represented 64% of total GMV in the first quarter, grew 18% globally year over year, a four-point acceleration compared to the fourth quarter of 2011. International GMV excluding vehicles increased 11% year over year to $10 billion, reflecting improved performance in Korea and solid growth in Europe. Downloads of eBay’s suite of mobile apps surpassed 12 million in the first quarter and 78 million globally since the launch of mobile in the third quarter of 2008.
GSI
The company’s GSI business, which was acquired in the second quarter of 2011, contributed $237 million in revenue for the first quarter. GSI generated $715 million in global ecommerce (GeC) merchandise sales during the quarter. Same store sales grew 26% year over year, reflecting strong e-commerce sales from retail clients.
Business Outlook
Second quarter 2012 — eBay expects net revenues in the range of $3,250 – $3,350 million with GAAP earnings per diluted share in the range of $0.49 – $0.51 and non-GAAP earnings per diluted share in the range of $0.53 – $0.55.
Full year 2012 — eBay now expects net revenues in the range of $13,800 – $14,100 million with GAAP earnings per diluted share in the range of $1.91 – $1.96 and non-GAAP earnings per diluted share in the range of $2.30 – $2.35.
PayPal announced the launch of PayPal Payments, which is a single product with three tiers of functionality for small businesses in the U.S. The tiers are Standard (free), Advanced ($5 a month) and Pro ($30 a month).
Her’s the full feature list of each one:
“As part of this move, we’ve dropped the word ‘website’ from our U.S. product names,” notes Ed Eger, SVP and GM, PayPal Americas. “In the same way that Apple did when it dropped ‘computer’ from its name in 2007 to represent its move beyond the Mac to a comprehensive consumer electronics company, this name change represents our move away from our online heritage to the future of PayPal and the multi-channel nature of payments in the new retail environment.”
Bloomberg reports Square Inc. is making an effort to double their staff this year. Producing credit card readers for the mobile device industry, they handled over $4 billion in transactions just last year. Squares main competitors include Intuit Inc., and Ebay’s PayPal.
This past November Square hired Apple executive Jesse Dorogusker to run their hardware division. In February they hired Alyssa Cutright of PayPay notoriety to run international business, and this week they add former Tesla and YouTube communications guru, Ricardo Reyes.
This lineup is no joke, created by Twitter co-founder Jack Dorsey, they have been able to raise over $140 million from venture capitalists. Going up against some pretty stiff competition, it looks like they actually stand a fairly good chance at success.
“We remove all the fees, we remove the restrictions, we remove all the mechanical stuff you have to go through,”
“We can actually make it a delightful software experience.”
“A lot of what we’re doing this year is making sure the small businesses have the data they need to grow,”
“We can say you know you sold this number of cappuccinos today, this number of people also bought biscotti, this is what happens on a rainy day, this is your busiest hour, and then they can make decisions based on all that.”
Check out this CBS video where Dorsey explains a little about Square and we hear from some of his clients:
It sounds exciting to me, Jack Dorsey is truly innovating the way we do business. First Twitter advertising, now easier ways for merchants to get paid; I can’t wait to see how he combines these two companies to work together. It’s always good to see ambitious people gain success.
PayPal is moving into an important payments space – the gas pump. The company announced a new partnership with Cumberland Farms, one of the largest networks of convenience stores in the North East. Customers will be able to pay at the pump using PayPal.
“Through Cumberland’s newly released SmartPay app customers can pay for their gas at the pump using PayPal,” a PayPal representative tells WebProNews. “And for a limited time when they do they’ll be discounted 5 cents per gallon.”
The new Cumberland Farms smartpay app automatically locates the gas station where you are and then lets you turn on the pump and pay with PayPal while still in the driver’s seat. (You still have to get out of the car to pump the gas … unfortunately, we can’t do everything!)
As if staying warm in the car on a cold Boston night wasn’t sweet enough, for a limited time customers get five cents off per gallon when they buy their gas using the app. (Funding terms of this promotion have not been disclosed.)
While it’s only beginning with a pilot program at 50 stores in Massachusetts, the potential for this to grow not only within this chain, but to other gas stations across the country seems pretty great. PayPal is already moving into retail stores (Home Depot so far). PayPal is rolling out to 2,000 stores in the U.S.
Would you use PayPal to pay for gas? How about retail store? Let us know in the comments.
In case you’d like to know a bit more about the new president of PayPal, eBay’s Richard Brewer-Hay posted an interview with David Marcus on the eBay Ink blog for that very reason.
News of Marcus’ appointment to the President position came on Thursday, when eBay CEO John Donahoe broke the news on the PayPal blog. “For more than 15 years, he’s been a successful technology entrepreneur with a passion for great products that both engage and delight customers,” he wrote.”
He was born in Paris, and talks a bit about his European background in the interview. He moved to the U.S. a few years ago to start Zong, which PayPal acquired last year. When he joined PayPal, he became GM of Mobile.
“I’ve been a serial entrepreneur in the tech business,” says Marcus. “Zong was, I think, my third or fourth company. I’ve always been innovating on the edges of mobile and payments.”
“We have an amazing management team. The exec staff is world class,” he says on how PayPal is well positioned for the future. A couple of new products the company unveiled this month shouldn’t hurt either. That includes PayPal Here, a new card reader (which also accepts other means of payment) and PayPal digital wallet, which lets consumers easily pay for things from their mobile devices. Meanwhile, PayPal is starting to infiltrate retail stores.
PayPal processed $118 billion from over 100 million users in 190 countries in 2011, including $4 billion in mobile payments.
PayPal has a new President, and his name is David Marcus. He’s been with the company since last year. He came over when PayPal acquired Zong, and became PayPal’s VP of Mobile.
I’ve picked David Marcus as the new president of PayPal and I couldn’t be more thrilled. David’s just the right leader for PayPal. For more than 15 years, he’s been a successful technology entrepreneur with a passion for great products that both engage and delight customers.
He’s going to lead PayPal with that “founder’s perspective,” to bring start-up energy to PayPal’s unmatched global reach and digital payment capabilities. With David at the helm, we will have an even deeper commitment at PayPal, and across eBay Inc., to be a leading technology-driven and customer-focused product innovation company. We’ll continue to focus on accelerating product innovation, driving consumer engagement and creating a world where paying anytime, anywhere and any way is synonymous with PayPal.
David has made his mark since joining PayPal as VP of mobile when we acquired Zong last year. He’s worked closely with the entire PayPal leadership team to drive mobile to unparalleled new heights. We’re going close this year with more than $7 billion in mobile payment volume. And David’s helping inject new innovation — most recently with PayPal Here. PayPal Here is PayPal’s first global physical product and free app that turns any iPhone, and soon Android smartphone, into a comprehensive mobile payment solution.
As Donahoe notes, PayPal is making its way into retail stores as well. Home Depot recently rolled out PayPal in about 2,000 stores, and more retailers will follow.
Last year PayPal processed $118 billion from over 100 million users in 190 countries. The company processed $4 billion in mobile payments.
Last April, Square announced that it would be launching an encrypted version of its card reader in the summer. Here we are nearly a year later, and the company is now reportedly shipping encrypted versions.
VentureBeat reports that all Square readers that are currently shipping do have encryption. Rocky Agrawal, reporting for the publication, shows the reader opened up, and says that existing users will be migrated to the new readers over time.
The initial announcement last year came after accusation of a security flaw with Square, from competitor Verifone, which posted an open letter and a video demonstrating the exploit (which ended up being removed from YouTube). “In less than an hour, any reasonably skilled programmer can write an application that will ‘skim’ – or steal – a consumer’s financial and personal information right off the card utilizing an easily obtained Square card reader,” Verifone alleged.
Square CEO Jack Dorsey defended Square with his own letter, saying, “This is not a fair or accurate claim and it overlooks all of the protections already built into your credit card.”
That was all actually in March, and then in April, Square announced the forthcoming encryption and that it had received backing from Visa.
The next month, the company unveiled Square Card Case, its mobile payments app for consumers, which just this week, received an update and a name change.
Square now faces serious competition from PayPal, which earlier this month unveiled PayPal Here, it’s own card reader solution (it also accepts other forms of payment). PayPal’s solution comes with encryption, so the new encryption for Square will take away that advantage, at least. From the PayPal Here FAQ:
Is the reader encrypted and is PayPal secure?
Yes, unlike other card readers, the PayPal Here card reader is encrypted and is backed by over a dozen years of experience of providing buyers and sellers the highest levels of security.
Last May, Square unveiled an app called Card Case, which included a mobile tab system, where users could set up tabs at various places and order their purchases with automatic payments. Now, the app, available for iOS and Android, has been updated, and is now called Pay With Square.
They’ve added the ability to automatically open a tab when you arrive at a business, and you can pay without even having to touch your device. There’s whole new user interface, a new map where you can see nearby businesses, and a search tool for finding businesses. Users can also add businesses to a “favorites” list and share them with friends .
It will be interesting to see if consumers do find it to be the “most amazing way to pay.” A couple weeks ago, PayPal unveiled a Square competitor in PayPal Here. PayPal announced last week that it got 1,000 sign-ups per hour in the first 24 hours after the announcement. Here is a quick video for each product:
There have been complaints about the user interface with Pay With Square, and at least one reviewer expressed disdain for not being able to save to an SD card, but the most common complaint with the app seems to be that there are not enough businesses available on it.
This is precisely an area where PayPal could have a significant advantage. It’s a brand that’s been around (and in the payments space for many years), and it’s part of another, even bigger brand in eBay. Square has shown some tremendous potential in its early months, and has already made a pretty good name for itself, but competition from a major player like PayPal isn’t going to make things easy.
