Added: 2 years ago
From: SquareOfficial
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  • seriously? would you give your credit card to someone your buying a couch from? sorry, i have reservations about that.

  • so this is what the future looks like...

  • This is soo hot

  • CANADA PLEASE!!! ANYTIME SOON??

  • AS A BUSINESS I MUST KNOW; IS IT WITH THE IPHONE TOTALLY PCI COMPLIANT???

  • SO dope~

  • where do you purchase the card reader?

  • Prostitute: Cash or Credit...

  • Why so hipster? :s

  • Apple is building payment into iOs4.x

  • I downloaded this app months ago when it first came out I finally got my square in like last month which are now white I guess not black, anywho I haven't used it cause I re-read the agreement and I don't like how they can hold "your" money and give it to you whenever the hell they feel like it there's so much bogus bullshit they do before you get your money so read all the agreement form before you try it.

  • @TieOneOnFishingProd you've made more of this than really is warranted. their system really is quite simple.

  • where is the app...I can´t find it in the app store...

    (android)

  • He seems pretty high. Probably because of how easy it is to make and accept drug payments.

  • It's nice to see Al Borland is still getting work. lol

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  • there's something called paypal...l

  • @siliconsurf paypal's fees are higher UNLESS you are accepting more than $3000 per month electronically.

  • Ladies of the night can now accept credit and debit card with ease.

  • i want to invest

  • Looks great

  • Jason's card number is 3757 00001!!!

    I'm about to go buy all the h00kers and blow I can get my hands on. Thanks Square!

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  • Looks cool BUT in an increasingly large number of markets people don't sign but use 'Chip & Pin' how does this 'square' up?

    What sort of fraud protection is there for the retailer?

  • damn hipsters

  • you don't have to setup via iTunes anymore just download the app and you are good to go. Of course this is for people with businesses and those in the loop of this sort of technology...why would you let a stranger swipe your card on the street? did you walk away when they did it in the apple store?

  • His dreamy eyes look medicated for some reason..but doesn't take anything away from his presentation!

  • It's a good concept. There is always risk with any payment method. Just typing in that this is not a good concept or "a fraud waiting to happen" is not enough. This can be done with any payment method. Does anyone actually have statistical data on the risk of various electronic/internet payment methods. Hard facts would be better than "its simple to do this or that".

    What does the banking community think of this type of device? Safe or not?

  • @RugbyPapi I would love to hear from a bank on this questionable product. Anyone out there?

  • @HavenVid What would you like to hear. Obviously Square is the one running the transactions remotely for you.

  • This is great. Now they just need to make it work with a bluetooth receipt printer for those of us that dont want to ask all their customers for an email address.

  • @robot313 this would be a good way to create an email marketing list though. It seems like a wonderful product and I plan on using it

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  • Taking payments is a serious business with a lot of security issues. A mobile phone, although great at lots of things, should not be used for this. We need a single-purpose mobile device dedicated solely to taking payments.

  • @HavenVid For those of you who think that this isn't very safe, well I can only expect that you don't know anything about the way credit card transactions are handled in retail areas like malls and large shopping centers. It is extremely easy to access peoples information about their credit cards in large retail areas, and no, I'm not explaining how on here. Check all the facts and understand all the technology before making comments about a companies products. Square rocks! Out!

  • @mystuffisntyours I'm talking here about Square, not retail stores in shopping centres. If you are saying that Square makes it ' extremely easy to access peoples information about their credit cards', like the retail businesses you're referring to, then that doesnt fill me with hope. And actually, I do have experience in this area.

  • @HavenVid im sorry how is this less safe than any other way of using your credit card such as internet, restaurants etc....

  • @d1mitrov A) It doesn't use PCI PED standard encryption, B) a mobile phone can be easily tampered with by criminals to capture card details (because a phone is not a secure payment device with certain security featueres built in), C) anyone can create a bad digital copy of the signature on the back of your (stolen) card with their finger on the phone's screen, passing themselves off as you, D) It's not Chip & PIN, so all risk is with the merchant if it's a fraudulent payment... I could go on...

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  • yes, this is basically a bonkers idea with so little thought about the security aspects it is really scary - hopefully the payment acquirers will simply have nothing to do with it (most of them have already had data breaches costing millions, so with luck they've learned and will be more careful in future.......)

  • I think this is a really great idea.

  • @MrGiovannihale This is not a safe way to take payments. Do you really want to put your card details into someone's phone? Also, how easy do you think it is to copy your signature on a screen? Remember what it's like when you have to sign for a UPS or TNT delivery? The UK has gone down the safe route of Chip & PIN. There is only one device I can see that's being launched in the UK, called the PayPod. You can search for it.

  • This is credit card fraud waiting to happen. Since you cannot tell if someone has a 'genunie' Square, it is simple to instead have a card skimmer attached to the iPhone. Anyone who gives their credit card to a 'Square' merchant may well get a large and unathorised tranasction sometime later......

  • @waitingforfall1 You even don't know if their iPhone is from China imitation. Buried

  • Guy: "Hey, guy! Lemme scan your credit card. I have Square!"

    Me: "If you try to touch my credit card, I'm gonna kick your square in the nuts."

    End transaction.

  • Why would I want to have that card reader, have an account, have another person with an account, get taxed by Square, provide Square with personal details while I can just give the guy some cash right out of my wallet.

    This idea seems more like a burden to me, I see absolutely no way to benefit from this.

    Don't be so extravagantly obsessed by this bunch of useless technology, you guys act like 10 year old kids.

  • @AllardX you would have to be in the right kind of business to see that it's not useless technology. I run a mobile locksmith business and customers hand me credit cards all the time, specially on lockouts, some customers don't have cash or checks on hand but they always have a credit card. And i've done the old "follow me to the bank and I'll give get some cash" only to see them dissapear on me. This technology is not about being cool, it's a neccessity in todays modern society.

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  • A beautiful concept. I just need my dongle. Hopefully square sends it soon...

  • How cool is that !!

  • why is he talking like we are a bunch of idiots?

  • @Dennan

    Because we are :)

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  • @Dennan you are a bunch of idiots

  • @livingwithlions im hungry

  • Who's this bearded guy?

  • Genial producto! Me encanto :D

  • sweet =)

  • i love it!

  • Anyone selling a spare Square reader with activation code? I'm willing to buy one. ;)

  • What's the name of the song?

  • Does anyone know if this thing work on iPhone 4?

  • i searched it on the app store and it wasn't there. :(

  • 5+ weeks for my reader and still nothing

  • that's a cheap couch

  • I remember the interview you guys did with Chris Pirillo :]

  • this guy's voice makes me want to watch all his damn videos lol

  • MY GOD you make life soooo boring. Just watching this video made me not want to sign up for this

  • Is this safe????????????? please i need to know. i just set one up but am unsure about the security

  • @5botball Three things you need to consider.

    1) If you use it over wifi at home or other trusted areas, is it a WPA2 AES/TKIP encrypted network? If not, don't do it over wifi... do it over the air.

    2) You trust grocery stores with charging your orders. Do you trust Square in direct depositing your money daily?

    3) Do you think your customers or people you sell stuff to would be interested in using a new generation of credit card processing? Nothing gets stored on the device.

  • @TrigonySL im talking about square as a company. is it safe. can i trust square with my and others personal info?? whats going to happen if my personal info is compromised?

  • Please, please come to the UK! :)

  • he's so jolly

  • Too bad he can't really sell that couch for $300, at least according to the terms that Square laid out in the agreement. That, and 1 cent out of 3.5% doesn't make much of a dent into how much they're reaping.

  • @JohnConnor2029 I don't know much about this particular system other than what is on this video and their web site. However, I do have a regular credit card merchant account. Those terms and fees are not out of line with what any other kind of merchant account offers.

  • I love his voice, and the production of the video rocks. Will be interested in this when it comes to Europe.

  • It's amazing

  • "Swipe evenly and smoothly while keeping pressure on the head." That's what I said to my girlfriend.

  • How do I get a black reader like in the video? The one I received is white.

  • @phototristan the black readers were the hand assembled pre-production models

  • @statewi Ooh yeah. I want a handmade one.

  • @phototristan How long did it take to receive your reader? I hear some are waiting as long as 4+ weeks and still waiting.

  • It makes it so much better when they get rid of cash and want to tax you.

  • "Let's see that again"

    epic

  • I haven't written a check in over 3 years. True, like cassette tapes, they'll be around quite a bit longer.

  • seems like a fancy way to write a check

  • To get a free Square Credit Card Adapter you will need an ACTIVE bank acount, an iPod touch/iPhone, and you will need to provide your address and SS NUMBER...JUST DOWNLOAD THE SQUARE APP FROM THE APPLE APP STORE AND SIGN UP!(: ENJOI!!

  • @NeonInk13 Actualy u can get on android also

  • i want this!!!!! when will we see it in the UK?

  • @glynforrester This is not a safe way to take payments. Do you really want to put your card details into someone's phone? Also, how easy do you think it is to copy your signature on a screen? Remember what it's like when you have to sign for a UPS or TNT delivery? The UK has gone down the safe route of Chip & PIN. There is only one device I can see that's being launched in the UK, called the PayPod.

  • this is a great idea, but once you sign up, giving your SSN and Date of Birth (a must) to run your credit report, no matter how high your credit is, they slap a $100 limit per day and $700 per week. Maybe they will change that, but for now it doesn't work for most small businesses and we all know the more you run your credit the Lower your score drops.......

  • Realistically, this video wouldn't work as you need to be GPS enabled as it uses it to verify your, and buyers location for security.... and GPS doesn't work indoors too well.

    But I just signed up and feel it will work well for my small business.

  • @voiceonly What you just wrote doesn't make any sense. Why would it use GPS?

  • @mazin07 According to their site, it requires that you have your phones GPS enabled because it tags your location of where you made the transactions for security reasons and probably in case there was a dispute, and the phones GPS usually don't work well in buildings.

  • @voiceonly ah, well, even an imprecise location from WiFi or celltower triangulation would be enough to show that the transaction wasn't in Croatia.

  • @mazin07 I agree, but when you run their softward (at least on Android), it brings you to the settings to turn on your GPS setting if it's off before you can continue. Not a big deal really for me at least. i would've thought they could've used the cell towers also, maybe in the future.

  • Good lord I'm in trouble.

  • Are there transaction fees?

  • @174FIRST Only about 2% for each swipe plus 15 cents.

  • Now you can get mugged for your debit card instead of cash and have your whole bank account wiped out by an iPhone Square carrying thief.

  • I find this a great video in different aspects: It's fun, clear, communicative, ... If the product is as good as this video ...

  • NWO.

  • Nicely finish video! Great idea by the way...

  • Question; You guys use the magnetic strip on the card. Yes?

  • Again a nail to the coffin of paper money and coin.

    Awsome app, but possibilties for fraud galore, I'm afraid

  • Would love if this was available worldwide. Or at least where I live, The Netherlands. Even though most of us here don't have credit cards. If it could be used with PIN-cards (using Maestro from mastercard) I'd definitly invest in this if it was coming to the Neterlands.

  • I like this video a lot. lol. Awesome App/System.

  • Nice. Can we have it in the UK please?

  • its great!

    All you need is some idiot with an iphone and a card scanner a gun mask and gloves

  • is it available in all countries ?

  • Gift for Drug Dealers :)

    no cash needed credit card will work now :d hehe

  • Bad-ass.

  • I'm just wondering does this work within Canada for CAD transactions? Love the video, very well done!

  • Jason signs to confirm the transaction? with his finger did that sign?

  • these guys seem to be pals,.. and have figured out how to pay each other without physical cash,.. a bunch of pals paying each other,.. they should call it "pal payment"

  • This is awesome but i see a lot of scams happening soon with this!! lol

  • This seems like vaporware. I wonder if and when I will ever receive the hardware reader.

  • how do you get paid when card is swiped? is it linked to checking account or something?

  • @gotrum

    nvm, 2:00min shows that it is linked to banking accounts!

  • @gotrum Yes. Square needs you to register your bank account so they know where to directly deposit the money you make.

  • I really want one of these, RELEASE THEM IN CANADA!! NOW!

  • Does this App work in the UK?

  • This is awesome! But Come on, make a smile :) !

  • To de boas!

  • Kevin Smith lost weight.

  • @wewd That's Adam Lisagor.

  • @wewd Yeah, he did

  • @wewd Okay, that one got me tickled. Thanks for the laugh.

  • @wewd Adam Lisagor.

  • Haha, trafish comments on YouTube vids. THIS IS THE GREATEST THING EVER INVENTED.

  • someone needs to get that guy a nap and a shirt that fits.

  • It's good to see Silent Bob branching out...

  • I can smell the hacking coming :D!

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  • Viro101, even with the monthly and transaction fee included in my sample I can still save a carpet cleaner (my sample) over $1800 per year.

    I could increase the % and pay the transaction & monthly fees myself and still save a merchant money over the square-up plan.

    The bottom line is the total fees, not how a processor gets to that total.

    Square-up is taking advantage of the "cool" factor to rip-off the ignorant/lazy people.

    It's just simple math.

  • NEED FOR THE UK! CHIP & PIN!!

  • OK, say your a carpet cleaner doing 3 $150 jobs a day and swiping debit cards. $450 x 26 days=$11,700 x 2.9% =$339 per month.

    What it should be: $11,700 x 1.39=$163 + $15.60 in transaction fees and $10 statement fee is a total of $188.60. A savings of over $150 per month x 12 months equals $1800 per year. So the card reader is anything but FREE.

  • Beware, if your planning to do any volume at all, the rates are way to high!

    They are charging 2.9% on a swiped debit card, the rate should be 1.39%, that's more than double what it should be.

  • @drcoombe there is no monthly fee and also there is no per transaction fee. these fees rape businesses

  • does it work 4 android

  • @TECHBOY300 not yet but they have said they plan on putting out an Android client.

  • @TECHBOY300 just the nexus one and droid

  • want to see more videos. !!!!!!!

  • @Reddman6988 I feel ya there man. Been a few situations like that myself. Meh, though it could be a negative thing... the more freedom we have in certain areas the more will power one has to use in said area to not go to the 'extreme' (because we are hardwired to push the limits). This is interesting, because I am doubting man kinds willpower in general. lol

  • @DainMiller Honestly, it wouldn't be hard to setup, with craiglist sales and everything nowadays... You could even say its from a home business and claim it on taxes to avoid any irs suspicions

  • Do you have to be a hipster for it to work?

  • @Fredo5227 not at all.

  • @Fredo5227 Haha

  • Is this for real?

  • You just as well just write down the credit card number and just type in the information.

    There is no difference. The device to read the magnet strip is not needed at all.

  • @realisticHomeboy

    In fact it would make much more sense to just snap a picture of the credit card, and have the application recognize the credit card information.

  • @realisticHomeboy If you do that, you will have the information forever, and people wouldn't like that.

  • @pelman535 Why on earth would you have it forever? It would function no different in any other way, than that instead of swiping, you type or take a picture.

    The swipe doesn't do anything except read the information and input that to your phone, just like if it had been typed or input in any other way.

  • @pelman535 Why on earth would you have it forever? It would function no different in any other way, than that instead of swiping, you type or take a picture.

    The swipe doesn't do anything except read the information and input that to your phone, just like if it had been typed or input in any other way.

  • @realisticHomeboy Sometimes it's good to have the resemblance of professionally to make people feel more comfortable.

    When I would canvas for Calpirg (worst job ever), some people didn't feel comfortable allowing me to write their credit card number on some weird paper form. I imagine it's the same with the iPhone. Taking a picture of the card *seems* like an opportunity to do credit-card theft. Having a little card reader makes you look more legit.

    Besides camera phone pictures suck.

  • I noticed that he didn't get that 3% off. Watch at the top right of the iphone as he types in the amount. Then later it still says $300.

  • wow amazing ..... could u pls tell me ... which programe u used to design this presentation and image .... thanks

  • how to you sign up?????

  • Taxing the drug dealers could be a good thing. Maybe the the US can get out of the red

  • Drug dealer can't use this program because they have to pay tax on all the drug they are selling.

  • Sweet

  • God what is wrong w/ u people commenting this vid. All up n down, no 1 is asking or talking about real questions like the fee that it costs to pay peer to peer each time using physical plastic credit cards to one another w/ the ease and use of an iPhone app. Seriously who cares about the fear of hacking/ security concerns cuz on average, no body is smart enough to do it--but perhaps the 1 hackish geek that u pushed in that locker back in junior high.

  • @riemanni exactly.

  • @Deltasixseven exactly right;) but 2 problems, one minor, one major. 1 (minor) not everyone can sign there name on touch screens and 2 (major) not everyone has an iphone so it should be built in on phones that weird tiny adapter. And how the hell does it work in the audio jack?! :P great idea. roll with it and see where it takes you

  • @Superjadi The audio jack can be used to send electric signals to the device, so that the app can read them.

  • Thats genius

  • how do I find the app??

  • I'm not sure what to think of this...

  • Ya I don't think this will take off. It's way too easy to hack.

  • card reader anyone??

  • Nice but real?

  • this could only take off if it was built into phones

  • the app captures your hand signature and your card information. no one else can see a problem with that?

  • This is made by the same people that come up with Twitter

  • Probably won't catch in since you have to buy the add on device. These types of addons don't usually sell very well. If it was just the app and all you had to do was input the card number (or better yet have the camera recognize the number with a snapshot) then it might have a chance.