05-05-2012, 10:34 PM
Square Up was the first company to enable small businesses, especially very small businesses like myself, to accept credit card payments on a smartphone for a reasonable fee and without a merchant account with a monthly fee. i always thought it was a game changer in empowering the micro-merchant.
PayPal is coming up with a similar offering called PayPal Here. slightly lower fee rate and with strong name recognition. I think the name recognition is going to significantly hurt Square Up. I often have to educate people about Square Up. With PPH i could probably just say it's a PayPal thing and people would feel at ease with.
competition is a good thing but i sure hope Square Up survives.
PayPal is coming up with a similar offering called PayPal Here. slightly lower fee rate and with strong name recognition. I think the name recognition is going to significantly hurt Square Up. I often have to educate people about Square Up. With PPH i could probably just say it's a PayPal thing and people would feel at ease with.
competition is a good thing but i sure hope Square Up survives.