@@PeterGodmez yes I agree wholeheartedly,however company man isn't nearly as consistent nor motivated to put out more than 2 or 3 a month.Thats why I enjoy cnbc doing it it's double the infotainment
Are people though? We still have a have a large group of poor people. Then we have these "poor" people trying there best to shove people into college. Even though college Is a super risky ass investment
As a merchant, I greatly prefer Square ver PayPal. They are much more friendly to the businesses they work with, and their rates are similar to stand-alone merchant processing but provide many more benefits. It's hard to understand why they are such a lackluster stock, considering their size, profit and customer base.
me niether, but credit cards are not that important in Europe, main use is online and when you travel internationally .. else a debit card is so much more logical, and works fast with a simple pin code:) by the way, really, the magnetic strip is still the way most USA shops scan credit card? wtf? in Europe France was the country that was latest to shift to much safer chip scan instead of still using the static mag strip that's technically not so hard to duplicate...
@@transistor323 Canada moved "en masse" the chip reader virtually the moment it came out. I was flabbergasted that in California in my old hood there are levels of economics that not only don't have chip capability, they don't even sell reusable grocery bags but have plastic bags almost unusable. We're always told ad nauseum that the USA, ESPECIALLY California and New York, are always on the leading edge of innovation, chic, and where it's at. Not really. Even EXXON, the worlds' largest or second largest oil company, only takes "kash" or it's own "kard"?? Really? Gas station on the same corner vary their prices by huge amounts? It feels like the sixties all over again, without the fun.
In India we use UPI(Unified Payment Interface)....linking our cards to an UPI ID...do all transactions are done bank to bank...We just scan and pay...No physical device setup cost...Just smartphone does the work.
Cancer maker, for every single customer, a pop up coming and telling " printer connected" or printer disconnected" or "chip reader connected" chip reader disconnected
I’ve seen Jack Dorsey sitting five feet from me when I had a high school internship at square hq in San Francisco I essentially walked by a few billion dollars
If only you would see yourself as more valuable than money. Then you would break the spirit of poverty in your life and praise God as money flies your way
Since 2016 this app has helped me. I am able to see the percentage previous year earnings to present. It motivates me I need to push 20% more in my earnings each year. I just hope they don't close it.
Why can't people used simple QR code payments, In India we have like google pay, paytm, phonepe. Simple connect your bank with your phone number and pay, Even cashback is given.
@@hasshamhabib9174 actually only 5 percent dont have toilets. India and most of asia use more advanced latrines that clean with water instead of toilet paper which saves millions of dollars in paper and is more eco friendly.
Can't believe how often the card stripe with signature is still used in the USA. I haven't used my card stripe in years, just chip and pin/ contactlessly for everything. That's for both my credit and debit card.
I've been telling train hustlers who sell candy chips and soda to get cash app. Street performers and all. They never took it serious so they didn't get my money.
I used their service for 6 years now. Two years ago I took a small loan from them with fixed amount added instead of interest rates. I paid CB it off and decided to take a bigger one. That changed my relationship with Square. I noticed that I’m hesitant charging customers through Square because of an additional fee taken from the payment, then opened PayPal and another merchant account that are similar to Square. I’ll pay off square loan at one point, but that would be the end of our relationship. They made a mistake by not charging interest rate like other lenders, but adding fixed loan percentage and then taking 17% from daily sales, which if you have $2k + per day accumulates a large sum taken from your pay check, which in turn accelerates the payoff. Paying a fixed fee in a short time ($450 from $5k loan) equals to high interest rate loan..
Strange, PayPal is a billion times worse, I've had nightmares of using PayPal's service and their awful terms of service. I'm not a business owner but I used them for my freelance work and also selling products. I've lost an untold amount of money, or rather they stole it from me legally, using PayPal. They are legal financial pirates. It's abhorrent.
Its intended to be simple. But as a small business (private instruction) this actually made things more frustrating. All my "we dont do cash families" never stuck to one platform. It was either cash app, paypal (NOT a small business friendly at all!), venmo...with what I charged an hour it got really annoying. So I turned the table and demanded cash only (oh yah...and I get to keep the entire amount).
In South Africa we have two things. 1. Money Market Money market is an in store money transfer service like Western Union 2. Cash Send/ E Wallet Is a bank to peer service where you can send money to anyone using your bank app and they withdraw at the banks atm for free no charges to the withdrawer So our two products fail in terms of convenience. With the rise of high end smart prices and ntc being used as a product differentiator cash app would not work in South Africa. We are still stuck with sending texts to tell the withdrawer to go to the atm or go to the store to get your money.
I think it is important to touch on the fact that the Bitcoin feature of Cash App has been Square's only segment that was profitable from the first day it opened for business.
“To protect themselves from holding all of this risk on their balance sheets, Square also sells off the loans for a lump sum to other Companies and then continues to collect a service fee from the buyer.” That sounds familiar.🤔 I think the year 2008 would like say something...
damn. I wish I bought Square before covid. I use Square to charge credit card but that's it. I did not know they collect loan payments through daily swipes. That's so cool.
which is smart because the company banks in US and is subject to US regulations. they can withhold your money i.e. Canadian coffee shop using coffee beans from Cuba had $11,000 of Square payments locked up because of the US-Cuba embargo
A Rot Ever been to Japan, the 3rd largest economy in the world? All shops there use Square. They are also expanding in U.K. and Australia. So, open your eyes before opening your mouth next time.
Why didn’t you pop up in my recommendation 12 months ago so I would have bought this stock at 70ish instead of 140 lol (still made a lil bit of money tho so it’s not TOO bad
The Square small business loans remind me of the micro loans making a huge difference in Africa. Local entrepreneurs giving local businesses a few hundred dollars for basic upgrading and expansion, that the banks won't even look at. It could be as simple as a new delivery bike for the bakers, but multiply that by thousands across a country and it's having a big impact.
Will be interesting to see how this Coronavirus lockdown affects Square. It will be tough on them if businesses can't pay back loans, given they're all closed...
@@Stoneface_ meh, all stocks are insanely high due to the FED printing money. I think we didn't get the chance to see the real impact of covid. Also in the US small businesses got help from the govt I think. Stock prices are not realistic rn, lots of ATH despite revenues being low
In Ghana, Nigeria and a few other West African countries we have mobile money, and mobile cash, a very reliable way of paying for goods and services, from one phone to the other through your mobile service provider. You can also connect it to your bank account. Asia even has better services in the financial sector for small businesses. US is now struggling because of their numerous regulations and powerful corporations.
So a guy in St. Louis ... Had a father who was the dean of the school of engineering at Washington University St. Louis. He inherited his fathers money and had been a serial entrepreneur for 30 years but never was successful ... He had two programmers working for him at one time. The first one was myself and the second one was Jack Dorsey. So the entrepreneur was in to glassblowing and art but not much of a hands-on software developer. He designed the square logo as the swiping device. Supposedly he approached Jack after he successfully created Twitter for the capital to create Square Inc. But he became a silent partner and let Jack Run everything since he was just an ideas guy. later he donated 15 million to the school of engineering to have it re-named after his father. Then he moved to San Francisco ... Don’t know what McKelvey has been up to since.
Lmao Now sq Stock had rose almost to 130 during corona. I told my mom to buy the SQ stock for my birthday and I got enough money to buy a new graphics card.
0:54 this is why you dont listen to people on your tv and you listen to yourself. these people are not professionals lmao.they're saying dont buy at 60, the company is more than 200 now. these people make me sick.
Square is only getting bigger. None of their competition can compete, it's the nicest payment processor you can buy right now for any small business. It's dead simple too.
Heard news, Canadian coffee truck shop uses cuban coffee and square process transation but USA bank does not give money to the business owner because the owner uses cuban coffee.
So retailers pay Square 2.75% plus per transaction. What have the credit card companies they usually get 2% or more, so if you are using a credit card, does the retailer now have to pay Square and the Credit Card companies?
Hopefully Square buys Nash then uses and advertises Nash Pay for crypto payments into fiat *instantly* then automatically converts it into a decentralized manner.
@@Nimatodesexcept the price goes up/down every minute. I'd need medication to own that stuff. WE actually have a bitcoin mine here in town, on the banana side of the Rockies, but it has more to do with guys that ALREADY have money, cash flow, underground economy, and are looking for miriad ways to "wash" what they ALREADY have. No thanks.
Just a European guy which came here to find out about square shape in business (maybe product design). I had no clue about the existence of the Square company...
@tap cloud Maybe, maybe not. Unless you're upper CIA official, we'll never know will we? But unless you're chinese, i'm guessing you're probably a "beneficiary" of US manufacturing in MANY SENSES of the word..."manufacturing."
All over the world, especially asia. People using e wallet for payment and transfer money. use just the smartphone and QR code. Merchant just display their QR code. no need extra device to complete payment. In US, today.... still using credit card terminal for payment.
