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Shaggar posted:how the hell do you lose money as a payment processor? you can't, unless you are purchasing other services to use with your own or you sponsor a team or use the money recklessly. in the case of square, it’s a case of bad business practices. could someone explain to me how going public with this ipo while operating under losses will help? the public market is very adverse to companies operating while under loss.
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Oct 15, 2015 00:47
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Nitrocat posted:you can't, unless you are purchasing other services to use with your own or you sponsor a team or use the money recklessly. in the case of square, it’s a case of bad business practices. could someone explain to me how going public with this ipo while operating under losses will help? the public market is very adverse to companies operating while under loss. tech bubble. square is a known brand and idiot assholes will throw money at it. they will then use that money to continue operating.
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Oct 15, 2015 00:49
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duTrieux. posted:tech bubble. square is a known brand and idiot assholes will throw money at it. they will then use that money to continue operating. i thought that was more a private investment thing, though? my understanding was that tech companies only ipo to provide the private investors an easy profitable out before the company crashes and burns
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Oct 15, 2015 00:54
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it's still possible to manipulate the ipo such that the bag gets passed from the private investors to the public market
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Oct 15, 2015 00:55
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an ipo only lets the initial investors cash out if somebody else is willing to buy their stake
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Oct 15, 2015 00:56
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duTrieux. posted:an ipo only lets the initial investors cash out if somebody else is willing to buy their stake oh. gotcha
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Oct 15, 2015 00:57
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I saw square terminals for sale at the checkout at Lowes.
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Oct 15, 2015 00:59
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they were between the super glue and the flashlights that attach to your head
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Oct 15, 2015 01:00
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FCKGW posted:they were between the super glue and the flashlights that attach to your head those are both good products
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Oct 15, 2015 01:00
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like, you'll think that you'll never need to use the head flashlight thingy but one day when you're poking at a leaking water heater in the dark you'll be all 'yeah this was totes worth it'
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Oct 15, 2015 01:01
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FCKGW posted:they were between the super glue and the flashlights that attach to your head since when does lowes sell fleshlights
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Oct 15, 2015 01:02
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duTrieux. posted:like, you'll think that you'll never need to use the head flashlight thingy but one day when you're poking at a leaking water heater in the dark you'll be all 'yeah this was totes worth it' headlamps are handy for hiking / mountaineering
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Oct 15, 2015 01:03
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Parallel Paraplegic posted:i scroll down the page, skimming the replies. pretty normal yosposting when suddenly, someone who is stupid and wrong! hm, they're not wrong about tech so it couldn't be shaggar... ah i know! my eyes flit to the left and yep, exactly who i thought it would be, ice rear end tongue guy.
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Oct 15, 2015 01:41
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you'd think that a guy releasing a billion pages of government secrets would have found same saying "buy ads about how wifebeating is bad so we can jail libertarians" to back up his arguments
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Oct 15, 2015 01:45
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duTrieux. posted:like, you'll think that you'll never need to use the head flashlight thingy but one day when you're poking at a leaking water heater in the dark you'll be all 'yeah this was totes worth it' 
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Oct 15, 2015 02:52
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lol square
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Oct 15, 2015 07:30
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I love square and hope they live. I use them every day and they saved my rear end over and over. I wish the reports it generated were better for reconciling tho
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Oct 15, 2015 07:43
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Compare square to the twin fd100's my work used to "lease" from the bank for 50 bucks/month. ROFL. loving criminals.
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Oct 15, 2015 07:45
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once square is a public company, how long will it be before some other, more awful company acquires them?
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Oct 15, 2015 07:51
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Pinterest Mom posted:lol square how does one go about performing such a heist, hypothetically
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Oct 15, 2015 07:57
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i'm honestly surprised square and stripe haven't merged somehow to try and avoid being another braintree. square has some solid physical card processing poo poo going on with mediocre online poo poo, and stripe has a solid online game. it seems like a situation where i'd like two non-poo poo companies to team up and at least continue to be non-poo poo.
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Oct 15, 2015 07:58
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also square's emv hardware/software poo poo is seriously great for the money. they're boasting like <15s processing where your average poo poo verifone terminal is doing 45-60s per card read.
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Oct 15, 2015 08:02
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yeah, the basic square service is honestly pretty great, lots of shops I go to use it including the coffee shop downstairs, and I've been following them ever since they rolled out since several friends were (very) early employees then they went and did things like the Starbucks deal and canceling their IPO and, well, what the gently caress? I was also bummed when they canceled Square Wallet, I used that all the time for food trucks and the downstairs coffee shop
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Oct 15, 2015 08:11
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ultramiraculous posted:also square's emv hardware/software poo poo is seriously great for the money. they're boasting like <15s processing where your average poo poo verifone terminal is doing 45-60s per card read. Square blows everyone else completely out of the water. Be it in transaction time, hardware/software, !merchant control panel, shipping orders, and fees. No contest. It's loving ridiculous.
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Oct 15, 2015 08:13
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eschaton posted:I was also bummed when they canceled Square Wallet, I used that all the time for food trucks and the downstairs coffee shop I liked square Wallet too, but I feel like it was hamstrung by it needing a good GPS lock and a lot of devices back then had lovely GPS. Lead to bad qoe for a lot of users and merchants.
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Oct 15, 2015 08:16
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one seller? how the gently caress does that happen? did they somehow have to pay a settlement to hem over something?
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Oct 15, 2015 08:41
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ultramiraculous posted:also square's emv hardware/software poo poo is seriously great for the money. they're boasting like <15s processing where your average poo poo verifone terminal is doing 45-60s per card read. wait, is that time the customer's just standing there waiting for their card to be accepted?
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Oct 15, 2015 10:55
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qntm posted:wait, is that time the customer's just standing there waiting for their card to be accepted? yes. emv is going to be a fun clusterfuck as it rolls out because some terminals are awful at it.
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Oct 15, 2015 11:53
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that's pretty common for small scale emv terminals. the one at my dentists office always takes at least a minute to process my card. but it's not like I go there every week. the ones at the supermarket take a couple seconds at most.
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Oct 15, 2015 12:02
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that reminds me, isn't everyone supposed to get chipped cards by now my credit union is being lazy it seems
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Oct 15, 2015 12:44
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I have a card through chase and the lazy fuvks are going chip+sig instead of chip+pin, good thing I'm a big fat goon and don't go abroad much or indeed at all
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Oct 15, 2015 12:53
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computer parts posted:that reminds me, isn't everyone supposed to get chipped cards by now smaller banks are slow about it because it costs $10-20 to reissue each card and they don't face $10-20 per account of skimmed card fraud retailers are grumpy and slow about switching because the new encrypted PAN fucks with their customer tracking and data mining systems, and because it is slow as balls compared to a swiped card. expect high value or common use locations for fake cards to switch first (Walmart has forced me to use my chip for months now). the PAN thing is why Apple Pay has been so slow to launch despite nearly every new terminal having a nfc reader. the retailers demanded the next revision of the tokenization spec include a unique per account identification code though so retailers can track someone no matter which card or phone they use.
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Oct 15, 2015 13:04
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computer parts posted:that reminds me, isn't everyone supposed to get chipped cards by now they are supposed to start rolling it out this month. they have a year to do it.
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Oct 15, 2015 13:19
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Space-Pope posted:he literally raped and murdered children. you can't be surprised that he acts like a psychopath Sick of your repeated lies boo.
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Oct 15, 2015 13:27
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computer parts posted:that reminds me, isn't everyone supposed to get chipped cards by now got mine a week or two ago. i tried using the chip once but it wasnt active on the reader i tried, so.
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Oct 15, 2015 13:38
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i use the gently caress out of square. i have people calling me weekly to switch to their equipment/system but no one can beat the 2.75% at my average transaction price. i had one place talking about zero processing fee and just 25 cents a transaction which would end up costing me over a nickel on average more per transaction. one guy was trying to sell me a tablet ecosystem that would need me to buy a $500 android tablet with a built in card reader so they could charge me more per swipe.
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Oct 15, 2015 14:09
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Oh, square actually separated out the starbucks transaction revenues and costs in their IPO filing "Starbucks Transaction revenue" was 114 million in 2013, 123 million in 2014, and 63 million (up 6 million) in first half of 2015 "Starbucks transaction costs" were 140 million, 151 million, and 77 million over the same three periods. It looks like they were only charging 80% of their transaction costs to Starbucks and eating the rest
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Oct 15, 2015 14:29
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Phobeste posted:I have a card through chase and the lazy fuvks are going chip+sig instead of chip+pin, good thing I'm a big fat goon and don't go abroad much or indeed at all the loving wailing and gnashing of teeth if people were to need a pin for their credit cards would drown out all other noise in the us
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Oct 15, 2015 14:31
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theflyingexecutive posted:the loving wailing and gnashing of teeth if people were to need a pin for their credit cards would drown out all other noise in the us cuckbubble
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Oct 15, 2015 14:32
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ultramiraculous posted:i'm honestly surprised square and stripe haven't merged somehow to try and avoid being another braintree. did something happen to braintree?
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Oct 15, 2015 15:30
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