@mdudas @owenthomas jumping in (was a bit busy) but this is cray,wonder how they’re doing it. my guess is eating the costs like the dongle
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Replying to @iankar_
@iankar_@mdudas Statement from@Square is laughable: "We found a way to reduce the cost to zero." Magic! cc@BrianRoemmele1 reply 0 retweets 2 likes -
Replying to @owenthomas
@owenthomas@mdudas@BrianRoemmele lol. they could have phrased that better. could be waiting for cardholder present rates to kick in2 replies 0 retweets 1 like -
Replying to @iankar_
@iankar_@mdudas@BrianRoemmele That's one theory:@Square was losing money on Wallet anyway because of CNP rates. Might as well go for it.2 replies 0 retweets 1 like -
Replying to @owenthomas
@owenthomas@iankar_@mdudas@Square the thing is this is unsustainable and someone will lose. See "Square $275 fixed monthly price".2 replies 0 retweets 1 like -
Replying to @BrianRoemmele
@BrianRoemmele@owenthomas@mdudas@Square maybe they could keep this at 0 and make money off other stuff(capital?)2 replies 0 retweets 1 like -
Replying to @iankar_
@iankar_@owenthomas@mdudas@Square This would not be a wise business choice for Square.2 replies 0 retweets 2 likes -
Replying to @BrianRoemmele
@BrianRoemmele@owenthomas@mdudas yeah just trying to rationalize 0 fees. like merchants will be pissed if/when square raises rates no?1 reply 0 retweets 1 like -
Replying to @iankar_
@iankar_@owenthomas@mdudas When Square erased the $275 fixed monthly option they lost respect and loyal customers. This situation is worse3 replies 0 retweets 1 like -
Replying to @BrianRoemmele
@BrianRoemmele@iankar_@mdudas Difficult to sell them on "new" Order, even with 0% and pay by name.1 reply 0 retweets 2 likes
@owenthomas @iankar_ @mdudas Owen hence: 'Sometimes you can't give things away to the astute, practical and pragmatic merchant'
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