![]() ![]() Not to mention, it’s very developer-centric, works for business websites and applications, and is rooted in both code and design. Stripe has a cloud-based infrastructure designed for reliability, scalability, and security. Still find this concept confusing? Here’s a visual representation to help you out: Payment gateway process (Image source: Orioly) This is done using a physical credit card terminal or an online processor. We’ve already had a number of posts about Square, the new mobile payment platform launched by Twitter creator Jack Dorsey today, but we’re going to keep posting on it, because it’s just that good.Stripe was founded in 2011 and is a payment gateway that lets you accept credit card payments ( in person or online) by transferring money between your merchant account and a payment processor. Most of the earlier stories covering the launch of Square included a screenshot of an example receipt that is displayed on Square’s site right now. The actual receipt doesn’t quite look like that, but it’s close. I know this because I actually used Square today to buy myself and Dorsey coffee at Sightglass, which is already using the payment system. I made the purchase at 8:47 this morning and the receipt was immediately emailed to me in the form of a link to a Square page. On this page is a receipt featuring the logo of the vendor, their email address, and their Twitter handle. Below that, it shows the amount and the exact time of purchase. And below that is a Google Map of where the transaction was made and your signature. ![]() Other real-world places such as Apple stores have been doing email receipts for a while, but this absolutely should be the way of the future. Not only can I see what I bought, I can easily see and remember where I bought it, and it shows exactly how it will be displayed on my credit card receipt. It’s also humorous how bad my signature is when done with my finger on an iPod touch screen. Naturally, it doesn’t look nearly as good as the example screenshot. Speaking of that shot, Dorsey did note that in the future they plan to acknowledge how many times you’ve been to a certain place, and could even offer up deals from the vendors - not unlike the Foursquare coupon model, which Dorsey is also an investor in.Īs I mentioned in an earlier post, there is also a plan to offer instant SMS receipts as an option in the future.View all of your Square Cash activity in one, easy-to-read convesational-style feed. Heads up, we’ve moved! If you’d like to continue keeping up with the latest technical content from Square please visit us at our new home Īt Square we view commerce as a form of communication - a way for individuals to exchange value with one another, whether it be goods, services, ideas or experiences. When we built Square Cash, we had this idea of conversation in mind. Our goal was to make it as easy to send money as it is to send an e-mail. Why shouldn’t exchanging money be as simple as sending a quick message or a hello? We want everyone - no matter where they are or what devices they use to be able to exchange value with their friends and family effortlessly. In October, we enabled anyone to send money by simply composing an e-mail, ccing: and putting the dollar amount in the subject line. We eliminated the need for complicated sign-up processes and secondary holding accounts, we eradicated confusing fee structures and long wait times. We made it fast, free and easy to send money to anyone. Over the last six months, Square Cash has grown considerably and is processing hundreds of millions of dollars annualized. We’re seeing people use the service to collect money for birthdays, baby showers and concert tickets. ![]() Friends are sharing the cost of bachelor parties and college students are requesting money from their parents. ![]()
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