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Could Apple make it so that in iphone six could run merchant software so that it could accept apple payments? THAT would hurt square. Until then I think they full a niche that apple isn't really touching yet.

It might be something to add for next year but I imagine right now they are looking to get the kinks out of the system for majority use.
 
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Square will probably sell to Google for 6 billion and turn into another hardware company that went to **** post Google acquisition.
 
I'm glad the Square deal did not go through. The Apple Pay system sounds like a winner. A much better system for consumers once it is embraced by many.

And even the CEOs of credit card companies say that Apple Pay is a good idea. They are actually glad that Apple is working with them rather than competing against them.

Once Apple Pay hits critical mass (will take a couple of years), Square will realize that it lost the opportunity of lifetime.
 
no wonder they rejected it!

3 billions is barely more than 50% of an ultra low res video game

(hint: the one microsoft is trying to buy)
 
I like what Square is doing, and I love that they make it super simple for small businesses to use their service.

I don't think Apple Pay will really impact Square, at least to start with, because they're such different methods. Apple has clearly aimed at big companies with their service whilst Square still markets to boutique and small store type of things.

All the same, I bet the Square execs got a bit of a shiver when Apple Pay was announced, especially considering that Apple is obviously interested in snatching up market share in the very market you're in.
 
Time will tell if they sink of sail. I predict sink in three years. Apple pay FTW!
 
Because they believe based on other information that they have that they are worth way more? Not irrational at all.

As for Apple Pay being a better system, its two opposite ends of the stick. Square is all about allowing you to ACCEPT payments on your iPhone. Apple Pay is all about MAKING payments with your iPhone.

Well Square operates at a loss, so I can see where Apple is coming from. Micro payments are not profitable, and there is no sign that Square has it figured out.

Apple pay isn't allowed at the LARGEST RETAILER IN THE WORLD, Walmart


Square isn't worried about Apple

Square isn't allowed at Walmart either. Point is moot and Square's dominance is in smaller businesses.
 
In other words, I'm baffled by those of you who think Square is in trouble.
Square isn't quite in trouble ... yet.

As Krizoitz wrote above, square is in the business of accepting payments using a physical credit card, while apple is now in the business of users making payments. Apple just disrupted square's business model. Now, we'll "soon" have a significant number of people who won't be carrying credit cards, but will instead be paying via their phones -- how do you think that's going to affect square? Sooner or later, someone is going to create a portable NFC Apple pay terminal (maybe something that works via bluetooth?), and that's really going to screw with square's business model. Of course, this assumes that the hardware is relatively cheap, but widespread adoption can help with that (although it won't be anywhere near as cheap as square's hardware).
 
Because they believe based on other information that they have that they are worth way more? Not irrational at all.

As for Apple Pay being a better system, its two opposite ends of the stick. Square is all about allowing you to ACCEPT payments on your iPhone. Apple Pay is all about MAKING payments with your iPhone.

Of course, and when Apple turns on the ability to accept payments via NFC, which is likely a line of code away, Square will get crushed.

Who's going to want to fumble with a credit card or a dongle that works 75% of the time when you can just use TouchID?
 
I like what Square is doing, and I love that they make it super simple for small businesses to use their service.

I don't think Apple Pay will really impact Square, at least to start with, because they're such different methods. Apple has clearly aimed at big companies with their service whilst Square still markets to boutique and small store type of things.

All the same, I bet the Square execs got a bit of a shiver when Apple Pay was announced, especially considering that Apple is obviously interested in snatching up market share in the very market you're in.

The only way, in the immediate future, that :apple:Pay disrupts Square is by giving merchants a reason to consider alternatives to Square.
 
Point is moot and Square's dominance is in smaller businesses.
Smaller businesses will have some interesting choices to make if their customers aren't carrying around physical credit cards, but are instead using Apple pay.

However, this is probably 2-3+ years off.
 
Square is embracing "chip and pin" technology. This won't be as simple as apple pay and there won't be any finger print ID. Not sure if Apple pay will hurt square but judging by the way they've started reaching out to their users lately I imagine they're concerned.
 
Smaller businesses will have some interesting choices to make if their customers aren't carrying around physical credit cards, but are instead using Apple pay.

However, this is probably 2-3 years off.

I meant the point about Walmart was moot. I agree with you. But I don't think Apple wants to become a payment processor just yet.

By the way, if iPhone 6 is equipped with NFC, why can't processor leverage it to accept :apple:Pay? Essentially they would just need a reader and integration w/ their app.

Square would have to change their business model to do that, btw. Since they are an aggregate model and Apple Pay passes interchange.
 
All the same, I bet the Square execs got a bit of a shiver when Apple Pay was announced, especially considering that Apple is obviously interested in snatching up market share in the very market you're in.

I don't think they're in the same market. Above a certain business size or in a more stable (ongoing) business, you'll have a higher chance of finding a terminal that might have NFC capabilities. Square tends to be in the smaller players that can't readily afford or are not ongoing enough to justify such terminals.

Example: NFC terminals will be found at Nordstroms, Macy's, McDonalds, Starbucks, etc. Someone collecting money with Square might be running a garage sale, flea market, a one-off sporting event, or a relatively small retailer (think kiosks instead of stores).

Anyone could be in business to take credit card payments with Square for free (they'll give you the dongle). It will take some cost to set up the system to take payments via Apple Pay. Very different markets.

Could Apple eventually bite into Square's space? Sure. As someone else said, bump phones or some kind of variation of airplay-like functionality. Will they? I don't think so. Does Apple see much profit opportunity taking a tiny slice of credit card charges realized at a garage sale or hot dog stand?
 
Smaller businesses will have some interesting choices to make if their customers aren't carrying around physical credit cards, but are instead using Apple pay.

However, this is probably 2-3+ years off.

Exactly. The writings on the wall. Will they go the way of Blockbuster or the way of Netflix? Either way, their business model is going to be forced to change.
 
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