More details about Starbucks' (SBUX) partnership with Square: 1) Pay With Square will be added...


More details about Starbucks' (SBUX) partnership with Square: 1) Pay With Square will be added to Starbucks' barcode-scanning apps. 2) Starbucks loyalty cards (25% of transactions) won't be affected. 3) The deal is U.S.-only (Square hasn't gone international) 4) ~1M people/week use their phones to help make Starbucks purchases. 5) Starbucks was approached by every other mobile payments firm before picking Square. In addition to Verifone, eBay (EBAY -1.5%) is trading lower.
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Comments (10)
  • CassandraSees
    , contributor
    Comments (627) | Send Message
     
    I turned my friend a small business peson onto Square about a year ago - It was a better deal than what E-bay or other companies were offering - - Square understood the market and crafted their business for the market - All she needed was her I-phone and the little Square plug in and she was ready to take customer card info no matter where she was selling her goods
    8 Aug 2012, 01:59 PM Reply Like
  • Philip Cohen
    , contributor
    Comments (1537) | Send Message
     
    I still don't understand what benefit any arrangement with Square brings to Starbucks. Square is for for merchants on the move, away from B&M, not for physical B&M establishments, and the funds still have to come from somewhere (credit card / bank account) and then go somewhere (bank account), and I am sure Starbucks will want their receipts promptly, as they now do get from the traditional players.

     

    Sheesh, next Starbucks will be announcing "Pay With PreyPal", after eBay agrees to pay for the whole clunky roll out, of course ...

     

    If some of these like announcements weren't so nonsensical—particularly those from the eBay/PreyPal Dept of Spin—they might be comical ...

     

    eBay / PayPal / Donahoe: Dead Men Walking
    8 Aug 2012, 03:44 PM Reply Like
  • leapingcat
    , contributor
    Comments (188) | Send Message
     
    Phil, I'm surprised that you aren't happy with Starbucks choosing Square instead of Paypal; for all we know it may have been your 1584 posts warning us all of the dangers of Paypal and its evil master Ebay that swayed their decision!

     

    In any case, mobile payments are becoming more widespread, popular and convenient, so it would have been short-sighted of Starbucks not to get into bed with at least one mobile payments provider
    9 Aug 2012, 05:45 PM Reply Like
  • Philip Cohen
    , contributor
    Comments (1537) | Send Message
     
    You are surprised?

     

    Square is simply another middleman, albeit a useful one for small merchants away from their usual B&M. And, we are here talking about "mobile" for the merchant, not “mobile” for the consumer. So, I'll ask the question again, what benefit does any arrangement with Square (or the clunky middleman PreyPal) bring to Starbucks?

     

    Repeat: Square is for merchants on the move, away from B&M, not for physical B&M establishments, and the funds still have to come from somewhere (credit card / bank account) and then go somewhere (bank account), and I am sure Starbucks will want their receipts promptly, as they now do get from the traditional players.

     

    Anyone got an answer? Maybe the "Pay With PreyPal" supporters will have the answer; and next time you are in Home Depot, ask a cashier how “Pay With PreyPal” is going—LOL.

     

    In reality, there is absolutely no advantage for any B&M being involved with either Square (or PreyPal "Here") unless they are setting up temporarily away from one of their B&Ms.

     

    This story is nonsense, like all that we have come to habitually expect from that other master producer of spin for the gullible media, eBay …

     

    eBay / PayPal / Donahoe: Dead Men Walking
    9 Aug 2012, 06:46 PM Reply Like
  • The Autonomous Guy #23
    , contributor
    Comments (205) | Send Message
     
    AH....My favorite Comedian blathers on ...Again....

     

    *********************** The E- Mafia*****************...
    8 Aug 2012, 09:36 PM Reply Like
  • Philip Cohen
    , contributor
    Comments (1537) | Send Message
     
    Hey, eBay shill, are you still trying to bring attention to your employer's criminal activities? Well, I would not want to disappoint you ...

     

    “Shill Bidding on eBay: Case Study #5”
    http://bit.ly/N1nTlc

     

    eBay / PayPal / Donahoe: Dead Men Walking
    8 Aug 2012, 09:48 PM Reply Like
  • CassandraSees
    , contributor
    Comments (627) | Send Message
     
    Mr. Cohen - What did this company do to you that you are so incredibly angry at them??? I checked out a couple of your links and there does seem to be supporting evidence of a company ignoring its clients concerns regarding Paypal - - It seems this would be your chance to evaluate the company and sell your shares, if your think that management is so deeply flawed that it would affect the price. Why not sell and move on? Such deep seated anger cannot be healthy for you.
    9 Aug 2012, 08:46 PM Reply Like
  • Philip Cohen
    , contributor
    Comments (1537) | Send Message
     
    Wot, another low-count commenter. Me, angry? No, just persistent. So, you too, are not concerned about the massive fraud that eBay is knowingly facilitating on US consumers, indeed consumers the world over?

     

    What is it then about you stock market speculators that makes you so crass about such blatant and massive criminal activity? Is it simply that such white-collar criminals don’t use a firearm to rob their victims, and indeed many victims don’t even know that they are being robbed? And in your mind, that makes it OK? Or what is it; do please try to explain it to me …

     

    And for those of you that are curious as to what is causing the eBay lobbyists so much anxiety, it’s a clear demonstration of the utter unscrupulousness, indeed criminality, of eBay ...

     

    “Shill Bidding Fraud on eBay Auctions: Case Study #5”
    http://bit.ly/N1nTlc

     

    eBay / PayPal / Donahoe: Dead Men Walking
    9 Aug 2012, 09:06 PM Reply Like
  • alphaman
    , contributor
    Comments (319) | Send Message
     
    Mr. Cohen, you should remember that hating someone or something is like you taking the poison and waiting for that person or thing to die.

     

    Let it go!
    9 Aug 2012, 10:34 PM Reply Like
  • Philip Cohen
    , contributor
    Comments (1537) | Send Message
     
    Wot, not another low-count commenter, criticising the messenger and ignoring the message? Regardless, can you not read? I don't hate anybody. What I do object to is blatant and massive facilitation of fraudsters. You apparently have no problem with such criminal activity; is that what you are saying?

     

    And for those of you that are curious as to what is causing the eBay lobbyists so much anxiety, it’s a very clear demonstration of the utter unscrupulousness, indeed criminality, of eBay ...

     

    “Shill Bidding Fraud on eBay Auctions: Case Study #5”
    http://bit.ly/N1nTlc

     

    "Let it go!"—in your dreams ...

     

    eBay / PayPal / Donahoe: Dead Men Walking
    9 Aug 2012, 10:53 PM Reply Like
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