Square, a futuristic payments company, is rolling out an old-school plastic debit card
As Silicon Valley looks towards a cashless, card-less future, Square’s latest move is a bit of a throwback.
The mobile payment company is launching a debit card — or rather, a prepaid balance card — that connects to the company’s app rather than a bank account, Recode first reported.
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The slick, all-black Visa gives customers a new way to unload the balance accrued from exchanges within Square’s money-transfer service.
It also lets holders forgo the one-day delay — or one percent instant-access fee — that otherwise restricts access to freshly received funds. Read more…More about Mobile Payments, Square, and Business
Source: New feed