How is that different from PayPal? To me the hardware is what Square is about. | Hacker News

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		wmf on Dec 1, 2009 \| parent \| context \| favorite \| on: Squareup How is that different from PayPal? To me the hardware is what Square is about.

ivankirigin on Dec 1, 2009 [–]

Yes, paypal does something similar for online payments. I'm pretty sure the lag for merchants is longer.

Note that PayPal was revolutionary and is worth many billions of dollars - largely because they could handle the fraud this kind of configuration causes.

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