[bobsky]

A natural addition. And just like Square Cash, just enter bank issued debit card for fee-free transactions.

Now if it would work outside the US and in-between different countries, that'd be the killer app. Is there anything close to that dream?

[dvcc]

How often do international transactions actually occur though (for small payments between friends)? I feel like it is such a small market it probably is not worth the extra hassle from a legal/fraud standpoint.

As for outside the US, I was under the impression that most banks provide a free service for these transactions.

[guelo]

Remittances are one of the largest capital flows to developing countries totaling $400 billion in 2014.

As they say, if you could capture 1% of that market ...

[foobarqux]

... then you still wouldn't make much money because the margins are so low.

[ForHackernews]

> just enter bank issued debit card for fee-free transactions.

IIRC, Square is only able to do this by abusing the "refund" feature of debit cards to credit money to those accounts. I read an article a while back that claimed the banks were not happy about this, and considering shutting it down (or rate-limiting it) in the future.

[Vraxx]

I believe that was only speculation as to the method.. Though the alternative that was speculated was transfers at a loss to Square (with an increased user base as the motive).

[chishaku]

Check out transferwise.com.

[fapjacks]

Definitely second transferwise. I use it all the time, and it's fast and easy without seeming skeevy like Western Union or whatever.

[voltagex_]

What's the catch?

[fapjacks]

So far, none that have caught up with me. It does what it says on the tin, and it's cheap and fast. I'm not sure there is a catch.

[wongarsu]

I guess that's what https://www.circle.com tries to be. I haven't personally tried them tough.

[Istof]

... and insurance-free, as opposed to credit cards