> a relatively uncommon mode of payment where I live
This differs a lot within Europe. In Scandinavia cash is really uncommon.
EDIT: Ok, so you're talking about debit versus credit card? That's a different story but then I don't understand how you see Square as US centric. It applies to debit cards as well as credit cards. The reason it won't work in Europe is because most countries here require chip (see iZettle for a competitor with support for chip).
Ah ok yea thanks for clarifying that. I was under the impression that Square only works with credit cards. I can understand I guess the convenience of using a small card reader attached to your phone instead of a bulky POS terminal.
I guess what's more difficult for me to understand is the value surrounding wiring money. My bank in the Netherlands doesn't charge me a fee to withdraw money at any ATM in the world and I can transfer to any European account given the IBAN free of charge too.
So just curious as to what pain point Square and other payment companies serve in that case.
This differs a lot within Europe. In Scandinavia cash is really uncommon.
EDIT: Ok, so you're talking about debit versus credit card? That's a different story but then I don't understand how you see Square as US centric. It applies to debit cards as well as credit cards. The reason it won't work in Europe is because most countries here require chip (see iZettle for a competitor with support for chip).