{"id":8227,"date":"2013-11-21T15:44:52","date_gmt":"2013-11-21T20:44:52","guid":{"rendered":"http:\/\/mjtsai.com\/blog\/?p=8227"},"modified":"2013-11-21T15:44:52","modified_gmt":"2013-11-21T20:44:52","slug":"how-square-moves-cash","status":"publish","type":"post","link":"https:\/\/mjtsai.com\/blog\/2013\/11\/21\/how-square-moves-cash\/","title":{"rendered":"How Square Moves Cash"},"content":{"rendered":"<p><a href=\"http:\/\/jonbwhite.tumblr.com\/post\/66853226398\/how-square-moves-cash\">Jon White<\/a> (via <a href=\"https:\/\/news.ycombinator.com\/item?id=6763474\">Hacker News<\/a>):<\/p>\n<blockquote cite=\"http:\/\/jonbwhite.tumblr.com\/post\/66853226398\/how-square-moves-cash\"><p>Once you do this, Square will send you an e-mail that asks you to enter your debit card info, and you are done.  Cash sent.  On the receiving side, you also get an e-mail asking for your debit card, and nothing more.  There are no bank account numbers involved, how can they do this?  The answer deceptively simple: <strong>they issue a refund to your debit card for the amount you are sent.<\/strong><\/p>\n<p>[&#8230;]<\/p>\n<p>Now, you <em>can<\/em> use Square Cash directly with a bank account, but only for receiving money, since the two-step ACH verification process is only needed to make withdrawals from an account. A debit card is still required to send cash.<\/p>\n<\/blockquote>","protected":false},"excerpt":{"rendered":"<p>Jon White (via Hacker News): Once you do this, Square will send you an e-mail that asks you to enter your debit card info, and you are done. Cash sent. On the receiving side, you also get an e-mail asking for your debit card, and nothing more. There are no bank account numbers involved, how [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"\"\"","apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[2],"tags":[169,638],"class_list":["post-8227","post","type-post","status-publish","format-standard","hentry","category-technology","tag-payments","tag-square"],"apple_news_notices":[],"_links":{"self":[{"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/posts\/8227","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/comments?post=8227"}],"version-history":[{"count":0,"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/posts\/8227\/revisions"}],"wp:attachment":[{"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/media?parent=8227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/categories?post=8227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mjtsai.com\/blog\/wp-json\/wp\/v2\/tags?post=8227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}