Starbucks backs Square: Yet another way of paying with your phone

8 August 2012

starbucks-logoStarbucks have invested £16m into Square, another electronic payment service, but this one is founded by Twitter co-founder Jack Dorsey. Pretty much all Starbucks in the US will be accepting payment via this new service, which sees cards getting slotted into a small device connected to a smartphone. It'll be rolling out everywhere else, soon.

Soon, the high street will have so many different payment systems via smartphones that we won't know our arses from our elbows and we'll all shout angrily at our phones at the huge number of apps eating all our memory as we have download them all to make our phones compatible with the highstreet.

In a letter posted to Square's website, chief executive Mr Dorsey said the deal would help "accelerate" the product. "When Starbucks builds the Square Directory into their apps and in-store Digital Network, it gives Square new visibility, driving more customers to opt-in to Square."

Is a plug-in device better or worse that NFC-enabled devices, which will see customers swiping their phones for transactions?

Either way, it feels like we're all going to have to undergo training courses to get this all clear in our heads.

TOPICS:   Technology   High Street News   Mobile   Economy


  • Mr P.
    What, so you have to carry a separate box round with you, plus a card, to make it easier for them to take your money? Er, no.
  • Sicknote
    The coffee shop around the corner from my office that sells coffee in a brown glass mug accepts cash, £1.10 to be exact. And, it's milky coffee and not Latte...
  • DM999
    Surely starbucks coffee is for people who have no taste in coffee or are corporate whores? They'd be better off selling warm milk to babies in exchange for milk tokens. Oh, hang on a minute....
  • Marky M.
    If it was Caffe Nero or Costa I'd consider it. But for the dishwater they pass off at Starbucks? Not a chance.
  • Zleet
    Wouldn't it be better if the all the mobile manufacturers came together and decided a standard system for making these payments but that you could connect various electronic wallets and paypal type accounts for putting the money in? Better than fifty incompatible apps and every handset being different, or even worse having ugly things stuck to your phone with 'Barclaycard' or 'Visa' in big letters.

What do you think?

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