Sending and receiving money online is not always as easy as we would like it to be. Purchasing items online is easy enough, with merchants offering a variety of payment methods, but when it comes to transferring cash, it’s a different matter. Not only can it be a slow process, but you might also end up having to go the old-fashioned way at the end of the day.
That’s where Square Cash comes into the picture.
Square Cash comes from the already well known group Square Inc., which made its name in the smartphone-swiping device niche. Many a small merchant has had their business much improved by solutions from Square Inc., and this time, the private individual can take advantage of this new way to send money online.
The solution may not be elegant, but it’s so simple. All you need to do is to use your email to send money.
How exactly does Square Cash work?
There are three steps:
- Send an email to the intended recipient, with cash@square.com in copy.
- Link your debit card. You will do this upon receiving an email from Square Cash.
- Done!
As you may have reasoned out by now, Square Cash needs a debit card, which Square uses to deposit the money into the bank account that you specify.
Any US debit card with a Visa or Mastercard logo will work, but it is important to note that this works in the US only – only for now, hopefully. There is also a limit of $2,500 per week; whether you send this all at once or you spread it out over several transactions does not matter.