Late last year, Square introduced a service called Cash that lets you send money to anyone in the US with just their email address. You could either do so with a regular ol’ email app — simply CC cash@square.com in an email to the recipient with the dollar amount in the subject line — or you could download the Square Cash app to make the process easier. With the latest Cash app update, however, there’s a special bonus feature if you decide to use the app to send money — you’ll be able to send money with their phone number as well.
Here’s the process.
Square releases an updated version of Cash, its free app for sending and requesting money, that makes payments even faster and easier. The update adds the ability to simply send or request money from everyone in your address book using just their phone number (or e-mail address), even if the recipient doesn’t have the app. Cash also features a refreshed design, the ability to keep track of payments and requests via push notification, and a new Profile feature for linking all of your email addresses and phone numbers to your account.
In less than a year of service, people have used Cash to send and receive hundreds of millions of dollars — with more than a quarter of all Cash transactions being sent across city and state lines.
People use Cash to pay for group vacations, dinner bills and even to send funds for back to school supplies, meal plans and textbooks. Cash also enables anyone to request money, even from up to 25 people at once, streamlining payment collection for sports teams, parties, and events by helping groups easily manage their money.
The majority of people who use Cash receive funds in their bank account within minutes – ready to spend – with no fees, or the inconvenience of a secondary account balance. Keep in mind, some banks can take between 1-2 business days to deposit a payment.
Cash is free to use and available in all 50 states. Visit www.square.com/cash to learn more, or download the free Cash app from Google Play or the App Store.
[Image Credit: Getty/Don Bayley]
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Square Cash lets you swap dollars via text
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