Square today opened its Square Money service to the public, allowing users in the United States to send out cash making use of simply an email and a debit card. The service is created to be basic, and cash can be sent out by sending an e-mail to the desired recipient with a dollar quantity in the subject line and [email protected] in the CC field.
To support the service, Square has launched a brand-new Square Cash iOS app, developed to streamline the procedure even further. After setting up the app, it can be made use of to enter a dollar amount, which is then instantly become part of an e-mail template to finish the cash sending out process.
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Send cash to anybody with an e-mail address. It’s quickly, safe, and complimentary!
No account required. Just securely link your debit card to start sending out cash. It’s cost-free to send out, and free to receive money directly to your U.S. savings account.
Secure. Your financial information is entered through a protected connection and kept private. You can confirm or reject any transfer.
Fast. Money immediately transfers to your checking account within 1– 2 business days.
Users that are new to the service will get an email from Square that consists of an associated with a protected internet site where debit card numbers can be entered. An account only has to be established once, after a debit card is saved, it can be made use of for each transaction. Payments take one to 2 company days to clear, and Square Cash is complimentary for both senders and recipients. There is, however, a $2,500 weekly sending limitation, and the service is restricted to individuals in the United States.
Square Cash can be downloaded from the App Shop for free.