Mobile card payment company Square has launched a new service called Square Cash. Square Cash is a P2P money exchange service that requires just an e-mail address. The service is only available to people in the U.S. and is free to use. Anyone can use the service and there is no sign-up required.
Square users can transfer money to others by sending an e-mail to anyone while CC’ing email@example.com. In the subject line, enter the amount that you want to send and then write a message in the e-mail body. After the e-mail is sent, the sender will receive an e-mail prompting them to link debit card accounts to fund the payments. Square Cash works on Gmail, Yahoo!, Mac Mail, Android Mail, Outlook, and across any other e-mail client. There is also a Square Cash iOS and Android app.
?Square has always believed in creating solutions for individuals and businesses that work with the tools they already have in their pocket,? stated Square Cash lead Brian Grassadonia. ?Square Cash makes it convenient to send money to anyone?without making them jump through hoops to retrieve it. Now it?s easier than ever to split a bill, send a birthday gift, or settle up with a friend, no matter where you are.?
[Source: Square Up]