Square Debuts New Email Payment System

Posted by Soulskill on Wednesday October 16, 2013 @06:00AM from the all-about-the-benjamins dept.

cagraham writes "Mobile payment company Square — best known for their smartphone credit-card swipers — has launched a new payment service called Square Cash. The service doesn't require users to sign up or make an account. Instead, they just email the person they'd like to transfer money to (with the amount as the subject), and CC 'cash@square.com.' Square asks the sender for their debit card info, and then sends a link to the recipient, who can transfer the money into any account they want within 1-2 business days."

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Interac by neoform · 2013-10-16 06:08 · Score: 5, Interesting

Isn't this exactly the same thing as an Interac e-Transfer?
I've been sending money via email for many years this way.

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MABASPLOOM!
Re:Really? by hawky · 2013-10-16 06:46 · Score: 5, Interesting

We tried it. My co-worker sent me $15. After the initial email, we both tied our debit cards to our email addresses, and I had the funds in my account in less than 5 minutes. Since our cards are now linked I imagine it will be even quicker in the future.