Square Cash is a mobile money transfer system that does not use a third-party depository. The app for transferring money uses the peer-to-peer model that allows you to send and receive money directly from your debit card.
Mobile money transfer is not a new technology. In fact, it is becoming the norm when it comes to electronic fund transfers. Unfortunately, almost all service providers in this niche require third party depository.
This means you still have to withdraw the amount from a third-party service before you can transfer the fund to your bank.
Square Cash eliminates the so called ‘middle-man’ in the fund transfer transaction. It allows you to directly send money to your friend using email or a mobile number. You can also receive money directly to your debit card through the Square Cash system.
Using Square Cash is easy and fast. All you need to do is to install it in any of your iOS devices. This is a universal app and it is available on the App Store as a free download.
After completing the installation process, the app requires you to provide basic information including name, address, birthdate, partial security number, and debit card number. You can transfer funds once you complete the registration process.
To transfer funds, just type the email address of the recipient or his mobile phone number. Then, enter your debit card number and indicate the amount you want to transfer. Tap the Pay button to complete the transaction. The recipient will receive a notification telling him that the money is available.
Best Features of Square Cash
Square Cash offers a convenient mobile money transfer platform. It allows you to use your mobile device to directly send money to your friends. It only requires you to have a debit card account to start the transaction
The app offers an easy-to-use interface. The layout is straightforward so you can quickly transfer cash to your friends. Most importantly, Square Cash uses the latest encryption technology to protect your transactions. It offers 128-bit encryption and allows you to use Touch ID or passcode security.
This app offers easy and hassle-free account set up. You can create an account with Square Cash immediately after installing the app. All you need to do is to provide some basic information and your debit card number.
One notable feature of the app is the built-in chat box. You can send instant messages to your friends to tell them that you have sent the money.
Allows you to send money using email and mobile number
Uses 128-bit encryption
Supports Touch ID and passcode
No negative review
Square Cash is redefining how people send and receive money via mobile transactions. It offers a convenient platform where there are no third party services. If you are looking for a new way to send money to your friends, then Square Cash is worth checking out.
Cherry is a hard-working writer and an aspiring web designer who can't go a day without using her favorite apps. She's always on the lookout for new apps and enjoys discovering ones that others have overlooked.