Square releases "Square Cash" money request app to the general public

Mobile payment Startup Startup A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c Read this Term Square has released the finalized version of its fund sending and requesting application “Square Cash”.

The application, available for iOS and Android smartphones allows users to send and request funds to others, whether they are a Cash user or not. Not only is the service available through the mobile application, but Square Cash can also send and request money via email, making it practically available for any device capable of sending and receiving emails.

Square Cash works by linking a debit or credit card for sending funds and linking a bank account to receive funds. Users are not required to sign up for Square to utilize the service. However linking a card and bank account is necessary to complete a transaction. The funds transferred are not held in any sort of account balance and are deposited directly into the recipient’s bank account.

Fund requests can also be sent to groups of recipients, with the ability for the sender to check on the amount due from those requested.

Square Cash was made available to select beta testers back in October 2013 and is now available to the general public. Currently the service is available to US residents only, and is available on the Apple AppStore and Google Play Store

Source