Square Inc is a San Francisco, California Based company on mobile payments. The company was founded by Jack Dorsey and Jim Mckelvey in the year 2009 and their first app was launched in 2010. Square wallet is one of the apps designed and developed by them.
Now it has popped up the Square Cash which allows you to send money via email. The company uses the same approach of other online payments. Recently Gmail has announced that it allows you to send and receive money from your email, on the other this follows. The Square Cash is the facility to allow sending money to the debit card and the user is not necessary to be with the Square cash signed user.
The animated video from Square cash can explains more about the product. The money to the sender will the cc to the email id email@example.com and in the subject the cash amount you need to transfer and obviously at to address of the email is to the person you need to send.
As of now the company is allowed to use via invitation only. The user can sign with the help of invitation from your friends if they have it. The company charges about $0.50 from the sender for each and every transaction but for the receiver it is free. Square Cash is the easy way to send money via debit card and email.
What is your idea when compared to money transfer via email by Square Cash and Gmail?