Square's New Feature Helps You Ask For Money
Although it isn't meant for merchant transactions, Square Cash, the service that lets you transfer money by email, can come in handy in business situations.
Now Square Cash--an offshoot of Square Inc., the mobile payments startup (and recent Inc. audacious company) helmed by Twitter co-founder Jack Dorsey--has rolled out a nifty free feature allowing users to request payments from one or more people via email.
All you have to do is enter "firstname.lastname@example.org" into the "cc" field in an e-mail client or the Square Cash app, and then send the message to your contacts. There's one minor caveat: Only one monetary amount can be entered into the subject field. You can't ask for different amounts from people in a single email.
To make and receive payments, the parties on both ends of the transaction connect their email account to a debit card.
JILL KRASNY | Staff Writer
Jill Krasny is a staff writer for Inc. magazine, where she covers the intersection of entertainment and startups. Prior to Inc., she was a writer for MTV and Esquire and an editor at TheStreet. She is a graduate of the University of Southern California with a degree in communication. She lives in New York City.