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MONEY

Square's New Feature Helps You Ask For Money
 

With a new addition to the startup's Square Cash service, you can now request cash transfers from multiple people by e-mail.

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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 "request@square.com" 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. 

 

 

IMAGE: Courtesy Company
Last updated: Feb 14, 2014

JILL KRASNY is the associate editor for Inc. Previously, she was editor at Business Insider and has held positions at TheStreet and Reader's Digest. Krasny is a graduate of the University of Southern California, holding a degree in communication.
@jillkrasny




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