Square has introduced a new service, Square Cash, which "makes sending money as simple as sending an email."
Square has always believed in creating solutions for individuals and businesses that work with the tools they already have in their pocket,” said Square Cash lead Brian Grassadonia. “Square Cash makes it convenient to send money to anyone—without making them jump through hoops to retrieve it. Now it’s easier than ever to split a bill, send a birthday gift, or settle up with a friend, no matter where you are.”Square Cash is free to send and receive, and there is no signup process. Funds are directly deposited into the recipient's bank account, rather than held in a stored balance account.
A number of reviewers last night cited the simplicity of send money using Square Cash - including Walt Mossberg who wrote in AllThingsD: "The people helping me test were generally wowed. One called it “slick.” Another replied: “Done. Two secs.”
Have you tried Square Cash? Share your comments below.