Square Follows Google With Pay-by-Email Service

square, google, gmail, email, paymentsLess than a week after Google launched a service that allows private individuals to transfer money by email, Square has launched a similar product in a private beta.

If a user cc’s Square in an email promising money and puts an amount in the subject line, the payment processing company will transfer the funds into the recipients debit card account.

To use the service, called Cash, both parties must have their accounts linked to a Square account.

A payment, which cost $0.50 to send and nothing to receive, can be canceled up until the moment that the recipient picks it up.

Related Stories
Mediabistro Course

Email Marketing

Email MarketingStarting January 12, learn how to create campaigns that engage subscribers, increase awareness, and drive traffic and sales! In this course, you'll learn how to create effective email campaigns to meet your company's goals and objectives, develop copywriting and design techniques, create and manage distribution lists, and more! Register now!