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

Marketing with Facebook Insights

Marketing with Facebook InsightsStarting October 2, learn how to use Facebook's analytics tool to track and optimize your marketing efforts!  Taught by the group marketing manager of social media at Microsoft/BingAds, Geoffrey Colon will show you how insights works, how to measure key performance indicators, and make your data actionable. Register now!