Square is a company that made its name with a slick little credit card reader designed for use with the iPhone. Square has announced a new method of sending money called Square Cash. The company says that Square Cash makes sending money as easy as sending an e-mail.
Users of the service can send an e-mail to the person they need to pay and after the recipient of the e-mail enters their debit card number, the money is directly transferred to their bank account. Square Cash is free to send and receive and there is no sign-up process.
This sounds like an excellent alternative to PayPal, which has a sordid history of ripping off sellers. To send money using the service all the user has to do is enter the person's e-mail address they need to pay, CC firstname.lastname@example.org, and put the amount they need to pay as the subject. The sender will be given a link to enter a debit card to fund the payment or accept the payment. The service works with any e-mail client on computers, phones, or tablets. There are also Square Cash apps available for Android and iOS users.