Square Lets Users Pay Friends Back With An Email
Group payments made easy with a new peer-to-peer transfer system.
Square, the San Francisco-based mobile payments company, has just announced a new service that lets people send money to each other through email. The peer-to-peer payment service works with any email client, and even has a feature that allows you to request money from multiple people for concert tickets, vacation rentals, and other group events that can leave you owing friends and colleagues.
The new service is straightforward to use, all you have to do is send an e-mail to the person you want to pay – just make sure the amount is specified in the subject line, and Square is cc'd on the email (email@example.com). The recipient then enters their debit card number, and the money is directly transferred to their bank account.