The app already offers an instant transfer option for a slight fee through the app, but this card does the job for free

The cash app, Square, is offering an instant payment debit card option for business owners.

The new card will allow business owners a debit card that comes with immediate fund access as well as a few perks. Not only will funds be available immediately through the dedicated debit card, instead of waiting for the one to two day processing window, but this service will be free, rather than the previous 1% fee. The card also offers a nearly 3% discount on goods to sale from other Square merchants. It is designed to make it easier for small business owners to keep their professional and personal accounts separate, without taking the place of a standard checking account or bank card.

By offering this increased ease and speed of funds, the company hopes to set itself up to create a small marketplace that is fueled completely by this app.

Venture Beat

Square

The cash app, Square, is offering an instant payment debit card option for business owners.

The new card will allow business owners a debit card that comes with immediate fund access as well as a few perks. Not only will funds be available immediately through the dedicated debit card, instead of waiting for the one to two day processing window, but this service will be free, rather than the previous 1% fee. The card also offers a nearly 3% discount on goods to sale from other Square merchants. It is designed to make it easier for small business owners to keep their professional and personal accounts separate, without taking the place of a standard checking account or bank card.