Square Cash has added a new feature to its person-to-person payment system that enables users to request payments from a group of people or an individual in seconds.
Compatible with iOS and Android devices, the new feature will allow users to request money through email or the app.
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The new fast and free feature is suitable for unplanned collections, such as for a work night out or to buy a gift for a colleague, planning a group birthday dinner, or for situations like collecting due-fees for a club or society.
The new Square Cash feature has been designed to create the easiest and most accessible way to send and receive money without having to sign up or even create an account.
Additionally, the request feature will allow customers to check in on the status of the payment at anytime in addition to streamlining the collection process from groups of all sizes.
Using this new service, one can reply all to a group thread making it easy to reach friends and family while planning events as well as requesting money for everything from concert tickets and vacation rentals to class field trips and college textbooks.
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By GlobalDataHowever, funds are directly deposited into the recipient’s bank account, rather than being held in a stored balance account by using Square Cash.
