Square is the new mobile app (available for Apple’s iOS devices and for Android) that lets you make payments with Square Cash or you can also use Square Cash remotely via e-mail. You don’t have to sign up for using Square Cash. For example if you want to send money as a birthday gift, you just send e-mail to the birthday girl/boy with [email protected] cc’ed and amount of the money as the message’s subject line. Birthday girl/boy receive e-mail prompting her/him to link a credit card to their account. She/he then enters a debit card number and will have that account associated with e-mail afterward. Currently there are charges 2.75% of the transaction cost plus $0,15 fee. This app was created by Twitter co-founder Jack Dorsey. This service is currently only available in the U.S.
Via: square