Square Cash goes social with $Cashtags, also expands to businesses

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Square Cash was launched two years ago but now it seems to be gaining traction by putting a social spin on mobile payments. Users of Square Cash can be identified by unique $Cashtags rather than phone number or email. Simply get your friends’ $Cashtags and send them money instantly with just a few taps. This way to identify users will also be a great help for the arrival of businesses on Square Cash. The service allows businesses to accept payments with a fee of only 1.5%, meaning that a considerable amount of revenue is retained.

Some of the world’s largest non-profit organizations are taking advantage of $Cashtags. Wikipedia, (RED), and The USO are among those already using Square Cash.

Anyone can post their $Cashtag in the form of “cash.me/$cashtag” for an easy way to accept payments. Square assures its users that data is protected with PCI-DSS level 1 certification and has fraud protection in place to stop unauthorized charges.

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Source: Square


About the Author: Justin Herrick

Born and raised in New Jersey, Justin is a graduate of Fairleigh Dickinson University where he studied marketing with a focus on digital marketing. He's very talkative and enjoys discussing anything from technology and sports to video games and television. As for Justin's current device rotation, he carries around the Google Pixel and Nexus 9. In the rare case that his phone or tablet is not in his hand, he is either flicking through cards on his Moto 360 (2015) or typing away on the Microsoft Surface Book. Justin is patiently waiting for the day that Google replicates the Galaxy Nexus with modern day specifications.