When you’re traveling with friends or even family, chances are someone may pick up the bill for something where you’re sharing the costs, such as train tickets, dinner or activities. Many people I know use PayPal for this kind of quick transaction between friends but fees for transferring cash between each other exists and they’re annoying — after all, it’s a digital transaction and your money — why should you have to pay for something that should be free? With Square Cash, you can transfer cash quickly and seamlessly and yup, there’s no fee.
Available for both Android and iPhone, it’s simple and quick to do in real time while you’re on the road. Square Cash on-the-go makes it easy for one person to book a group’s flights, hotels or other activities at a destination and be immediately reimbursed without having to deal with it later. If you’re traveling with family, the same thing applies, whether you’re using it to transfer cash to a family member while on a trip or at home for a product or service you took care of for a parent or relative.
Also think about the same scenario for that girl’s weekend getaway or at home when you’re getting together socially and ordering take-out food for a leisurely evening at a friend’s house. I downloaded the app to put it to the test on both an Android and my iPhone 6, which was about as easy to set up as it gets. After you download the app, it will ask you for your phone number and then later, your email to validate for added security. (below on an Alcatel device)
While it’s free for personal use, they do charge for an exchange of cash for goods and services if you use it for your business for 2.75% per transaction. The Square Cash app is compatible with iPhones running the latest iOS version and Android devices running the latest operating system. You can download the iPhone app here and the Android app here.
After you download the app, you have an option to choose either Personal or Business to accept payment for goods or services — from here, it will allow you to link to your bank account so you can send and receive money. They have a list of transaction fees for non-personal use over on Cash.me which includes their sending and receiving limits. For example, there is a 3% fee when payments are sent from a credit card.
Additionally, you can create different Cash accounts for personal and business use however each account must be associated with a unique email address or mobile phone number, but you can link the same credit or debit card to multiple accounts. They recommend double checking which account you’re signed into before sending or requesting money if you regularly use more than one account which can be viewed in your app settings and preferences can be changed at any time.
Easy to access at your finger tips, Square Cash makes it easy to handle those useful transactions when on the road.
When we tested it out, it only took a few minutes to set up and transferring cash was quick and easy to do — it makes for a more efficient way to handle those transactions when you’re traveling with friends or family or for simple cash exchange at home.
Disclosure: This is a sponsored conversation written by me on behalf of Square, Inc. The opinions and text are all mine. #CashApp #ad