Any transfer of money by any banking institution costs you money. My only question is how much in fees does Square Cash charge?

If it’s more than 5%, then it’s the same as PayPal, but much, much quicker…

PayPal keeps your money for three or four days “depending on your bank” and charges you 5%. While it’s holding your money it is lent out into the “grey” market at very high interest rates. OnlyThen, after three or four days, according to my bank, it’s transferred to your account.

So instant cash at 5% is better than three days without cash at 5% cost.

 This man is examining a Bitcash coin….

• Square Cash works with any email provider and any email address

• To send money, users enter the recipient’s address in the ‘To’ field

• The amount is typed into the ‘Subject’ line and a dedicated Square Cash address is entered into the ‘Cc’ field

• Once an account is set up, payments are then made automatically

By Victoria Woollaston

17^th October 2013

PayPal may have revolutionised online payments but a new money transfer service is set to make the process even easier – simply by sending an email.

Square Cash, part of San Francisco-based company Square – lets users send up to $250) a week to any email address, on any email provider without the need to sign up and manage an account each time.

Once a credit or debit card is linked to an address the first time, a user can send money simply by typing the recipient name into the ‘To’ field, copying in Square Cash, and typing the amount in the Subject line.

http://www.dailymail.co.uk/home/search.html?authornamef=Victoria%20Woollaston