26 February 2024

What’s Square Cash and Why You’ll Love Using It?

By Ronald Smith

Today I want to talk to you about this super cool thing called Square Cash. Trust me, you’re going to want to know about it!

So, what’s Square Cash? Well, it’s this awesome app that lets you send and receive money from your friends and family, instantly, and all with just a few taps on your phone. How cool is that?

Now, I know what you might be thinking – Why should I use Square Cash when I can just give my friend cash in person or use other money transfer apps? Let me tell you why.

First of all, Square Cash is super easy to use. All you have to do is download the app, sign up for an account, and link it to your bank account or debit card. Boom! You’re ready to start sending and receiving money in a flash.

Secondly, Square Cash is really convenient. No more digging for cash or waiting for checks to clear. With Square Cash, you can send money to anyone, anywhere, anytime. It’s like having your own personal ATM right in your pocket!

But what if you’re worried about security? Well, don’t be. Square Cash takes your security seriously. They use encryption and other fancy technology to keep your information safe and sound. You can feel confident knowing that your money is in good hands.

And here’s the best part – Square Cash is totally free! That’s right, you heard me. Sending and receiving money with Square Cash won’t cost you a single penny. So not only is it easy and convenient, but it’s also a great way to save some extra cash.

So, why not give Square Cash a try? It’s a simple, secure, and free way to send and receive money. Once you start using it, you’ll wonder how you ever lived without it. Trust me, this app is a game-changer!

What's Square Cash and Why You'll Love Using It?

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For a small business, getting paid can sometimes be a matter of life and death.

Of course, cash flow is important for all businesses. But bigger businesses can spread their risk over more customers and usually have extra money saved up to cover late payments.

The main point is this: knowing how to send an invoice and get paid is crucial for small businesses to succeed.

This article isn’t about debt collection, though. The thing is, there are two ways to increase the chances of getting paid:

  1. Offer more than one way to pay.
  2. Make it as easy as possible for people to pay you.

And that brings me to Square Cash.

What exactly is Square Cash?

So, you know that thing called Square Cash? Well, it came onto the scene way back in 2013 thanks to Square, Inc. (NYSE:SQ). They were all about making payments quick and simple – like the fastest, easiest way to pay anyone, you know?

Anyway, at first, Square Cash was all about individual users like you and me. It made life easier for everyday stuff, like when you and your friends want to split the bill after a delicious dinner.

But then, in March of 2015, Square decided to amp up their game. They brought in something called $Cashtags. It was a genius move because now, not only were individuals able to use Square Cash, but businesses and non-profits could get in on the action too. They could use $Cashtags to ask for money for their services or to raise funds for a good cause.

$Cashtags

  1. Now, here’s the thing – if you want to let people know what your $Cashtag is, all you have to do is list it. Simple as that.

What's Square Cash and Why You'll Love Using It?

What's Square Cash and Why You'll Love Using It?

  1. There are two ways that customers can pay you:

If you want to get paid online, you can use a cool website called cash.me:

What's Square Cash and Why You'll Love Using It?

If you’d rather not go the traditional route of using a card reader, you have another option: Square Cash’s easy-to-use iOS or Android apps!

What's Square Cash and Why You'll Love Using It?

Paying your bills or making donations has never been easier with Square Cash. This means you’re more likely to get paid and receive donations without any hassle.

Here’s what you need to know about Square Cash:

  • Square Cash supports all major U.S. credit and debit cards, including AMEX, Visa, MasterCard, and Discover.
  • A small fee of 2.75 percent will be automatically deducted from any payment you accept through Cash for Business.
  • In order to accept payments through Cash for Business, you’ll need to link a debit card or a bank account to your business account. Don’t worry, we’ll show you how.
  • If you have a business account, you can easily issue refunds using the Square Cash app.

Is Square Cash right for your small business?

We recommend Square Cash for the following types of businesses:

What's Square Cash and Why You'll Love Using It?

So, as you can see, most of these businesses don’t have a physical store. Sure, a business with a physical presence can use Cash for Business. However, it doesn’t offer any inventory features or functionality, which limits its use for those types of businesses.

Benefits for Small Businesses

The best thing about Square Cash is that it gets rid of the need to swipe a credit card. Now, your customers don’t have to pull out their credit cards so you can swipe it using your Square reader or any other credit card machine.

And here’s an advantage: your customer doesn’t even need to be present in person to pay you. This makes online and long-distance payments a breeze.

One great benefit of getting rid of the swipe is that your customer’s payment information stays really secure. You never get to see their debit or credit card, which makes them feel safer and more likely to buy.

Not only do Square Cash for Business payments come in seconds, but they also beat waiting for a check to clear any time.

How Can You Use Square Cash for Your Small Business?

  1. Offer more than one way to pay;
  2. Make it as easy as possible for people to pay you.

Square Cash is here to help!

Offering Multiple Payment Options

As I mentioned before, your customers can pay you online or through a mobile app.

And if that wasn’t convenient enough, Square Cash is even available on the Apple Watch, so people can pay right from their wrist!

I have a few different options for you to showcase this information in a creative and eye-catching way. You can choose to use it in a video, image, or blog post, just like the example above. Another option is to display it on a sign or placard, similar to what you see in the picture. You could also include it on your business card, so it’s always with you wherever you go. The choice is yours! Whatever method you choose, make sure it captures people’s attention and leaves a lasting impression.

What's Square Cash and Why You'll Love Using It?

  1. Did you know that even in a little classified ad:

What's Square Cash and Why You'll Love Using It?

Get Help with Regular Payments

Square Cash is here to make your life easier when it comes to managing regular payments like rent and services with retainers. Instead of using a check, now you can simply view your bill and pay it right from the comfort of your couch. It’s so easy, it’s almost like magic!

What's Square Cash and Why You'll Love Using It?

A Final Thought

Square Cash for Business is here to help you solve the tough task of getting paid, which is crucial for a lot of small businesses.

With various convenient payment options at your disposal, Square Cash aims to increase the chances of you getting paid on time and ensure that your customers have a positive experience throughout the payment process.