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Sending Money Made Easy
The rise of digital payments has made sending money easier than ever before. With Square, sending money is as simple as a few taps on your phone. Whether you’re paying back a friend or sending money to a family member, Square has got you covered. Here’s how to send money on Square:
1. Download the Square Cash app on your phone.
2. Create an account using your phone number or email address.
3. Link your debit card or bank account to your Square Cash account.
4. Enter the amount you want to send.
5. Tap “Pay.”
6. Enter the recipient’s phone number or email address.
7. Tap “Pay.”
8. Confirm the details of your payment.
9. Tap “Send.”
10. Done!
FAQs
1. How long does it take for the recipient to receive the money?
Typically, the recipient will receive the money instantly. However, it can take up to 24 hours for the money to appear in their account.
2. Is there a fee for sending money on Square?
No, there is no fee for sending money on Square. However, if you want to receive money as a business, there is a fee of 2.9% + 30 cents per transaction.
3. Can I send money internationally on Square?
No, Square only allows domestic payments within the United States.
4. Can I cancel a payment?
Yes, you can cancel a payment as long as it has not been accepted by the recipient. Simply navigate to the payment in your activity feed and tap “Cancel Payment.”
5. Is Square Cash secure?
Yes, Square Cash uses encryption to protect your personal and financial information. Additionally, Square is a reputable company with a strong track record of security.
6. Can I send money to someone who doesn’t have a Square Cash account?
Yes, you can send money to someone who doesn’t have a Square Cash account. They will receive an email or text message with instructions on how to claim the money.
7. How much money can I send on Square?
You can send up to $250 per week if you’re a new user. Once you verify your identity, you can send up to $2,500 per week.
8. What happens if the recipient doesn’t claim the money?
If the recipient doesn’t claim the money within 14 days, the payment will be refunded to your account.
9. Can I send money using my credit card?
No, Square only allows debit cards and bank accounts to be linked to your account for sending and receiving money.
10. Can I request money on Square?
Yes, you can request money on Square by creating an invoice and sending it to the recipient. They will receive an email with a link to pay the invoice.
Conclusion
Sending money on Square is quick, easy, and secure. By following these simple steps, you can send money to anyone within the United States in just a few taps. Whether you’re paying back a friend or sending money to a family member, Square has got you covered.
Tips
– Make sure to verify your identity to increase your weekly sending limit.
– Double-check the recipient’s phone number or email address before sending the payment.
– Use Square for business transactions to take advantage of their low fees.
Table
| Feature | Description |
|---|---|
| Instant Payments | Payments are typically received instantly. |
| No Fees | There are no fees for sending money on Square. |
| Domestic Only | Payments can only be sent within the United States. |
| Identity Verification | Verify your identity to increase your weekly sending limit. |
