'Square Cash' Introduces Apple Watch App For Easy Money Transfers on the Wrist

Square today announced that its money transferring app "Square Cash" is making the leap to Apple Watch, allowing users to make and receive money transfers on Apple's new wearable device (via TechCrunch). The original iOS and Android app allows users to send money to family and friends for free (business transactions are charged a 1.9% fee) by linking a Visa, MasterCard, or Discover debit card within the app.

square cash apple watch

The company promises a more streamlined money exchange with the new Apple Watch app that prioritizes favorite contacts and presents users with accept or deny transfer messages right on their wrists. After choosing a contact on the app's home screen, users can input their desired amount using a combination of six values: $1, $2, $5, $10, $20, and $100.

Square also lets users collect money from others without the need of doling out personal information they're only comfortable with family and friends knowing. Called a "Cashtag," the service essentially lets each user claim a unique username -- all beginning with a "$" -- and share it with the person from which they want money.

Those with the Square Cash iOS app already installed -- and automatic downloads turned on -- can expect to see the Apple Watch app on their smartwatch starting today. Everyone else can download the app for free on the App Store [Direct Link].

Related Roundups: Apple Watch, watchOS 6

Tags: Square, Square Cash

Buyer's Guide: Apple Watch (Neutral)

Top Rated Comments

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Kaibelf

58 months ago

Or we could just hand Jake $35. What a pathetic app.

What's pathetic is going all the way to an ATM to get cash when you can electronically transfer it easily. But then again, some people don't believe their time has value. I'm not one of those people.

Rating: 7 Votes

hlfway2anywhere

58 months ago

And we need that for? And we need an app on your watch to do this how often every day?

You do that so often you need a micro app on your watch? Look, I'm Canadian, we've had chip cards and touch payments for years, so the whole Apple Pay thing just looks dumb to us, a watch app to transfer money as stupid as roller skates for a horse.. We're years ahead of the U.S. but we still all use cash.

The point I'm making: this needs a watch app?

You spend as much time feeding the watch every night as a sporadic visit to an ATM you walk by daily. Unless you live in the middle of nowhere. But then, my real point here: you need a watch app....do to this how many times every day? This app is dud and will go the way of "Bump".

Okay, we get it, you don't like the Apple Watch, and you think for an app to be relevant it needs to be something you constantly use, thus making Cash irrelevant. Now please stop hijacking this thread so the adults can have a discussion.

Rating: 5 Votes

Corrode

58 months ago

You do that so often you need a micro app on your watch? Look, I'm Canadian, we've had chip cards and touch payments for years, so the whole Apple Pay thing just looks dumb to us, a watch app to transfer money as stupid as roller skates for a horse.. We're years ahead of the U.S. but we still all use cash.

Please speak for yourself. I'm Canadian and cannot wait for Apple Pay to make its way north.

Also, can you refrain from noting yourself as Canadian in the future? You're making us look quite ignorant and negative.

Rating: 5 Votes

Iconoclysm

58 months ago

Then you're not years ahead of the US.

Rating: 2 Votes

ck2875

58 months ago

Anyone know what's up with the $20 in the screenshot? All the others seem to look somewhat similar to the actual Presidential face represented on the note.

Rating: 2 Votes

DesertEagle

58 months ago

Or we could just hand Jake $35. What a pathetic app.

Then it wouldn't be traceable.

Rating: 2 Votes

nutmac

58 months ago

What's pathetic is going all the way to an ATM to get cash when you can electronically transfer it easily. But then again, some people don't believe their time has value. I'm not one of those people.

I have a friend who would drive 20 miles and wait a long line to fill the gas from Costco to save about $2 (or about 10 gallons at 20 cents savings). I suspect richmondhill is one such person.

Rating: 2 Votes

DesertEagle

58 months ago

And we need that for? And we need an app on your watch to do this how often every day?

How often? Every time I split a cab or restaurant bill with anyone.

Rating: 2 Votes

unplugme71

58 months ago

And we need that for? And we need an app on your watch to do this how often every day?

I actually transfer money to friends and family a lot. I only carry between $20 and $50 on me. So its nice to be able to transfer funds.

If my parents use my iTunes/App to buy music or what not, they send me cash through my bank or another app. It's easier, safer, and faster than sending a check through the mail.

The other advantage is not having to carry too much cash on you. Higher risk of theft or loss.

Rating: 2 Votes