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.
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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].
Top Rated Comments
(View all)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.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.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.
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.
Then you're not years ahead of the US.Or we could just hand Jake $35. What a pathetic app.
Then it wouldn't be traceable.