As my friends and family know, aside from fashion I also happen to love technology (I hold my dad responsible)). Whether it’s the latest camera (still dying to test out the Canon 5d Mark iv), Apple release (I’m fairly certain I own almost every iteration of the Macbook Pro) or phone app I want to know all about it!
Of all the apps I use on my phone, the one I use most often is a money sharing app. So when I recently found out about Square Cash, I wanted to learn more about it and see how it compared to the ones I was already familiar with.
But before I get into that, let me back up and explain why I’m such a big fan of money sharing apps and always using them!
Scenario 1 – splitting the bill. One of my favorite things about being a blogger has been meeting other bloggers (typically in a café with cute floors and tables – can’t let a flat lay opportunity pass by)! Thankfully when the bill comes, it’s no longer necessary to ask the (mortified) waiter to split the bill 8 ways. Instead one person pays and the rest of us just send her “cash” via the app!
Scenario 2 – buying gifts. Buying a gift as a group always sounds like a good idea, unless you’re the one who pays and are worried you’re never going to be reimbursed. A money sharing app makes it so much easier to get paid back (because let’s be real, is anyone still writing checks). And if one of your friends forgets to send you the money, you can send her a request as a (not so subtle) reminder!
Onto Square Cash – would I recommend it? Yes! And here’s why.
- No registration. You can receive payment from non Square Cash users. Let’s face it, not everyone is tech savvy and/or wants to sign up for an app. Non-users can go to www.cash.me/$[yourCashtagname] (for example cash.me/$yaelsteren) and send you payment without having to sign up.
- Security. Square cash offers the option to turn on a security lock, which requires a passcode to authorize every payment. But what happens if you lose your phone or it gets hacked? That’s where the Square Cash sending limit comes into play. If you send more than $250 in one week, you will be required to verify your name, date of birth, and the last 4 digits of your SSN to increase the sending limit; pretty genius!
So what are your thoughts on money sharing apps and which one is your favorite? Let me know in the comments below!!!
Special thanks to Square Cash for sponsoring this post.