Khan Academy embrace Square Cash payments capabilities
Nonprofit organizations (RED) and Khan Academy are among the early adopters of Square Cash’s new payments
Square, moving to lower friction in the payments space, has launched a business-based version of its person-to-person Square Cash service that lets businesses accept digital payments. Square Cash’s move includes the rollout of $Cashtags, a unique identifier that enables anyone to create a personalized name like $ErinHills or $SunsetPhotography and get paid privately and securely through Square Cash.
“Mobile payments seem to be finally ready to fly,” said Wilson Kerr, vice president of business development and sales for Unbound Commerce, Boston. “Square is clearly trying to leverage the social media angle with Cashtags versus hashtags, to allow business-to-business payments.”
End to end
Businesses can avoid having to deal with credit card fees by using Square Cash for 1.5 percent per transaction. The system, which currently works with debit cards only, could help jump-start the slow pace of mobile payments adoption following the rollout of Apple Pay.
With Square Cash now available for businesses everywhere in the United States, businesses of all stripes can receive deposit payments directly into a bank account, as opposed to a holding account, while paying an affordable rate.
$Cashtags can be posted anywhere to let people know they can pay the business with Square Cash, either from the Cash app or on the Web.…read more
Source:: Mobile Commerce Daily feed