Square Inc. gained a lot of headlines in the year 2020. It was due to its heavy investment in the cryptocurrency Bitcoin. It invested around $220 million in this cryptocurrency. Although square inc. is known for more than that. It is an American publicly traded company founded by CEO Jack Dorsey and Jim McKelvey in the year 2009. Its businesses include payment merchant services, payment aggregation services, and small business services.
One of the divisions of square inc. is the cash app. Earlier launched as Square cash, provides services to small businesses for managing payments. It is also available for individual payments. The cash app as the name suggests is a cash payment application. This application has developed and upgraded itself from time to time. When it was initially launched it was only available for individual and business payments. In the year 2018, they started with bitcoin payments and trading. In the previous year 2020, they started providing tax filing services.
It is very easy to use a cash app. For adding money to this application you can use any of your MasterCard or visa Dr/Cr cards. Apart from that, you can also link your bank accounts to the cash app to add or withdraw funds. These services are available for peer-to-peer payments as well as business payments.
Cash app for businesses
Cash app issues cashtag for the business. The customers can scan this code to make the payments. This method is very convenient and facilitates quick payments. With the onset of the pandemic in the previous year, cash payments took a big toll. This is when cashtag came into play. It facilitated no-touch payments.
Apart from the cash tag code. Businesses are also provided with unique URLs. This URL can be used by the customers to make the payment. The users need to open this URL, select the mode of payment, enter the amount and click on the $ sign. This is another method of quick and convenient payment.
To create a cash app account. You can either download the cash app application or use the website of the cash app. You can create the account by using your email id and mobile number. A UIC is sent on your email and number. After entering the UIC, your account will be created. Cash app by default gives you an individual account, but you can switch to a business account whenever you want to.
There have been a lot of developments in cash payments using the cash app. This has created a very unique need for customer care service for payments. A lot of times people get stuck at some point while making the payment. It may also happen that they may have an inquiry regarding the cash app features. Nowadays people are also very aware of their payment security and data privacy. All these things can be addressed in a personalized manner by the customer care executives.