Nov 17 AT 4:49 PM Nick Sarafolean 4 Comments

Snapchat announces Snapcash, a simpler way to send money

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Instant messaging giant Snapchat has announced a new feature that allows users to send money to their friends directly through Snapchat. The feature — called Snapcash — is the result of a partnership between Snapchat and Square, the mobile payment leader. Inspired by Square Cash, which allows users to send money to others by simply typing a dollar amount into the subject line of an email, Snapcash will allow users to type a dollar amount into a Snap to their friend and send them money directly between their bank accounts.

Such a feature is obviously a major security concern, but Snapchat believes that it’s taken the proper precautions. When you enter your debit card, the information is stored by Square, who has experience with this sort of thing. More than that, the feature is only open to those 18 or older who have a debit card. Whether or not those features prevent misuse has yet to be seen, but we’re crossing our fingers and hoping for the best.

The feature will be available soon to Snapchat users.

A nerd at heart, Nick is an average person who has a passion for all things electronic. When not spending his time writing about the latest gadgets, Nick enjoys reading, dabbling in photography, and experimenting with anything and everything coffee. Should you wish to know more about him, you can follow him on Twitter @Zricon15.

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  • Dirty Budha

    Not sure why SnapChat wants to get into the money sending business, but Square is NOT the best side to align with. They’ve had numerous complaints filed against them with the BBB. There are plenty of reviews to read online.

    I’d suggest users research Square before using “SnapCash” to send money.

    • Mike S.

      I don’t use snapchat but I hear its very popular with teenagers who use it to send pictures of a risky nature to each other.
      Is snapcash some ruse to turn teenage girls into prostitutes?

  • Jimroid

    welcome to Snaprostitues .. atleast thats what they should name it

  • Edward Snowden, american hero

    NSAnal will log all transactions, fvck NSAnal