Hands-on with Square Cash, a free, dead simple way to send money via email

Square’s war against PayPal continues with a new free service that lets you transfer small amounts of money between friends using nothing more than email.

Called Square Cash, the new service is available now to anyone with a U.S. bank account and is dead simple to use. Seriously: It couldn’t be easier. Unlike PayPal, Square Cash doesn’t require you to sign-up for a Square account first, and all funds are transferred directly between bank accounts with no third-party holding account.

But while the service sounds fantastic, its simplicity also gives us pause. We can’t help but think that scammers are rubbing their hands in glee over the possibility of using phony Square Cash emails to steal your identity.

How it works

To send a Square Cash payment you have to follow Square’s simple email format. Let’s say Brad wanted to send me a $1 payment.

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