Snapchat has allowed its users to send images and videos to their friends ever since its creation in 2011. In 2014 however, the ability to send cash was added to the app. This feature is called Snapcash and it allows users to enter any dollar amount and send it to their friends through the Snapchat mobile app. In this article I will discuss how to send money using Snapchat and how it actually works.
How to Send Money With Snapchat Using Snapcash
Let’s say your friend is stuck waiting for a bus and he/she gets hungry. They desperately need a snack from a vending machine, but they are broke. So they send you a snap asking for some cash. You are ten min away laying on a couch watching Netflix. You can still help your friend out using Snapcash. In reality we all know, that friend waiting for the bus would be out of luck. Nobody is going to give up their money so their friend can get a snack, but the option is available. Snapchat allows users to easily and quickly send money through the Snapchat app, to another persons account. Here are the steps to send money through Snapchat.
- First of all you will need to set up your account with Snapcash. This is done by going to the message page of the person you’d like to send money too and typing in a dollar amount. When you type in a dollar amount the yellow indicator will turn green with a dollar sign and will look like this:
. You will tap this new green indicator and it will take you to a page where you will begin the process of setting up your account. Tap the green “I Agree” button at the bottom of the screen to get started.
- If your phone number is not associated with your Snapchat account you will be prompted to do so. This is because you will receive a verification code to continue with the process.
- Once you have verified your account, you will go through a process of adding your information. You will attach your debit card to the account. This is where the money you send will come from.
- Once your account is all set up, it is finally time to send out your hard earned money. To send the money just repeat the steps you used to get to the Snapcash set up page and the dollar amount you typed in will be sent to whoever you sent it to.
Both the sender and the receiver must have their Snapcash accounts set up in order to send and receive money. The money is transferred through the company Square to ensure a secure transaction. The money is deposited directly into the recipients bank account. If the recipient does not have their debit card information entered into the app they will be prompted to do so when they receive money. If they do not enter their card information within 24 hours the money will be placed back into the sender’s bank account. If there card is set up they will simply receive a notification saying that the dollar amount was received.
If you want to help you buddies out on Snapchat, by sending them money, You have the option to do so. I doubt it will happen often, but I could see this coming in handy if there is a small emergency that can be solved with a few dollars.