We admit it, we’ve been obsessed with Snapchat for quite some time (who doesn’t love selfie stories?!) and this week’s announcement from the photo-sharing app is gonna make it even harder to tap away. In partnership with Square, the app is launching a way for users to send money in private messages called Snapcash (watch out, Venmo!). Now, in addition to sending friends awkward selfies and tales of late nights, users can send them money (up to $2,500 per week) to pay them back for that bar tab.
The experience is super easy for users. Before sending quick cash, debit card information needs to be entered. Don’t worry about another Snapchat leak though, as all credit card info is held securely by Square.
Once that’s entered, select the friend who keeps bugging you for those bills, type in a dollar amount. The app will recognize the amount and a green “$” button will magically light up. Then click away (or swipe to make it rain) and the money will be transferred.
Your girl who has been begging you to pay up for brunch will be rained on by Benjamins, or just Washingtons, and the money will appear in her bank account.
Since this is Snapchat’s first product created in partnership with another company, the app wanted to make the experience “fast, fun and incredibly simple” for their regular Snapchatters. We think they succeeded in that.
Do you love this new Snapchat money-sharing feature? Let us know in the comments below.