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Snap is shutting down Snapcash, its payment service, on August 30th

28 days ago   |   By The Verge

If you don't remember Snapcash, don't worry - on August 30th, Snap will discontinue its peer-to-peer money transfer service that launched at the height of the messaging app's popularity.
Snapcash was announced back in 2014 when Instagram has yet to steal Snap's users with the disappearing stories format, and Venmo was one of few apps you can use to send money to friends. Today, Snapchat is struggling to grow its user base against Instagram, and companies like Google, Facebook, Apple, and Zelle have begun offering their own services for transferring money to contacts. In a statement to...
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Snapchat ends its peer-to-peer payment service on August 30th

Snapchat ends its peer-to-peer payment service on August 30th

28 days ago   |   By Engadget

Snap's one-time hope of becoming a major player in money transfers has come to an ignominious end. The company has confirmed to TechCrunch that it's discontinuing its Snapcash service on August 30th. While it didn't say what would happen to users'...
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Snapchat will shut down Snapcash, forfeiting to Venmo

Snapchat will shut down Snapcash, forfeiting to Venmo

28 days ago   |   By TechCrunch

Snapcash ended up a way to pay adult performers for private content over Snapchat, not just a way to pay your friends. But Snapchat will abandon the peer-to-peer payment space on August 30th. Code buried in Snapchat's Android app includes a “Snapcash deprecation message” that displays “Snapcash will no longer be available after %s ”. Shutting down the feature would bring an end to Snapchat's four-year partnership with Square to power the feature for sending people money.
Snapcash may have become more of a liability than a utility. With apps like Venmo, PayPal, Zelle, and Square Cash...
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