KushCash, a product of Secure Wireless Transfers Corporation (SWT), allows users to instantly make cash transactions from anywhere using a mobile phone or computer. The Orange County based company says they’re initially targeting “18-35 demographic audiences for venue and event-based commerce, transit, retailing and campus environments.”
|Launch Date||August 1, 2007|
|Closed Date||August 1, 2009|
|Tags||money, cash, phone, instant, payment, wiki|
KushCash let’s users send money from anywhere using either a computer or mobile phone. When you start an account, you’ll probably want to add money which can be done via a credit or debit card. Opening an account and sending money is free, but KushCash charges 2.8% + $0.30 when adding money and $0.50 every time you receive money or withdraw money to your bank account.
To send a payment from your phone, you can access KushCash’s WAP site or download the mobile client. Once you’re logged in, select someone in your contact list or create a new contact. Then you just enter the amount, click send, and the payment is instantly sent. KushCash says “keeping your information safe is our number one priority.” They use 128-bit SSL encryption and collect minimum info, which they say gives security to both parties in the transaction.
KushCash’s website is also a big part of the service. Here you can create a social money network of sorts by adding friends to your account. Once you’ve added friends, you can keep track of cash sent, received and pending I.O.U.’s. If someone owes you money, you can send them a “friendly reminder” to cough up the cash.