“We’re thankful for all the Snapchatters who used Snapcash for the last four years and for Square’s partnership!” Snapcash was our first product created in partnership with another company – Square,” a Snapchat spokesperson told reporters. “Yes, we’re discontinuing the Snapcash feature as of August 30, 2018. In addition, rival apps like Venmo, PayPal, Zelle, and Square Cash give users plenty of ways to pay back friends, which might have resulted in low usage for Snapcash.
In fact, a Twitter search for “Snapcash” found numerous offers of erotic content in exchange for payments through the service. The end of the feature also ends the company’s four year partnership with Square.Īlthough Snapcash was meant to be a way for users to split a restaurant bill with friends like any P2P service, it also became a way to pay adult performers for private content over Snapchat.
Snapchat is closing down Snapcash, its peer-to-peer payment space, on August 30.Īccording to reports, there is code buried in Snapchat’s Android app that has the following message: “Snapcash will no longer be available after %s ”.
