| Price | Free |
| Version | 2.14.2 |
| Category | Finance |
| Developer | Square, Inc. |
| Source | iOS, Android |
| Rating | (4.7) |
Originally launched as Square Cash in 2013, Cash App is a popular peer-to-peer money transfer system. Accounts on Cash App can receive money, store money, and send money.
It’s easy enough to sign up to a Cash App account — you don’t even need a bank account.
Unverified accounts have access to services with limitations, while verified accounts unlock an increased sending and receiving limit.
Cash App functions beyond just the app. Users can request a Cash App debit card, which takes just minutes to order, and can be used in-store and at ATMs.
Cash App has also evolved to include Bitcoin trading, and buying and selling stocks.
For many users, Cash App works best as a quick way to transfer money with no fees. Sign up for a $cashtag, and you can easily receive money from anyone who wants to send it to you.
Getting started with a bank account might require a lot of time and processing, but getting started with Cash App is incredibly simple.
All you need to do is download the app, set up your security features, and finish your account.
Users can send and receive money using a unique $cashtag. This is essentially a form of username. A $cashtag shows limited information about who is behind the account, and you can change your $cashtag twice.
If you want to access the full range of Cash App features, the set-up is a little more complicated. You’ll need to verify the account, which involves sending Cash App personal information.
Cash App can be installed on iOS and Android devices. Cash App is only available in the United Stated and the United Kingdom, and money transfers between the countries are free.
Cash App can also be linked to your Apple Wallet, and Google Pay.
Cash App is for anyone over the age of 13 who wants a method for receiving and sending money easily.
Users 17 and under need parental permission to access some features, while other products, such as Cash App Bitcoin trading, are only available for users over 18.
The main attraction of Cash App is how fast and easy it is to use. It’s a popular tool for peer-to-peer payment. Simply trade $cashtags, and you can send money back and forth with friends for free.
And because it’s an app, these trades can be made on the go. Want to split the lunch bill? Pay your friend back in minutes using Cash App.
Cash App is also an excellent tool for those who want to start investing, but aren’t sure how to go about it. With access to stock and bitcoin trading within the app, it’s easy to get started.
Cash App is a service for everyone. In just minutes, you can have access to a reasonable amount of features, and start sending and receiving money.
Although, if you want to make the most of the app, you will need to verify the account.
Being able to send money to friends and across borders quickly and easily is certainly a useful feature, but ease shouldn’t override safety.
Cash App uses several key features to keep your details safe.
All data is encrypted and stored on the Square secure servers. If fraud is detected during a service, Cash App will automatically cancel the payment.
The major safety concerns surrounding Cash App are user based. Cash App users have been victims of fraud, and scams are an unfortunate problem on the app.
Cash App offers the protections they can, but users have to be vigilant.
Cash App treats all money as cash, so any money lost to scams is likely lost forever. You don’t get the protections you would from a traditional debit or credit card.
Cash App is as safe as any other peer-to-peer money transfer service. With that said, it’s only as safe as the user is careful.
Over 40 million people have signed up to Cash App, thanks to the speedy money transfer service it offers. The peer-to-peer transfers are a key part of Cash App popularity.
In just minutes, you can transfer money to a friend, which they can access straight away (for a small fee).
Once you’ve got to grips with the basics of Cash App, this is a service that offers some impressive versatility.
If you’ve spent time online, then there’s a good chance you’ve come across PayPal. This online money transfer system is immensely popular, and a valid alternative to Cash App.
However, it operates mostly in business transfers, and has limited peer-to-peer appeal.
Zelle is a money transfer app integrated with many banks, which makes it easy to set up. However, if you want to do more than peer-to-peer transfers, its usage is limited.
Venmo is probably the best alternative to Cash App. The two are very similar, although Venmo has more of a social aspect.
If you’re trying to choose between Cash App and Venmo, there’s little to differentiate the two.
Cash App offers quick and easy peer-to-peer money transfers, even if your peers are transatlantic (it operates in both the US and the UK).
Safe and quick to set up, Cash App is a useful money transfer tool with growing potential.
