Cash app: How does the Cash App work? Scam Or Legit?

G2 Ebook Review

Cash app is another digital app that is very common in some countries where they have been licensed like UK and US. The app easiest way to send, receive, save, invest and spend money without fair or stress. This app is established to make peer-to-peer transfer easier and enable users to save, invest, receive and spend on the app. Cash app was established and release on October 13, 2003 by jack Dorsey of square inc and as of March, cash app has recorded more than 36,000,000 active users.

In addition, this app allows you to stay connected to your friends, family and many users and also using this app gives you the franchise to use many features and tools;

• Receive payment via direct deposit

• Buy Bitcoin

• Sign up with your existing bank card

• Earn rewards

• Send and receive funds as long as you have their $cashtag.

You may be thinking that what’s a $cashtag. A $cashtag is a username that every cash app users create when setting up their app and every $cashtag must have at least one letter and a maximum of 20 character . Note that it is not only a $cashtag that can be used to send or receive funds, you can perform such operation ( sending and recieve ) when you have their email address and phone number. Funding is also possible through your master card, debit card, American Express, bank account or Visa but it must be linked to the app before I can become possible.

HOW TO DOWNLOAD CASH APP

Cash App can be downloaded from Google play and it has a storage of 17MB so it should be done within 7 minutes of good network. The app is fintech app that can be operated with your smartphone be it Android or IOS

It has more than 100,000 download with so many convincing reviews from it’s user which connotes that it is a good app.

IS CASH APP LEGIT OR SCAM

Many of you will be thinking that is cash app real, is it legit and save; yes it is. With the app your money is save and secured. Your data and details are all encrypted and save on the app.

Every issue that can cause unpalatable situations on the app are already taken into consideration and all possible solutions have been provided to it. Everything information is well kept regardless of whether using a data service, public or private connection Wi-fi ).

Read Also

Migo Loan: Is It Scam Or Legit? Instant Loan In Nigeria

HOW TO SIGN IN

Signing in to cash app is an easy thing to do. Infact,  it’s designed to make everyone understand irrespective of your technical know how. So follow this simple step.

• At first, you have to download the app on your smartphone.

• Then you have to register in order to create an account. If you are registering for the first time, your phone number and email login ID will be required. After imputing the necessary details, a verification code will be sent to you which you have to copy into the provide space but you have to choose how you will receive the code.

• After verification, a new page will be brought to know if you want to add your bank account or skip. You can grab that opportunity to do that, so you have to enter your debit card numbers with your name according to how it was stated on your card.

• Then you need to choose your identifier ( $cashtag ) which will enable other user to send money to your account.

After your successful registration, your cash app account will have every functionality except for some restrictions on payment i.e you can’t transfer fund to other cash app users. So to avoid that, you have to verify your identity which connotes that some necessary identification needs to be done.

If you transfer funds to other users, your own account will display an option that you need to upgrade ” unrestricted account “.

HOW TO VERIFY YOUR CASH APP ACCOUNT

To verify your cash app is very easy, it is a very straightforward task and it is what you can do by yourself.

•. Firstly, log in to the cash app account and tap on the right side corner

• Scroll down and click on ” personal ”

• Then a new page will be brought which will be asking you to fill some documents e.g SSN number, Date of birth, address and so on.

Make sure you input the correct detpails.

• Save up the new changes and kindly wait for 24 hours for authentication.

Read Also, ABEG APP: CASH APP ALTERNATIVE FOR SENDING AND RECEIVING MONEY IN NIGERIA

HOW MUCH CAN I TRANSFER OR RECEIVE ON CASH APP

Cash app has some restrictions to transfer or transfer limit. Every users whose identity has been verified have the franchise of transferring $250 in seven days and to receive $1000 within 30 days period.

So to avoid this, every users need to verify his or her identity, then you can now enjoy all round transfer. To verify yourself, follow the above instructions.

HOW TO SEND MONEY TO OTHER CASH APP USER

• Launch the app on your smartphone

• Then enter the amount you wish to send in the provided space and click on TAP

• After that, you need to enter either the receiver $cashtag, phone number or email address.

• Enter the purpose of sending the money

• Then Click “pay”..

So anyone who wishes to send you money will have to follow this same method

HOW TO CASH OUT MONEY FROM THE APP

After receiving any payment from any other users, you will receive a notification and then tap on the activity tab to review the notification.

You can then withdraw or cash out; so to do that follow this steps.

• Click on the balance tab on the app and tap on ” cash out “.

• Then enter the amount you wish to cash out and choose a deposit feed

• Confirm your identity via a touch ID or pin

There are two types of deposit feed. We have the instant feed and the standard feed. Standard feed will take one to three working days before it arrives in your bank account and it is totally free but instant feed are credited immediately to your account and it attract a certain fee.

CONCLUSION

Cash app is also the best of it’s kind. It allows transaction gets easier and also note that cash app Visa card can be used to pay off some retailers who accept it or make you withdraw from the ATM.

The app is also similar to venmo and PayPal, having the same features and characteristics

One Comment

Add a Comment