What is Cash App?
Square Inc. launched a P2P (peer-to-peer) payment service in 2013 called Cash App. This app, also known as Square Cash, lets you pay for goods and services, pay bills, and transfer money to friends and family, all from the convenience of your smartphone. As of today, it’s the 2nd most popular free mobile application on the Apple App Store.
How Does Cash App Work?
Similar to any other payment service, Cash App asks you to connect their app to an email address, phone number or debit card. Most transactions don’t have fees attached, but you’re charged a 3% fee if you send money with a credit card. Individuals and businesses can set up “cashtags,” which are individual URLs that friends, family, and customers can send money to.
You can use Cash App to send, request, or receive money. You can also use its free Visa debit card to pay for goods and services without it being connected to your personal bank or your debit card.
You can use it in ATM and download a copy of your transaction history if you need to. Other great features include direct deposits so you can have your paycheck or any other income deposited directly to your Cash App balance and have it ready to use.
Mobile Friendly and Secure
Mobile friendliness is of utmost importance for Cash App users because you need to be able to manage your money wherever you are. This payment service also gives you support, encryption, fraud protection, and account notifications to keep your money safe at all times.
One of the most attractive features this mobile payment service provides is the possibility of selling and buying bitcoins. With the integration of Bitcoin, the company strengthened its image as a forward-looking and innovative mobile application. This has been a positive marketing tactic to attract new millennial users who use Bitcoins to make purchases online.
With the expansion of cryptocurrencies in the past few years, people can now use this type of virtual currency for a wide variety of things. Whether it’s making sports bets with Bitcoins, buying apps for your phone, booking trips, purchasing electronic goods or making deposits at online casinos, the options for using cryptocurrencies are endless.
Should You Open a Cash App Account?
Cash App has been around for a while and has become a viable and great alternative to industry giants like PayPal and GooglePay. Check out Cash App and decide for yourself if this is the app for your everyday money transfer needs.
About Diego Garzón
Diego is a professional writer with over 10 years’ worth of experience. His work covers different topics including online casinos and gaming. His work has been featured at recognized sites like OUSC. Some of his hobbies include spending time with his wife and son, playing soccer, and watching movies.