How does the Cash app work?

Founded back in 2013, Cash App is a painless peer-to-peer payment service with around 30 million active users monthly. Cash App is simple to use, easy to navigate, and once you’ve downloaded the app and created a free account, you’ll be able to send or receive money any hour of the day or night. Keep reading as we uncover some core Cash App features and services, like adding funds to your account, ordering your debit card, or buying/selling Bitcoin. 

How do I load money with Cash App?

Keep in mind that Cash App is only supported in the United States and the UK and cannot be used to make international payments to any other countries. If you’re in the right region, the first thing you’ll need to do is download Cash App and pair it with an existing bank account. After that, you can either send funds through to Cash App using a registered debit card or take out money from Cash App and send it back to your bank account. 

Follow the below steps to load money onto your Cash App Account.

  1. Jump into Cash App and select the “Profile” icon on your home screen. 
  2. Navigate to “Linked Banks.”
  3. Tap the option to “Link Bank.”
  4. Follow the prompts and fill in your banking details. 

You’ll receive an in-panel confirmation that your banking details have been added, and after that, you’ll be ready to load money onto Cash App. Here’s how you do it. 

  1. Select the “Banking” tab on your Cash App home screen.
  2. Click “Add Cash” and choose an amount you’d like to deposit. 
  3. Select “Add” and confirm the transaction by entering your pin or using Touch ID. 

Remember, you can load and save multiple bank accounts onto Cash App and navigate between them when loading funds. It usually takes around 1 to 3 days for the funds to clear into your Cash App account. 

How do I send and receive money with Cash App?

After downloading Cash App, you’ll need to choose your unique username. This username (or $Cashtag) will be the main way other users find and send money to your account. Your account can also be found using your email or phone number. 

To receive money, you’ll need to send your $Cashtag, phone number or email address through to whoever is paying you and wait for it to reflect. Keep in mind that 90% of the time, Cash App will be used for smaller local payments within the United States and the UK, but you do also have the option to send and receive international payments between these same two regions. 

Follow the below steps to review an incoming payment. 

  1. Tap the “Activity” tab on your Cash App home screen.
  2. Select the payment that you want to review.
  3. Tap on it to see the sender's details, time of arrival and other information.

Follow the below steps to send a payment. 

  1. Head into your Cash App and enter the amount you’d like to send. 
  2. Tap the “Pay” icon.
  3. Enter your recipient’s $Cashtag, email, or phone number. 
  4. Enter a short description and tap “Pay.” 

How Does Cash App Work?

Cash App is an easy alternative for sending and receiving money on your mobile device. Available on both Android and iOS, Cash App gives you the power to send small amounts across the country in a flash. All you need to do is share your $Cashtag with other Cash App users, and you’ll have money moving in a matter of seconds. Users can also track all incoming/outgoing payments on the app itself. All you need to get started is the app itself and a working bank account tied to your Cash App account. 

How Does The Cash App Cash Card work?

Cash App users can also order their Cash App (Visa) Cash Card, which can be used to pay for any variety of online/instore goods and services using your existing Cash App balance, including withdrawing funds at selected ATM’s. The Card itself is free to order via the app, and if you like, can also be colour-customised according to your preference.

Here’s what you need to do to order your Cash App (Visa) Cash Card.

  1. Navigate to the “Cash Card” tab on your Cash App home screen.
  2. Select the option to “Get Cash Card.”
  3. Tap “Continue”, follow the steps and enter the address you’d like the card to be sent to. 

You’ll need to be over 18 to order the Cash Card, and once ordered, delivery usually takes around ten days. Once you’ve received the card, you’ll be able to start using it immediately. You can also sync your card with Apple Pay and Google Pay.

How Do Bitcoin And Stocks Work On The Cash App?

You can also use Cash App to buy and sell Bitcoin, as well as invest in popular stocks. On the Stocks side, and for as little as $1, you can buy a broad range of fractional shares. These commission-free stocks and shares can be tracked in the app, with custom orders and alerts to buy and sell when they reach their highest point. 

Follow the below steps to buy stocks.

  1. Navigate to your Cash App home screen and tap the “Investing” tab. 
  2. On the search bar, enter a preferred company name or ticker symbol.
  3. Select the company whose stock you want to buy and hit “Buy.”
  4. Select a preset amount or tap to customize. 
  5. Verify your information by following the prompts.

Buying and selling Bitcoin is just as easy. Of course, you’ll need an existing balance in your Cash App that you can convert to BTC, and you may be required to enter some additional information. 

Follow the below steps to buy Bitcoin.

  1. Navigate to your Cash App home screen and tap the “Bitcoin” tab. 
  2. Tap “Buy BTC” and select an amount.
  3. Enter your PIN (or Touch ID) and select “Confirm.”

Follow the below steps to sell Bitcoin.

  1. Navigate to your Cash App home screen and tap the “Bitcoin” tab. 
  2. Tap “Sell” and select an amount.
  3. Enter your PIN (or Touch ID) and select “Confirm.”

Does Cash App have a limit on transfers/receiving?

Cash App is great for sending smaller amounts to friends and family, but if you’re looking to move higher amounts, you’ll need to verify your account first. 

The app's fixed cap allows you to send $250 maximum in 7 days and receive up to $1,000 within 30 days. If you try to send more, you’ll get an in-app prompt asking you to verify your details. You’ll need to fill in your name, date of birth and the last four digits of your social security number. 

Verification can take up to 48 hours and occasionally, the team may reach out to you for further information. Cash App is unable to verify any users under the age of 18. 

How much does Cash App cost? 

The app itself is free to download and for the most part, its services are free. Users can send and receive money, buy stocks and accept deposits free of charge. The only exceptions come from requesting instant payments and using a credit card to send money to your Cash App account. Wherever possible, always sync debit cards to your Cash App account as these carry no fees. 

Cash App also has no pesky paywalls or locked features. You’ll get full access to the app when you download it from the App Store or Google Play. You can also order your own Cash App Visa debit card through the platform at no additional cost. 

Are Cash App transactions public?

All incoming/outgoing transactions on Cash App are entirely private and are only seen by you and the other person involved in the payment. The app keeps a log of all previous and current transactions which you can find in the Activity Tab. Here you can also see a list of people that you’ve previously interacted with. You won’t be able to delete your payments history on the Cash App Activity Tab and will need to delete the app and sign up with a new account if you ever want to erase past payment activity. 

Does Cash App offer its own cards?

Cash App has its own customizable Visa debit card that is fully free to use and pairs directly to your Cash App Balance. You can use this card for shopping online, withdrawing funds or swiping in-store. To order your own Cash App debit card, follow the steps below.

  1. Navigate to your Cash App home screen and select the “Cash Card” tab.
  2. Tap “Get Cash Card” and press “Continue.
  3. From there, fill in some personal information and the receiving address. 

And that's all there is to it. Once ordered, the card usually takes around 10 days to be delivered and you can start using it immediately without any further activation.  Remember, you’ll need to be over 18 to qualify for a Cash App Cash Card.

Does Cash App charge any fees?

While Cash App, for the most part, is entirely free to use and comes with no hidden fees or surcharges, there are a few exceptions. If you send money to your Cash App account using a credit card, you’ll be liable to pay a 3% fee on each transaction. For this reason, it's highly recommended that you pair your Cash App account with a debit card instead. 

Additionally, you’ll also need to pay a 1.5% fee if you request an instant transfer to be sent from your Cash App account into your linked debit card. 

Lastly, if you’re buying or selling Bitcoin using Cash App, you’ll need to pay a small transactional fee, based on price and market volatility, determined by leading USA exchanges. 

Can you get a refund on Cash App?

Rest assured, refunding money on Cash App is fast and easy. If you change your mind or enter the wrong details, you can get your payments back in a few easy clicks. 

Follow the below steps to get refunded using Cash App.

  1. Navigate to the Cash App home screen. Select “Activity” at the bottom of the screen.
  2. Find the payment you’d like to be refunded and select the “three dots” icon.
  3. Tap "Refund" and select "OK."

Payments will usually reflect in your Cash App balance instantly, with refunds sent to a credit or debit card usually taking around 5 working days to complete.  

Benefits of Cash App

Finally, before you start using the platform,  here’s a quick round-up of the top benefits that come from using Cash App in 2022. 

Zero Fees on Core Services: Where you’ll never be charged for sending or receiving funds.

Cash App Cash Card: Where you can swipe, send, withdraw or pay in-store with zero fees. 

Simple ATM Withdrawals: Where you won't be charged when setting up a direct deposit. 

Cash Boosts: Where you can swipe and save money on selected purchases. 

Referral Bonus: Where you’ll get a $5 cash bonus per friend who signs up using your link. 

Investment Potential: With exclusive access to leading shares and stock options.  

Bitcoin Compatibility: With the option to buy and sell Bitcoin straight from the app.