Almost everyone knows about Venmo and PayPal, but what’s the deal with Cash App? Can you use it to send money to friends or someone? Yes, you can. As it turns out, Cash App is more than just another money transfer app. It’s more convenient, secure, and rewarding than the competition. But how do you actually use it to send money? Keep reading to learn how to send money via Cash App in minutes.
Why Send Money On Cash App?
Before we jump into the steps of sending money via Cash App, let’s see why you might want to use Cash App. Why would someone want to add another mobile payment service? What exactly sets Cash App apart from its rivals, such as PayPal or Venmo? Well, there are some pretty good reasons to use Cash App. From the sheer convenience to the increased security features to the number of rewards you can claim, here is why sending money on CashApp makes sense.
Sending and receiving money through Cash App is highly convenient. As long as you have a smartphone and internet connection, you can send money quickly from anywhere. With the convenience of Cash App, you won’t need to carry around checks or cash to make payments. Better yet, you can even link your debit card or bank account to your Cash App to do even more with your money. But, best of all, Cash App doesn’t explicitly require these things (unlike PayPal or Venmo). It’s a large part of what makes the app so convenient.
Beyond the convenience of Cash App, there’s the app’s security. Cash App allows for safe and secure payments, whether splitting a dinner bill with a group of friends, paying someone for goods or services, or paying back a family member. Cash App uses the latest encryption tech and offers two-factor authentication to secure your account. These extra security measures add additional protective measures to an already secure app.
Lastly, Cash App allows you to earn cash back rewards for using their app. Like Rakuten or other rebate sites, Cash App’s Boost program features discounts and rewards at certain retailers. You get rewarded whenever you use the Cash Card to make your purchases. However, the Boost is superior to Rakuten. It instantly provides a rebate instead of making you wait for a check to arrive. What’s more, Cash App frequently runs promos with additional cash-back bonuses. Plus, you can send referral codes to friends.
How To Send Money On Cash App
Owned by Block, Inc. (formerly Square), Cash App is a free downloadable app for anyone with an Apple or Android device. For this guide, we’re using Cash App for iOS. However, the steps are pretty much the same regardless of the device. With this, let’s officially dive into it. Here’s how to send money on Cash App, complete with photos.
Step One: Open Cash App
Firstly, you need to open up the Cash App app. If you haven’t downloaded the app yet, you can do so from your phone’s app store. Once the installation is complete, open the app, then create an account following the prompts on the screen.
Next, link a payment method and add funds using your debit card or bank account. You can also request money from someone. Return to the middle tab, then add funds.
Step Two: Type Amount
Next, type the amount you wish to send using the keypad on the middle tab. This is the tab in the direct center of the app’s bottom menu with the dollar sign symbol. Cash App lets you send as little as $1 up to $250 within a 7-day window.
On the flip side, a person can only receive as much as $1,000 within a 30-day window. To send and receive more money, you need to verify your identity. This allows you to send up to $7,500 a week and receive an unlimited amount.
Step Three: Hit Pay
Next, tap “Pay.” You can choose whether to send your payment over USD, Bitcoin, gift cards, or even stocks using the drop-down menu underneath the monetary value. Make sure to select your preferred currency before you hit “Pay.”
Step Four: Enter the Recipient’s Info
Finally, enter the contact or account info of the person you wish to send money to on the Cash App. On this last screen, you’ll have another opportunity to change the currency you’re using. USD, Bitcoin, gift card, stock; make your choice, or stick with the default currency of USD.
After this, confirm the details of your transaction. Add a note to your message if you’d like. Ensure the recipient information is correct, then hit “Confirm” to proceed with the transaction. That’s it!
Here is a step-by-step video for further reference:
The image featured at the top of this post is ©viewimage/Shutterstock.com.