Cash app is a cash tool that helps you transfer money to your friends and colleagues. It was launched in 2013, by Square. Credit cards, debit cards, any available method to you is fine as long as you have a Cash App account to send or receive money.
Cash App is used both by individuals and businessmen. However, business transfers have a fee of 2.80% per transaction.
Being one of the largest and fastest-growing money transferring apps in the world is easing the process of peer-to-peer transfers. Cash App has grown from a simple app to a huge brand in just a few years. We're not exaggerating when we say this app has more than 30 million active users.
It's completely free to use for both Android and iOS users. It does not have a fee for regular transfers from credit or debit cards but charges up to 3% per transaction for those who have a linked bank account.
•What are the fees? As we already mentioned, for bank transfers it's 2,75% to 3% for all users. However, if you prefer free transactions, you will not be able to send more than $2,500 per week.
•$Cashtags - $Cashtag is a special unique feature provided to every user that signs up on the Cash App website. This feature helps you send and receive money painlessly without any additional information.
•Amazing, user-friendly interface
•The ability to store your funds in a "cash drawer"
•There are more than a few methods of sending or receiving money
•You can make transactions and payments on Apple Watch.
•Credit card users get charged a 3% fee per transaction.
•Cash App does not have so high-spending a limit as its competitors.
•Some users dislike $Cashtags.
Overall, Cash App is an easy to use, portable tool for both individuals and business owners. The best thing about the Cash App is free transactions. However, it is limited only to debit card users. Bank account and credit card owners might avoid using this app altogether.
Let's take a look at what some of the users are saying:
"This is probably the most amazing banking app I've ever seen. I am leaving a 5-star review and if somebody disagrees with me, it means they were unable to implement and use all features this app has to offer. The interface is nice and easy to get a hold of. I love that this app has many options when it comes to receiving money. Truth be told, 3% fee for credit card transactions is a lot, but I think it's worth it, because everything else functions perfectly."
"I have written a negative review the last time, but I'm correcting it now. Apologies to the developer team, my negative review came from my mistakes, I was not able to make full use of the features. After the last update, this app is functioning pretty well. Granted, there are some more things to work on, but it's pretty good just as it is."