With over 7 million active users Cash App, formerly known as Square cash, has become a prominent online money transfer application. It was introduced in 2015 as a means to receive and send money for business purposes. Irrespective of its popularity, a wide fraction of new cash app users struggle to use it. They are not familiar with the interface and find themselves struggling hard to use the application.
Here in this blog, we shall discuss the cash app, its prominent features, and the steps to create an account on the same. We shall also discuss steps to use the application to make and receive payments and cash out the money from the Cash app digital wallet. So, without any ado, let’s get to it.
What is Cash App?
Just as the name suggests, the Cash app is an application that is used to make/receive payments online. The application was introduced in 2015 and was known by the name Square cash back then. It is widely popular for its easy to use features and user-friendly interface. The cash app allows the users to request and transfer money to and from another cash app account.
Not just can the users make financial transactions, they can also withdraw and cash-out money from their digital wallet of cash app through Cash Card in regular ATMs. The user needs to sign up on the Cash app through a unique username called $cashtag. This unique username lets you make transactions just by entering the $cashtag instead of fully-fledged details of the receiver.
Top Features of Cash App
People love the cash app for numerous reasons. The widely loved prominent features available in the cash app include the following:
- Zero fees: The user can sign up on the application without any charges and access the facilities. However, there are rules that the user is bound to go with.
- Instantly available funds: Just as you receive the funds into your wallet, you can cash out or withdraw the same anytime.
- Sign up with existing bank card: There is no issue like having an active account in certain banks, as long as you have an active bank account, you are good to go.
- The app facilitates its users with a free debit card with a Cash app to withdraw/ cash out the funds.
- Earn rewards: Alike many other online payment applications, Cash app too rewards its users for every transaction they may.
- Receive payment through direct deposits
- Add recurring cash in your account
How to create an account on Cash App?
You do not need to struggle hard with the complicated user-interface to create an account of the Cash app. The procedure is damn easy and simple. You do not need to collect tens of documents at once to create an account here. A combination of contact number, name, and a debit card is more than what you need.
Create the cash app account using the following steps:
Step: 1 Download the Cash App on your device from the iTunes App Store or Google Play.
Step: 2 Open the application and enter your active mobile phone number or email address.
Step: 3 Once you click next after entering the needed credentials, you will receive a confirmation code on your mobile number via SMS or on email.
Step: 4 Enter the code in the given space and click next.
Step: 5 Enter your name and hit the next button.
Step: 6 Add the details of your visa/master card along with CVV and expiry date.
Step: 7 Decide for yourself a $cashtag (it will be your unique username that shall be used to make transactions)
Step: 8 Enter the billing zip code and it’s done.
How to create accounts on the Cash website?
Step: 1 Search your web browser for the login of Square cash. You can navigate the following link:
Step: 2 fill in your mobile phone number or an active email address and get request the portal for an authorization code
Step: 3 Once you receive the code, enter the same in the given space and login
Step: 4 Enter your first and last name followed by clicking on the Next button
Step: 5 Enter your visa/master card details along with CVV and expiry date
Step: 6 Decide your unique username called $Cashtag
Step: 7 Enter the Zipcode and it’s done
Once you are done creating an account on the Cash app, you can navigate the webpage/application to understand how it works.
How Can I cash out money from Cash App?
Well, to be honest, this isn’t as tough as it seems. You can cash out your fund from the Cash app almost instantly. You can also use the funds from the account directly too. If you wish to cash out the money from the application, you need to tap on your profile image go to cash choose the cash out as to how much you want to send into your bank visit the bank and get your cash.
In case you are a website user, you will have to visit the Cash Card page on your web browser and withdraw your money. Isn’t that easy?
Yes, it is.
How to send/request money on Cash App?
You can send and receive payments from the cash app using both your mobile phone and laptop/PC. You just need to log in to your Cash app account and hit the “New” button on the bottom of the screen. A new window would pop up. This shall assist you in sending or receiving payments.
You will have to enter an amount that you wish to transfer besides their email/phone number or $Cashtag. You can describe the transaction as per your wish and hit the “Pay” button. This way you can instantly transfer the money into their account.
In case you are to receive a payment, follow the same procedure until you enter the unique username called $Cashtag. You just have to click the request button here. In this way, you will send a payment request to the recipient. Once they see the same, they shall make the payment and you get the money in your account.
If you are to pay someone via Cashapp and the person doesn’t have an active account on Cash App, you follow the same process as above. Once you hit the pay button, the receiver will get a sign up a notification that shall remain active for a certain period. Once the session expires, and the receiver does not click on the link, he cannot receive the payment anymore. You’ll have your fund submitted back into your account.