Everybody needs money that is why sending and receiving money has not been always that easy. There are banks for that purpose, which does take a lot of time if you decide to go to a bank to send or receive money. However, Cash App on the other hand enables you to easily send and receive money as the name suggests. So if you’re wondering what Cash App is and how it works, then, you might want to stick around for this article on how does cash app work
As the name implies Cash App is an app for sending and receiving money. It’s a peer-to-peer payment system that was formerly known as Square cash. This app is owned by Twitter founder Jack Dorsey, This app as usual allows you to receive or send money and you also link your existing bank account. If you like you can spend money directly from your cash app account if you have a dedicated debit card linked to it.
According to a Consumer Study this app scores 64% out of 100% score, which means that they gained their popularity by being good and deliver on what they promise.
This app can be downloaded from the app store or Play store anytime you like and you can set up a username and a password. The company calls your username $cashtag, you can either use your phone number or your email address that is linked to your account.
How does Cash App Work
If you have been paying any attention to this article you will know that Cash App works by receiving or sending money, is a two-way system. You can add funds to your account using a debit card that is linked to your existing bank account and receive funds simply.
We would look at how to send and receive money using the Cash App application so that you can do it easily once you have the app installed on your device.
How to send money on Cash App
To send a payment on the cash app application carry out the below procedure exactly:
- Open your Cash App application if you are not logged in log in can enter the amount you want to send.
- Now tap on “Pay.”
- You have to enter the email address, phone number, or the “$Cashtag” of the person you are sending cash to.
- Now put a description for the transaction and finally hit “Pay.”
Once you have done that the money will be sent to whomever you sent the money to and you can view the details of the transaction by tapping on “Activity.”
How to send a request to receive money on Cash App
You can also make a request for someone to send you money on Cash App by carrying out the instructions below:
- Open your Cash App application.
- Now head over to the “$” Tab that is right at the bottom centre of the screen.
- Then enter an amount and then hit on “Request” Which is at the bottom corner of your screen.
Note that without linking your Cash App to your bank account you will not be able to make a Withdrawal from your cash app balance. So you have to add or link your cash app to your physical brick-and-mortar bank.