Did you know that you can get money with Cash App? One of the best P2P payment apps on the planet is Cash App. Since its launch in 2013, the Cash app has grown beyond a conventional peer-to-peer payment platform. Today, users can receive direct deposit payments and ACH payments. In the course of this article, we will be going through a practical guide on how to make money on Cash App.
Cash App Platform Overview
As stated earlier, Cash App is one of the best peer-to-peer payment apps on the planet. This payment app was designed in a way that makes it comparable to Venmo. With the Cash App platform, you can send money to anyone that has an email address or a phone number.
It is important to note that no fees are charged while sending money. The app is very popular because it has 30 million active users.
If you pay with the cash app, it can be settled within an hour on average. Other payment apps in the competition usually take up to three days to process a payment. Also worth noting is that Cash app transactions do not require bank accounts.
Making Money With Cash App Via Referrals
Here is how to get money off Cash App. It is important to note that in the cash app platform you have a commission off every person you invite to join the platform. For every referral in Cash App, you can get $15. To be able to refer people to the cash app platform, you would need to find the “invite friends” button on your account tab.
If you want to use text messages to invite friends to your contact list, you would need to give Cash App access to your contact list. It is important to note that it is also possible to invite friends by manually keying in their phone numbers.
Making Money On Cash App By Earning Free Bitcoin
Another way to make money with the cash app is with bitcoin. There is a bitcoin boost that you would get by making purchases. This serves as a cashback reward for the usage of debit cards on the cash app platform.
In the user interface of the cash app balance page, look for a credit card symbol. There, you will see the “Add Boost” symbol; if you click on it you will see that Cash App has an offer 3% worth of bitcoin on 3 purchases. To be able to spend and get the bitcoins, you will need to have some balance left on Cash App.
Getting Free ATM Reimbursements On Cash App
If you use the banking feature of Cash App, you will be eligible for free ATM reimbursements. The limit on a monthly basis is $21, which is $7 per withdrawal.
To be a benefactor of the cash app ATM reimbursement, you need to have $300 monthly direct deposits. Within a 31-day period, Cash App will reimburse you for your first three ATM withdrawal fees.