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Cash App Review : Cash App Login / Sign Up All Information You Need To Know

I thought, for a long time, that PayPal was invincible, a behemoth that couldn’t be taken down by anyone, and certainly not by an underdog like Square. I’m a lot less sure of that these days, because it’s hard to call Square an underdog when it’s a huge company in its right. And Square hasn’t stopped rolling out feature after feature for businesses in the payments space. One of those features is Square Cash. Like PayPal and its subsidiary Venmo, Cash is a digital wallet for consumers. They can send money to their friends and family at no cost, load money from a card, or move money from their wallet to their bank accounts.

And like PayPal and Venmo, Square Cash has an option that allows businesses to get paid as well.

What is the Square Cash app?

The Cash app service is a simple way to split bills with family and friends. You just need an iPhone or Android to get started. There are a few extra bells and whistles that the Cash app has compared with other P2P payment services — and it’s starting to look more and more like a bank account with the ability to receive direct deposit payments and a companion credit card to make purchases or withdraw money at the ATM. The app can be used to buy and sell bitcoin. You can also use it for personal and business reasons. Cash for Business lets you accept money for goods and services. The Cash app just recently became available in the U.K.

How Square Cash works

The Cash app is remarkably easy to sign up for and use. You download the app onto your iPhone or Android. Next, you enter your phone number and email address to set up the account. Then you select if you want to use the account for personal or business transactions.
Keep in mind, signing up for the Cash for Business via the Cash app doesn’t afford you any significant merchant protections. The only real difference between a personal and business Cash app account is that you can issue refunds. You may want to consider Square Point of Sale instead if you need to do major transactions because it’s more robust.

How to send money with Square Cash

You can send and receive money four different ways using Square Cash:
  1. You can use the Cash App
  2. Send via the Cash.me website
  3. If you use Apple products, you can also send and receive funds using Cash’s iMessage integration or,
  4. You can ask Siri to send the money for you.
In each case, the recipient should get an email or text letting them know you sent them money through Cash.

How to receive money with Cash App

To receive money, link your bank account or debit card to the app and select the cashout option. You can cash out the full amount of your balance or you can choose a specific dollar amount.

Square Cash app fees and fine print

Receiving money is free unless you choose the quick deposit option or you’re accepting money for business reasons. The quick deposit fee is 1.5%. For business transactions, the business owner pays a 2.75% fee for each payment received.
Sending money is free unless you use a credit card. The credit card transaction fee is 3%.

Is the Cash App safe to use?

According to Square’s website, the Cash App uses the same fraud detection infrastructure and safety standards it uses for its business customers completing point-of-sale transaction when someone uses the cash app. When you send money, the information is encrypted before it’s sent to Square’s servers. However, there’s always a chance fraud may occur.
Square also offers ways for users to take extra precautions to prevent fraud, like enabling the Security Lock setting on the Cash App. This feature makes it a requirement to enter a passcode to authorize every Cash payment and using a passcode using a security feature like Touch ID and Face ID to unlock your mobile device and using two-factor authentication if your email provider supports the service. You can also choose to receive a text every time a successful payment is made from your Cash account by adjusting your settings in the Cash App.
If an unauthorized transaction occurs on your account, Square advises you contact support right away. Square is not responsible for any unauthorized access or use of the services on your Square account.

Square Cash vs. other person-to-person payment networks

Square Cash vs. Paypal

Process

Both Cash App and Paypal withdraw money from the sender’s app account balance, if available; otherwise, they debit a connected bank account for free, or charge a credit card for a fee. The money is then deposited into the recipient’s app balance.

The recipient can then elect to have the funds in their account balance deposited to a bank account, or forego the bank deposit and spend the Cash balance or PayPal balance using a Cash Card Visa debit card or a PayPal Cash Mastercard®, respectively. Paypal account balances can also be used to complete transactions with online retailers.

Speed

Both apps offer two deposit speeds: standard and instant.

Standard deposits on Cash app are sent to the recipient’s bank account the next business day, but may not post for up to three business days. Paypal transfers to bank accounts made before 7 p.m. ET, typically arrive the following business day. Transfers made after 7 p.m. ET or on weekends or holidays, will typically arrive on the second business day. There is no fee to make a standard bank transfer using either P2P service.

Instant deposits are sent to the recipient’s bank account immediately. Cash app charges a 1.5% fee to make an instant deposit. Paypal sends instant transfers to eligible bank accounts for $0.25 per transfer. The company says the transfer should appear in your bank account within about 30 minutes.

Fraud protection

Square Cash offers only chargeback protection to sellers. It will cover eligible chargebacks — when a buyer contests a card payment with their card-issuing bank — up to $250 each month. You are only eligible if Square determines you have followed best practices. Square is not responsible for any unauthorized access or use of the services on your square account.

Paypal offers buyer and seller protection for transactions made for goods and services, but does not provide protections for personal transactions (for example, sending money to “friends or family”). If an unauthorized transaction occurs on your account, report it to Paypal via the company’s Resolution Center within 60 days and Paypal will investigate. If your transaction qualifies for Paypal Purchase protection, you will not be liable for the charge.

Fees

Neither PayPal nor the Cash app charges a fee to send, request or receive personal payments from the app balance or a bank account, or to make a standard deposit from the app balance to a bank account.

Cash app charges the sender a 3% fee to send a payment using a credit card and 1.5% to make an instant deposit to a bank account.

Paypal does charges a 2.9% fee, plus $0.30 per transaction, for payments made from a debit card, credit card or PayPal Credit, a line of credit Paypal offers. Paypal charges $0.25 to make an instant deposit.

Other features to note

The U.S. version of the Cash App won’t work overseas; Paypal, however, does support international transfers.

Square Cash vs. Zelle

Process

Cash App withdraws money from the sender’s Cash app balance, if available (otherwise it debits a connected bank account for free, or credit card for a fee), then deposits it into the recipient’s Cash account balance. The recipient can then elect to have the funds deposited to a bank account or spend the Cash account balance using a Cash Card Visa Card.

Zelle withdraws money from the sender’s bank account and deposits them into the recipient’s bank account, available for immediate use. Users can send, request or receive money using an enrolled email address or mobile phone number.

Speed

Cash app offers standard and instant deposit speeds. Cash sends standard deposits to the recipient’s bank account the next business day but the deposit may not post for up to three business days. Cash does not charge a fee to make a standard bank transfer. Instant deposits are sent to the recipient’s bank account and are available immediately, for a 1.5% fee.

Zelle transfers occur typically within minutes and are deposited into the recipient’s bank account. If the recipient is not yet enrolled in Zelle, it may take up to three business days for the money to become available in their bank account.

Fraud protection

Square Cash offers only chargeback protection to sellers. It covers up to $250 per month when a buyer contests a card payment with their card-issuing bank. Square determines eligibility.

Zelle is advertised as a service mainly for sending money to friends family and people you know personally. Zelle does not offer a protection program for purchases or sales and neither do its participating financial institutions. If it’s a transfer you initiated, you are not covered for fraud by Zelle or your bank. However, you are covered if someone else uses Zelle to hack into your account.

Fees

There are no fees to use Zelle. The Cash app only charges a fee to send a payment using a credit card (3%) and to make an instant deposit to a bank account (1.5%).

Square Cash vs. Google Pay

Process

Cash App withdraws money from the sender’s Cash app balance, if available (otherwise debits a connected bank account for free, or credit card for a fee), and then deposits them into the recipient’s Cash account. The recipient can then either have the funds deposited to a bank account or spend the Cash account balance using a Cash Card Visa debit card.

Google Pay withdraws money from the user’s default payment method (a Google Pay balance, debit card or credit card) and deposits it to the default payment method set on the recipients’ Google Pay account. If you’re sent money on Google Pay, you should receive an email or text message to alert. If you’ve set a default payment method, any money you receive through Google Pay will be sent there.

Speed

Cash app offers standard and instant deposits. Standard bank transfers are free and sent to the recipient’s bank account the next business day. However, a standard deposit may not post for up to three business days. Instant deposits are sent to the recipient’s bank account immediately, for a 1.5% fee.

On Google Pay, money sends instantly if you use a debit card or pay from your Google Pay balance. However, if you send money using a bank account or have funds deposited to a bank account, the transaction may not post for up to four days.

Fraud protection

Square Cash offers only chargeback protection to sellers. It covers up to $250 each month in eligible chargebacks — when a buyer contests a card payment with their card-issuing bank — up to $250 each month. Square determines eligibility based on its best practices.

Google Pay is advertised as a service mainly for sending money to friends family and for small business transactions. The company recommends you pay the seller in person if you do not know them personally. Google Wallet offers fraud protection for all verified unauthorized transactions. Report fraud or unauthorized activity on your account to Google within 120 days of the transaction date. Google may ask you more questions to determine if you qualify for this protection.

Fees

The Cash app charges two fees: 3% to send a payment using a credit card and 1.5% to make an instant deposit to a bank account. There are no fees to use Google Pay.

Square Cash vs. Venmo

Process

Both Venmo and the Cash App withdraw money from the sender’s app account balance, if available. If not, the services will debit a connected bank account or debit card for free, or credit card for a fee. The funds are then deposited into the recipient’s app account balance.

On either service the recipient can elect to have the funds in their account balance deposited to a bank account for free. With the Cash app, they can also spend funds in their Cash account balance using a Cash Card Visa Card. With Venmo, they can use their Venmo balance to pay for goods or services using a Venmo card at merchants that accept the card or merchants online that offer Venmo as a payment option.

Speed

Both Cash App and Venmo offer standard and instant deposit speeds. Neither charges a fee to make a standard bank transfer. Standard deposits made using Cash App are sent to the recipient’s bank account the next business day and may not post for up to three business days. Venmo transfers to bank accounts made before 7 p.m. Eastern typically arrive the following business day, although it may take up to three full business days for the money to post in your bank account.

To make an instant deposit and have the money available for use immediately, Cash charges a 1.5% fee of the transfer amount, while Venmo deducts $0.25 from the transfer amount.

Fraud protection

Square Cash offers only chargeback protection to sellers. It covers up to $250 of eligible chargebacks per month. A chargeback is when a buyer contests a card payment with their card-issuing bank. You are only eligible if Square determines you have followed best practices.

Venmo is advertised as a service mainly for payments between friends or people who know one another. The company recommends users do not make transactions with people they do not know personally, especially if the transaction involves the purchase or sale of a good or service. Venmo does not offer a protection program. In cases where someone uses your Venmo account to make unauthorized transactions, Venmo recommends you work with your bank to get a reimbursement. The bank should file a separate claim with Venmo for the amount.

Fees

Neither Venmo nor Cash App charge a fee to send, request or receive personal payments from the app balance, a debit card or a bank account, or to make a standard deposit. Cash App charges the sender a 3% fee to send a payment using a credit card and 1.5% for an instant deposit to a bank account. For business payments, the customer is charged 2.75%.

Venmo charges a 3% fee to send money using a credit card and $0.25 to make an instant transfer from your Venmo balance to a bank account.

Square Cash vs. Popmoney

Process

Cash App withdraws money from the sender’s Cash app balance, if available (otherwise debits a connected bank account for free, or credit card for a fee), and then deposits them into the recipient’s Cash account. The recipient can then have the funds deposited to a bank account or spend the Cash account balance using a Cash Card Visa debit card.

Popmoney withdraws money from the sender’s bank account and deposits them into the recipient’s bank account for immediate use.

Speed

Cash app offers standard and instant deposit speeds. Standard deposits are sent to the recipient’s bank account the next business day, but may not post for up to three business days. Instant deposits are sent to the recipient’s bank account immediately.

Money sent to you via Popmoney should become available in your bank account one business day from the date you provide your Eligible Transaction Account information. When the money is sent to your bank account, you should receive an email confirming its estimated arrival date.

The time it takes for a recipient to receive money sent with Popmoney will depend on the type of account used to make the payment, but the delivery speed will be displayed when you schedule the payment. It may take longer for the money to become available in the recipient’s bank account if they are not yet enrolled in Popmoney.

Fraud protection

Square Cash offers only chargeback protection to sellers. It will cover eligible chargebacks — when a buyer contests a card payment with their card-issuing bank — up to $250 each month. You are only eligible if Square determines you have followed best practices.

Popmoney offers a somewhat limited protection program for unauthorized transfers. You are liable for up to $50 if someone accesses your account without your permission, but only if you notify Popmoney within two business days after discovering the fraud. If you wait longer than two business days, you may be liable for as much as $500. If you don’t say anything within 60 days, your liability may be unlimited.

Fees

The Cash app doesn’t charge a fee to send, request or receive personal payments from a debit card or a bank account, or for a standard deposit. It charges the sender a 3% fee to send a payment using a credit card and 1.5% for an instant deposit to a bank account. For business payments, the customer is charged 2.75%.

Popmoney does not charge a fee to receive money or pay a request. It does, however, charge $0.95 to send money using a debit card or bank account, or to request a payment from another person.

Other features to note

Popmoney does not allow users to send money using a credit card, while Cash App does.

Square Cash vs. Circle

Process

Cash App withdraws money from the sender’s Cash app balance, if available (otherwise debits a connected bank account for free, or credit card for a fee), and then deposits them into the recipient’s Cash account. The recipient can then elect to have the funds deposited to a bank account or spend the Cash account balance using a Cash Card Visa Card.

Circle withdraws money from the sender’s debit card or bank account and deposits them into the recipient’s Circle balance. The recipient can then elect to have the funds deposited to a linked bank account or debit card.

Speed

Cash offers two deposit speeds: standard and instant. Standard deposits are sent to the recipient’s bank account the next business day, but may not post for up to three business days. Instant deposits are sent to the recipient’s bank account immediately.

Deposits from your Circle account to a debit card occur instantly, while it may take up to four business days for a deposit into a bank account to become available.

Fraud protection

Square Cash offers only chargeback protection to sellers. It will cover up to $250 in eligible chargebacks — when a buyer contests a card payment with their card-issuing bank — each month. Square bases eligibility on their best practices.

Circle’s protection policy states the company will reimburse users for eligible unauthorized transactions and any losses resulting from an error, after investigation, as long as the user reports the unauthorized activity within 60 days.

Fees

The Cash app doesn’t charge a fee to send, request or receive personal payments from a debit card or a bank account, or for a standard deposit. It charges the sender a 3% fee to send a payment using a credit card and 1.5% for an instant deposit to a bank account. For business payments, the customer is charged 2.75%.

There are no fees to use Circle. However, the company used to support payments from credit cards. Those who still have a credit card linked are charged a 2.9% fee to send money from a credit card.

Other features to note

Circle does no longer supports credit cards, while Square Cash does support payments made using credit cards. Circle no longer allows the ability to buy and sell bitcoin, which Square Cash started offering in 2018. Buying and selling Bitcoin with Cash App is available to all Cash users except those located in New York, Georgia, Wyoming or Hawaii.

Circle can be used to send money internationally while Square Cash is limited to use in the United States only.

How to Login to Cash App Account?

Cash app sign in process is very easy and all you have to do is to download the application from your mobile store. When you successfully install it, you will be able to log in to your account. Below, we have given the steps to sign in to cash app.

For Old Cash app account

  • Launch cash app application
  • Next, tap the profile icon on your Cash App home screen
  • Select Personal
  • Lastly, you need to add any missing phone numbers or email addresses.

Create new account

  • Create a new account
  • Select the profile icon on your home screen
  • Tap Support
  • Go to ‘Something Else
  • ‘Choose Can’t Access Account.
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Steve Mark

Mark Stevens is a chief editor at TechBulleting, one of the fastest growing Business and Technology blog, and specializes in covering a range of topics such as gadget reviews, design, tutorials, and many more.

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