Mobile payment app Cash App changed how we make regular transactions for good. Want to send a friend some money? Need to order a pair of shoes on Amazon?
All you need is a free account and some money in your debit card or bank account. Cash App is secure and easy to use, making it convenient and hassle-free.
This article will outline some of the best ways to spend money using Cash App. Let’s get started.
1. Send and Receive Money from Friends and Family
Cash App lets you send and receive money from friends and family instantly. Getting started on the app is fast: Provide your name, email address, or phone number. Also, provide your zip code.
After verifying your email and logging into your account, Cash App asks you to create your “$cashtag.” It’s a cool word for a username. Having a $Cashtag allows people to find you easily on the app.
The last step before sending money on Cash App is to link your debit card. You can also ask for a free card from the company, which they send through slow mail. Another option is to link your bank account, but keep in mind direct deposits can take a couple of days to complete.
Cash App allows the recipient to request payments from senders, unlike other payment apps. They also choose how fast they should receive the money.
2. Fund your Gaming Accounts
Cash App supports a minimum deposit of $1. This makes it an excellent payment option for gamers who handle microtransactions daily. Maybe you spend $20 every week on skins. Perhaps you like to show support to your favorite Twitch streamers through donations.
You can also fund your gambling account at the many online casinos that accept Cash App. Some of these websites will even give you a bonus if you create an account with them.
You may earn 20 free spins to play a popular video slot. Or, you could get a 100% match on your first deposit. You can use the money to play both slots and card games. And if you win, you can cash out your profits.
3. Buy and Sell Bitcoin
Investing in Bitcoin is a great way to diversify your portfolio. Unfortunately, finding a place to buy digital coins is not always easy. Enter Cash App, the easiest way to buy and sell crypto.
To buy crypto on Cash App, hit the ‘Investing’ tab. Choose Bitcoin and enter the amount of money you want to buy. Transactions are instant on the app, but they are not free.
Expect a fee of roughly 1.7% for every Bitcoin purchase you make. On the bright side, you can buy up to $10,000 on BTC weekly. Moreover, you can schedule your BTC purchases to buy a specific amount of crypto, daily or twice a week.
4. Buy Fractional Stocks
Some stocks are way too expensive. But guess what? You don’t have to buy a full stock. You can buy a fraction of Microsoft, Tesla, or Facebook through Cash App’s investing tab.
The best part of investing in stock on Cash App is that it’s free. We know. Why is this free, and buying crypto comes with a fee? Cash App has a lot of free features and some paid features. Investing in stocks falls into the free category.
5. Shop Online
Cash App is just like any other mobile payment company. You can use it to buy stuff online, from shoes and clothes to electronics and home furniture. The only requirement is to have some amount of money in your account.
You may ask. Cash App requires the recipient to request payments. How does this work with online stores? It’s simple. When you select Cash App at checkout, the store will send a payment request to you.
You can then locate the payment request and confirm by entering your PIN. Sometimes an online store may also give you their $Cashtag to ease the process.
6. Donate to Your Favorite Causes
If you love to give back to the community regularly, Cash App is an excellent tool for this. Find a list of your favorite charities that accept donations through Cash App. Ask for their $cashtags and send them money at your own convenient time.
A unique benefit of Cash App is that you can use your cards on competing payments like PayPal and Venmo. Let’s say you want to donate money to someone who only owns a PayPal account.
You can add your Cash App card to your PayPal account. Then you can use the funds from the card to complete your donation.
7. Split Payments
Bill-splitting apps are on the rise. It is one app that allows friends and family to cost-share payments for everyday items like coffee, beer, or an Uber ride.
Cash App lacks the functionality of many bill-splitting apps. However, it allows you to send payment requests to multiple people, which can help with cost-sharing.
All you need is to determine how much money every person in your group should pay. Then you can send each of them a payment request for the amount they should send you. Alternatively, you could make the payment and ask for reimbursements later on. It all depends on what’s more convenient for you.
8. Withdraw from any ATM
Your Cash card allows you to withdraw money from any ATM. It is a great service for people who regularly travel outside the country. If you need cash to buy coffee or food, you can cash out some of your money at local ATMs.
ATM withdrawals are not free, of course.
The payment app charges a flat fee of $2.50 for every withdrawal request. Also, the withdrawals come with a limit that could be increased after you verify your identity.