Nothing attracts scammers like a financial app. As such, Cash App’s users are often targeted
with various online tricks to persuade them to give up their money. However, the app has
several safety features such as encryption and fraud protection to help prevent users from
being scammed. Let’s check out some of Cash App’s safety features next.{‘ ‘}

Cash App offers a few particular safety features to protect its users.

Cash App – and any cash transferring app for that matter – all suffer from the same issue of
scammers and thieves targeting their users on a much larger scale than any other industry.
While the finest and most up-to-date cybersecurity software available can protect you, it
won’t help if you fall for a well-crafted trick.{‘ ‘}

Don’t worry, we’ll show you how to spot a scam{‘ ‘} spot a scam so you can hopefully
avoid some obvious pitfalls. Scammers rely on socially engineered methods to trick you into
thinking a bogus service or website is legitimate. Once you’ve fallen for their ruse, the
criminal will abscond with your credentials and block you across all communication platforms.

In general, when it comes to Cash App scams, a few telltale signs immediately reveal that
something may be wrong. Here are signs of a potential scam:

Here are some of the most common Cash App scams that you might encounter online.

Since 2018, Cash App has allowed Bitcoin to be bought and sold on the app. While the move to
include Bitcoin helps Cash App stay relevant in the online financial space, it also opens the
door for scammers. Cash App Bitcoin scams could range from asking for capital on a large
amount of Bitcoin with the promise of a sizable return or someone offering to enhance your
current Bitcoin value. You need to be aware that you might not see your cryptocurrency return.

The global pandemic kickstarted a wave of{‘ ‘} new scams. With much of the
world still in the throes of the virus, hackers with insidious methods have tried to take
advantage of the panic. Anything Covid related can be weaponized as a scam — it could be
something as simple as an offer of cash for getting vaccinated or asking for cash for an
“experimental” new cure. The moment you’re asked to share payment or account information, you
know it’s a scam.

In what would seem to be an obvious scam looking in from the outside, cash flipping is a lot
more insidious in nature. These kinds of scams always target those who are desperate for cash,
using socially engineered tactics to entice people into risking a few bucks for the chance of
a large return. Cash App flip scams will ask for you to send anywhere between $100-$1,000 and
offer back double or triple the amount. Scammers try to convince victims by showcasing all the
other users that are also in on the scheme.

For a while, on Fridays, Cash App had giveaways in which users could win cash prizes. Hackers
quickly took advantage of this opportunity to create their own fake #CashAppFriday scams. Some
scammers even go as far as to create fake raffles. For a chance to win, all users need to do
is send the organizers a small cash sum or their credentials. These scams remain popular
despite the fact that the real Cash App Fridays have ended.{‘ ‘}

As we’ve already mentioned, many common Cash App scams involve someone posing as a customer
support agent contacting you directly. It helps lull users into a false sense of security. Do
not trust anyone asking you about your balance or PIN. This may sound too basic to be a Cash
App scam, but trust us, many people have already fallen for it.{‘ ‘}

If anyone contacts you out of the blue from a company you’re using, take a moment, find the
company’s contacts online, and write to them yourself.{‘ ‘}

While your Social Security number is private, sometimes you need to share it with an employer
or a financial institution such as a bank. But the key point here is that you come to the
service. If someone asks for your Social Security number, it’s likely a scam.{‘ ‘}

Giveaways is a common scam technique not only for Cash App. Fraudsters know people can’t
resist a good bargain, so they’ll offer anything you can think of at a massive discount. But
have you heard the saying that free cheese can only be in a mousetrap? Unfortunately, many
haven’t.{‘ ‘}

Moreover, users sometimes misunderstand what Cash App does, or rather, what it doesn’t do. If
you send someone money for a smartphone they’re selling at a discount, Cash App can’t refund
you if your deal goes south. It is not a marketplace, just a platform to send someone money.{‘ ‘}

{SHORTCODES.blogRelatedArticles}

If you use Cash App, you may one day get some free money. Don’t get too excited. It’s probably
another Cash App scam. After you get the money, the sender will try to explain what a big
misunderstanding all of this is. They just made a mistake and need you to send the money back.
You’re a decent person, so you do.{‘ ‘}

But what really happens is you send them your money, while they call their bank and dispute
the payment on their end. They get the refund from the bank and walk away with your money.

When it comes to online security, knowledge is power. If you recognize all the call signs of a
scam, then you’ll know exactly how to avoid them. Even if you feel something’s a little off,
trusting your gut may be well worth it. When it comes to making an expensive purchase, it’s
best to verify the item is real. Don’t immediately send funds over, always think twice and do
your research before committing to a money transfer. Remember, it’s up to you to stay on your
toes and not fall for scammers’ tricks.

Due to how prevalent Cash App has become, don’t be surprised if you encounter scams across
different platforms. Cash App{‘ ‘} scams on Facebook and
Instagram are a common sight. Since 2020, Cash App has been approved for usage for 13- to
18-year-olds. Younger users who spend hours on social media may be bombarded with Cash App
scams — make sure kids in your household are aware of the risks.

If you ever fall victim to a scam, make sure you record every detail of the criminal and
report them to Cash App’s customer service, Cash Support. While you might not get your money
back, at least you can potentially stop future scams.