The Cash App can be a peer-to-peer payment app that enables people to send and receive cash to friends and family. They can use an optional linked debit card to shop or hit ATMs. Consumer Reports study of peer-to-peer payment apps gave it 64 on a scale of 100 to one (with 100 being an ideal version) .
It earned good marks for data security, customer support and accessibility (within a range of devices and without bank accounts) . But evaluators felt the app could do more on payment authentication and privacy. The cache app is obtainable for iPhone and humanoid users.
How does the cash app work?
Subscribe to the necessary readings weekly to get the week's most important news in your inbox. Once you install the app and supply your information, you can use the cash app in a few ways.
• First of all, it is a peer-to-peer payment app, so you can use it to send, receive and request money.
• Instead of an account number, you are known on the network by your email address or phone number. Or you can create a unique identifier known as $ Cashtag.
• If you receive cash, it lands in your Cash App account. Or you will associate the Nursing app with the Money app for Associate to your existing checking account and can use it to transfer cash from the Cash App account.
• You can also send money through debit card and spend the balance of your cash app directly from it. The app allows users to receive direct deposits (such as a paycheck) to their accounts.
Two caveats: you must be at least 18 to open an account. And the U.S. Users can only pay U.S.-based recipients, according to a company spokesperson.