In this day and age, people have a lot to do and might not have time to go into a bank to send money or make a transaction. Thankfully, there’s a multitude of apps available to consumers such as Zelle, Venmo, Paypal, and Cash App, which help people make transactions on their phones in a matter of minutes. According to paymentsjournal.com, nearly one in five people use peer-to-peer payment apps on a regular basis. One of the most popular and easy to use is the peer-to-peer payment service known as Cash App. Cash App empowers consumers in several different ways with just a few taps of a button on a phone. Some people are still weary of Cash App due to a lack of education and knowledge on the relatively new service. Well don’t worry, we did the research for you and have highlighted five reasons why you should use Cash App Below.
Ease of Use
One major reason why you should consider using Cash App is the ease of use that comes with the service. Every payment app is somewhat different, but Cash App features an intuitive interface that is simple and easy to use. Anyone can access the app with a phone and internet service no matter where you live. Consumers can make transactions while they’re on the go or even late at night when physical banks for closed for business. All you need is a phone number and an email address to get started and you can send/receive up to $1000 per month. If you provide your social security number, name, and date of birth, you’ll have the option of raising this limit.
Invest in Stocks
Another intriguing reason to use Cash App is the ability to invest in stocks with the service. You can buy stocks in several different companies even if you have a little bit of money, so this is a great way for prospective investors to get started. You can use the funds in your Cash App account and if you don’t have enough, the app will take the remaining funds from your linked bank account. Plus, you can buy and sell stocks with no commission unlike many other investment apps.
Free Cash
You may be wondering how to get free money on Cash App, but it is possible and serves as another reason why should use the app. If you’re still confused about how to get free money on Cash App, don’t worry because it’s a simple process. In order to make this happen, all you have to do is sign up for a Yotta debit card and add it as a card so it will be linked to your Cash App account. You’ll be way on your way to learning how to get free money on Cash App. Yotta has a 1 in 250 odds chance your purchase will be reimbursed and offers no foreign transaction fees. This solves the problem of how to get free money on Cash App.
Bitcoin
Another great reason to use Cash App is the ability to buy and sell Bitcoin on the platform. If you don’t have to own a cryptocurrency wallet if you wish to receive Bitcoin. You can easily receive and send the currency on the app in a matter of seconds. Keep in mind that Cash App will charge you two kinds of fees with each transaction. The first one is a service fee. The second one is determined by price volatility within the cryptocurrency market on the specific day and time.
Cash Boosts
Another solid reason to use Cash App is the cash boosts that come with the service. If you have a Cash App Cash Card, you have the ability to choose a boost that gives users the power to save money on a purchase. For example, you might get a boost that allows you to save 10% on an order with the delivery service DoorDash. Keep in mind that only one active cash boost is allowed at a time, but you have the option of swapping boosts as well. This is a great way for consumers to save dollars, especially if money is tight.
Conclusion
With more than 40 million users using the service, it’s no wonder why Cash App is still growing in popularity. It works similar to any normal bank account and even comes with a debit card if you want one. Users can make transactions in a matter of seconds and you can take advantage of the service for several different reasons. Some of these reasons include the ease of use, learning how to get free money on Cash App, and the ability to invest in Bitcoin. Two other great reasons to consider using Cash App include the ability to invest in stocks and utilize cash boosts to save money on purchases. These are five reasons why you should use Cash App and start your journey in the peer-to-peer service world.
