square cash app

The Definitive Cash App FAQ, Guide, and Help (How It Works!)

If you noticed – phone technologies are becoming much more advanced over the last several decades, which makes sending and receiving money at an ease for many people around the world.

With the increase in popularity of PayPal during the early days of the Internet, more companies begin to follow or branch out.

Platforms such as Venmo, Zelle, Cash App, Apple Pay, and a large number of other money-sending and receiving apps are beginning to dominate the industry while providing businesses to places and consumers.

cash app paypal venmo

In comparison to Venmo and Zelle, Cash App is growing at a tremendous rate making it one of Venmo’s main competitors.

Due to this reason, people having access to these money-sending apps are even debating on which of these are better.

While Venmo has more downloads than Cash App, it’s no doubt that Cash App will eventually catch up due to its quick rise in popularity and usage.

cash app growth

The growth for Cash App is quite insane honestly, which led to my curiosity.

I really curious, so I decided to do some research and look for some Cash App and Venmo polls.

I went ahead and found a live poll on thetylt.com for Cash App and Venmo, and you can clearly see the winner.

cash app vs venmo
Unfortunately, I wasn’t able to find the total number of votes.

I know for a fact that this poll receives a ton of web traffic using my internet marketing tools, so we can safely assume that there were a large number of voters.

As you can see, Venmo received 37.1% of the votes while Cash App received 62.9%.

cash app vs venmo


In case you’re wondering, here’s a chart for Venmo and Cash App so you can have an idea of the two.

Cash App vs Venmo ArticleCash AppVenmo  
Google Play StoreAvailableAvailable
App StoreAvailableAvailable
Free DownloadYesYes
Can You Buy Bitcoin?YesNo
Can You Buy Stocks?YesNo
Rating on App Store329,000 Ratings With 4.5 Stars8,300,000 Ratings
With 4.9 Stars
What Company Is It From?Square, Inc.The Delancey Corporation, LLC
App Store File Size131.8 MB122.9 MB
Created In20132009
Can you get your own debit card?YesYes
Instant Withdrawal OptionYesYes
Can You Withdraw From ATM with personal debit card?YesYes

Cash App is definitely winning by far but…

What makes Cash App so special?

Why do people love this company so much?


Well – to tell you the truth, I think the reason why many people love Cash App is that:

  • Cash App has a smooth and easy-to-use interface
  • They have more features than Venmo
  • You can invest in stocks/Bitcoin
  • Plus many more things you can do but I’ll cover them throughout this article

cash app

Continue reading and I’ll teach you all of the features that Cash App has and why this company is so special to many people.



What Is Cash App?

what is cash app

Cash App which used to be called Square Cash serves its role by sending and receiving payments via mobile devices. That was the initial purpose of it until more features were released.

Cash App was created by Square, Inc., which is an American company that deals with financial services.

cash app receive payments

You can use the mobile app to receive payments by providing other users with their email, $cashtag, or phone number.

cash app

After receiving, you can withdraw your money to a connected bank account or you can use your Cash App money straight from the account after receiving your “Cash Card.”

That’s right! You can get your own Cash App debit card but I’ll explain that part later!

Other than receiving and sending payments, you could also:

  • Invest in Bitcoin
  • Invest in stocks
  • Withdraw cash through ATM
  • Send/Receive using QR codes
  • Deposit money using your bank account
  • Withdraw money to your bank account
  • Deposit and send Bitcoin

I’ll cover all of these topics in a moment, so stay with me.

At the moment, Cash App is compatible with iOS and Android and is only available for people from the United States and the United Kingdom.

cash app company
Headquarter – 100 Thieves Cash App Compound | San Francisco, California
  • Developed by: Square, Inc.
  • Released: October 2013
  • Compatibility: Android, iOS
  • Language: French, English
  • Countries Available: United States, United Kingdom

History Of Cash App

cash app history

Sometimes, it’s good to learn a little bit about history. I mean – the growth of Cash App is truly fascinating.

How did Cash App, a money-sending mobile app become Venmo’s competitor in such a short amount of time?

Let’s rewind back a little to learn the history of Cash App.

cash app history

2013

Developed by Square, Inc., Square Cash now known as Cash App was released in October 2013.

At the time, it was only a payment service and available only in the United States.

2014

Square announced on the company’s press release that users are able to text/email money for free.

2015

 Cash App became accessible to businesses.

The same year, the mobile app announced their unique identifier known as $cashtags.

During this time period, they were losing money per customer due to the amount of withdrawals.

2016

Due to the loss of money per customer signed up in 2015, Square thought of a way to keep control of their balance.

2017

With the growth of Cash App, the company had a better year generating an average of $15 per customer.

In the same year, the company announced the release of the “Cash Card,” so customers can pay for things using money from their Cash App account.

While still at its growth stage, the company was reported to have an average of 7 million monthly active users.

2018

As Bitcoin becomes more known, Cash App made a huge move by adding Bitcoin features to the mobile app. Users are able to buy, purchase, send, and withdraw this prestigious cryptocurrency,

In addition, Cash App made its launch in the United Kingdom.

The average in 2018 was 15 million monthly active users with about 33 million total downloads.

2019

The company reported to be growing more making it one of Venmo’s main competitors.

This year, they averaged to about 24 million monthly active users with about 60 million total downloads.

At least 3.5 million users have their own Cash Card.

2020

The company reported earning 72% of its revenue because of the Bitcoin feature.

Cash App announced the ability to purchase stocks at a 0% fee.

The mobile app grew tremendously achieving 30 million monthly users with about 7 million having their own Cash Card.

So far, there are over 90 million downloads in 2020.

I made it into charts to provide you with a better preview of the company’s history.


Revenue

2018 Quarter 1$66 million
2018 Quarter 2$78 million
2018 Quarter 3$117 million
2018 Quarter 4$142 million
2019 Quarter 1$202 million
2019 Quarter 2$260 million
2019 Quarter 3$307 million
2019 Quarter 4$361 million
2020 Quarter 1$528 million
2020 Quarter 2$1.2 billion

Profit

2018 Quarter 1$27 million
2018 Quarter 2$38 million
2018 Quarter 3$51 million
2018 Quarter 4$78 million
2019 Quarter 1$85 million
2019 Quarter 2$105 million
2019 Quarter 3$123 million
2019 Quarter 4$144 million
2020 Quarter 1$183 million
2020 Quarter 2$281 million

Monthly Active Users

20177 million
201815 million
201924 million
202030 million

Downloads

201833 million
201960 million
202090 million

Bitcoin Revenue

2018 Quarter 3$43 million
2018 Quarter 4$52 million
2019 Quarter 1$65 million
2019 Quarter 2$125 million
2019 Quarter 3$146 million
2019 Quarter 4$178 million
2020 Quarter 1$306 million
2020 Quarter 2$875 million

Benefits Of Cash App

benefits of cash app

If you’ve never used other money-sending platforms, you might not realize the true power and benefit of owning Cash App.

First of all, Cash App doesn’t require:

  • A monthly fee.
  • Fees to send/receive money.

cash app debit card

With Cash App, you can:

  • Get your own debit card.
  • Withdraw cash from ATM using your Cash Card.
  • Purchase Bitcoin.
  • Purchase stocks.
  • Use boosts for discounts at selected stores.

While it seems like the company is planning on adding more features, many of the reasons above are why many Cash App users adore the mobile app.

All the basics are now covered, so let’s check out the Cash App features.


Cash App Features

cash app features

If you’re not a user of Cash App yet, then here’s what you can expect for Cash App features:

  • Banking
  • Cash Card
  • Payment
  • Investing
  • Activity

Below, you can find the information about every feature and what it does.

cash app features

 

Banking

cash app banking

For the banking tab, you have the option to connect your bank account using your routing and account number.

You can also connect to your Cash App via debit card. It’s as simple as that. Basically, this is where you deal with deposits and transfers including Bitcoin.

What you do here:

  • Add cash
  • Cash-out
  • Link bank accounts
  • Deposit/withdraw Bitcoin

Cash Card

cash app cash card

For the Cash Card tab, this is where you can find the information and status of your card. If you haven’t requested a card yet, then this is the tab to do so.

In this part of Cash App, you can view your card info and use your boosts for selected stores and restaurants.

These boosts will provide Cash App users with a generous discount when visiting the selected locations as a customer.

What you do here:

  • Request cash card
  • Get boosts
  • Enable/disable cash card
  • Find card information
  • Design custom card
  • Copy/save debit card number
  • Report lost or stolen card

Payment

cash app payment

The payment tab is also your home screen when launching your Cash App. Once properly connected and verified on your account, you’ll be able to send money to other Cash App users.

You can also receive money even when you’re not fully verified but keep in mind that you won’t be able to withdraw the money unless you do so.

To ease the sending/receiving process, Cash App provides users with a QR code to share with other users instead of manually entering the person’s email, phone number, or $cashtag.

What you do here:

  • Send payments
  • Receive payments
  • Scan QR codes
  • Share QR codes

Investing

cash app investing

One of my favorite Cash App features is having the ability to invest in Bitcoin or the stock market while using your favorite money-sending app. Here, you’re able to invest in your favorite company or Bitcoin.

While the selection of stocks is limited, you can explore and find what’s best for you.

Invest at your own risk and make sure to do your due diligence before making any financial decisions.

What you do here:

  • Invest in stocks
  • Invest in Bitcoin
  • Sell stocks
  • Sell Bitcoin
  • Transfer Bitcoin

Activity

cash app activity

For the activity section, users will be able to see their latest and past transaction history. You cannot remove or delete Cash App transaction history for legal purposes.

Whether money is coming in or out of your account, they will all be marked.

If everything here sounds good and it’s exactly what you’re looking for, then let’s start downloading the app!

What you do here:

  • Check previous transactions
  • Search transactions

Downloading Cash App

downloading cash app

Whether you’re an iPhone user or Android, downloading Cash App should be a piece of cake. If you’re looking to install Cash App on your PC, then you’re going to need this tutorial to help guide you.

First of all, it’s worth mentioning that Cash App isn’t meant for computers.

You can’t access and use Cash App straight from your PC, so you’ll have to go through a few steps to bypass it!


Download For PC

The first step to downloading Cash App for PC is head to BlueStacks.com. The link you click on will take you to this webpage.

cash app on bluestacks

Once you’re on the webpage, click on “Download Cash App on PC.”

You will now have it downloaded at the bottom of your screen.

downloading bluestack for cash app

Now click on the file “BlueStacksInstaller” to install the program.

It will ask you if you want to make changes to your computer, click yes.

A screen should pop up asking if you want to install it.

cash app bluestacks

Click on “Install Now.”

cash app bluestacks

BlueStacks will begin to download. The file should be around 529 MB, which should take several minutes to install.

Once it’s done, this should pop up giving the extracting progress.

cash app bluestacks

Upon completion of the extracting bar, this will appear.

You will have to wait for several minutes.

cash app bluestacks

Once it’s completed, BlueStacks should automatically launch. Just a reminder that it consumes a lot of RAM space.

If your computer is slow, a performance warning should appear.

cash app bluestacks

My computer could barely handle it, but hey – it’s worth helping you with this guide!

I clicked on “Continue anyway!”

Now you should see this pop up on your BlueStack.

Click “Sign in.” Remember you have to sign in to be able to install Cash App on BlueStack to use on your computer.

Now on your BlueStack, you should see Cash App install.

If not, you can go to the search bar on the top right and type in Cash App, and hit search.

cash app bluestack

Once you see it, click the “Install game” button.

cash app bluestack

This will take you to the computer version of the Google Play Store.

cash app bluestack

Click on “Install.”

Now, wait for Cash App to finish installing. It should take less than a few minutes.

cash app bluestack

Now Cash App is in your library on BlueStack.

You can launch it and experience Cash App on your computer now!


Download For iPhone

cash app for iphone

Downloading Cash App on iOS should be a piece of cake.

Cash App iOS Download Link


Download For Android

cash app android

Just like iPhone users, if you’re an Android user – just search up Cash App on the Google Play Store.

You can also use this link below.

Cash App Android Download Link


How To Set Up Cash App Account

cash app set up

Now that you have Cash App downloaded on your phone, let’s go ahead and set up your account.

First, launch your Cash App.

cash app launch

Now it’ll ask you to enter your email address or phone number.

Once you enter it, Cash App will send a confirmation code to your email/phone number.

Confirm your code and Cash App you will get the choose your $cashtag.

For me, I used $mysocialgod as my $cashtag.

This is how people will be able to send you money.

Now you can connect your bank account and receive money from other Cash App users!

Continue on for help on how to connect to a bank account.


Banking

Now let’s go ahead and connect your bank account to your Cash App.

Click on the icon on the bottom left to access the banking section.

cash app banking

Now it will take you to this screen, click or tap on “Linked Accounts.”

cash app linked accounts

After that, it’ll take you to a screen with a list of options on how you want to connect your account.

cash app linked accounts

Pick the best option for you and connect your account using your banking info. You can use a debit card, account routing number, or credit card to link to your Cash App.

Add Cash

Now go back to the screen and click or tap on “Add Cash.”

cash app add cash

After clicking “Add Cash,” you can type in the amount of cash you want to add.

If your bank is confirmed and connected, your funds should be available in your Cash App almost immediately.

Cash Out

Now, if someone sends you money or if you have the money you want to Cash Out, click on “Cash Out” to withdraw money to your bank account.

cash app cash out

Cash App will then ask you how much you want to cash out to withdraw to your bank account.

Type in your desired amount.

Keep in mind that if you want to cash out instantly, there will be a 1.5% fee. To help you, you can try using this Cash App fee calculator below.


Cash App Fee Calculator


Cash Card

Next, we have the “Cash Card” section.

cash app cash card

This is where you’ll be able to request your Cash Card or use any other options related to Cash Card.

cash app cash card


Requesting A Cash Card

To request a Cash Card, you’ll have to click or tap on the button that says “Get Free Cash Card.

cash app request a cash card

It should look like this.

After, you choose the color you want and click or tap “Continue.”

cash app request a cash card

Now, you can customize your card on where it says “Tap to customize.”

cash app tap to customize

From here, you should be able to draw and customize your card. For me, I have a Bitcoin symbol.

Once you’re done, click “Next.”

Cash App will now ask for your mailing address. Enter it and confirm before hitting next.

cash app request a card mailing address

After entering your mailing address, Cash App will ask you to confirm your first and last name.

This will get printed on the card.

cash app cash card

Once you hit next, Cash App will show you details about your Cash Card.

If you’re happy with the card information, you can continue.

cash app card information

That should be the last step.

Cash App will tell you that your card should arrive approximately 10 business days.

cash app cash card
Here’s a picture of my card so you can get an idea of what it looks like.

Add To Apple Pay

To add connect your card to Apple Pay, first, you’ll have to tap on the card.

cash app apple pay

Once you hit tap, a screen should appear with all of the options.

Tap on “Add to Apple Pay

cash app add to apple pay

It should take you to the next part asking if you want to add your card to your iPhone or Apple Watch.

cash app apple watch iphone

Choose your option and click “Next.”

Now enter your name and card number.

cash app add to apple pay

Once you fill it out, hit “Next.”

Once confirmed, you will get this message from Cash App.

cash app apple pay

Your Cash App is now connected to your Apple Pay.


Design New Card

To design your new Cash App card, tap on the cash card.

cash app apple pay

Now click or tap on “Design new card.”

cash app design new card

Once you tap it, you will get a list of selections.

For each card, there will be a $5 fee.

cash app design a card

You can also get a limited edition cash card for a fee of $35.

cash app card limited edition

Select one of the following and continue on to create your card.


Copy Number

To copy your cash card’s debit number, simply tap on the cash card on the screen.

You have to make sure “Show Cash Card Info” is enabled.

cash app apple pay

cash app copy number

After enabling “Show Cash Card Info,” tap on “Copy Number.”

Your cash card number should automatically be saved and you can now paste it anywhere.


Boost

To check out boost, tap on “Swap.”

cash app boost

A selection of restaurants and stores will appear.

You can find the type of discounts they have right below.

cash app boost

The discounts will only apply if you pay using your cash card.

 


Report Card Lost Or Stolen

To report a lost or stolen card, first, you have to tap on the cash card on the screen.

cash app apple pay

Now tap on “Report Card Lost or Stolen.”

cash app report stolen card

Now a screen should pop up asking if your card is missing or stolen.

Select the one that applies to you.

cash app card missing stolen

Since mine is neither lost nor stolen, I didn’t select any of the options.

Cash App will guide you from here on.


Payment

cash app payment

Now, let’s go over the payment section of the Cash App.

This will be where you make transactions with other Cash App users.

Request

To request money from another user, enter the amount of money.

cash app request

Once you enter the right amount, click or tap on “Request.”

cash app request

After, it should ask you to enter a phone number, $cashtag, or email of the person you want to request from.

cash app request

Once you type it in, hit request on the top right.

The person you requested from should be notified that you’re requesting a certain amount.


Pay

To pay a person, enter the right amount of money on the screen.

cash app request

Next, you click or tap on “Pay.”

cash app pay

Enter the person’s ID (email, phone number, or $cashtag).

cash app pay

Click or tap on “Pay” on the top right and your payment should send.


Scan A Cash Code To Pay or Receive

Another way of sending or receiving payment is through QR codes.

If you or another Cash App user have a QR code, you can use it to scan to make a transaction.

The first thing you want to do is tap on the box on the top left.

cash app qr code

After tapping it, you will be taken to your QR scanner and the option to show your QR code.

cash app qr code

You can use your QR camera to scan another person’s QR code or you can open “My Code” and show someone yours.

It should look like this.

cash app qr code

You can also share your code by clicking on the icon on the top right of the screen.

cash app qr code


Investing

We’re now at the fun part of Cash App and that’s investing.

Go ahead and tap on this icon.

cash app investing

Let’s begin with stocks.


Buying Stocks

To invest in stocks, simply tap on the “Stocks” tab.

cash app stocks

Once you’re there, click or tap on the magnifying glass to search for your stock company to invest in.

cash app stocks

You should now be able to search for your favorite stock or find the industry you’re interested in.

cash app stocks

For me, I selected “Banking & Finance” as an example.

After I tapped on “Banking & Finance,” it took me to a list of stock companies in that industry.

I selected “Square.”

cash app square stock

After finding your desired stock company, tap on it.

You should be taken to the company’s chart with the options to buy or follow.

I tapped on “Buy” for example.

cash app square stock

It then gave me the payment options.

cash app buy stocks

Find the best option for you and tap on “Next.”

You can click or tap on the three dots to customize the amount for how much you want to pay.


Buying Bitcoin

To purchase Bitcoin, select the Bitcoin tab.

cash app bitcoin

You will get a preview of the current price of Bitcoin.

Tap on “Buy” on the bottom left.

cash app buy bitcoin

Once you tap on the buy button, a screen should appear.

Select the amount of money you’re willing to spend on Bitcoin.

You can customize the amount you want to spend by tapping on the three dots.

cash app buy bitcoin

To send Bitcoin, head back to the Bitcoin tab.

Now tap on the arrow.

cash app buy bitcoin

You should have the option to send or deposit.

Select the one that best applies to you.

cash app bitcoin withdraw deposit

To send Bitcoin, you must have a minimum of 0.0001 Bitcoin.

If you do, then you will need the address from the receiver and add it to the address.

To deposit Bitcoin, tap on “Deposit Bitcoin.”

cash app deposit bitcoin

You will get an address code, a QR code, and the ability to share.

cash app bitcoin address

Make sure that your code is accurate before sending payment.

There are cases of people losing their Bitcoin from inputting the wrong address info.


Activity

At the “Activity” section, you will get to view your transaction history.

There’s no way to delete this in case you’re wondering.

cash app activity

You can search for people using the magnifying glass on the top right.

If you scroll down, you will see all of your most recent transactions with other users, stores, deposits, or restaurants.

cash app activity


Profile

On the top right of every screen, you should see the profile icon.

cash app profile

If you tap on it, it’ll take you to your settings.

cash app profile settings

You can edit your personal info, privacy/security, notification settings, check documents, and get support.

Let’s go over what you can edit in these settings.

Personal

  • Full Name
  • $CashTag
  • Phone Number
  • Email
  • Address

Privacy Security

  • Security Lock
  • Change Cash Pin
  • $CashTag Enable/Disable
  • Request Enable/Disable

Notifications

  • Select Notifications (Push Notifications, Phone Number, Email)
  • Cash Team Notifications

Documents

  • Stock Documents
  • Bitcoin Documents
  • Tax Documents
  • Monthly Statements

Support

  • Find related questions or contact support.

In case you’re wondering, you can contact Cash App through:


Cash App Info

Released DateOctober 15th, 2013
HeadquarterSan Francisco, California
MembersJack Dorsey (CEO), Jim McKelvey (Director), Amrita Ahuja (CFO)
IndustryFintech
Business TypeDivision
Parent CompanySquare, Inc.
Support Number855-352-3374
Twitter Support Account@CashSupport

For related Cash App articles, you can check out:

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