There is no doubt whatsoever that when it comes to peer-to-peer payment apps, Cash App is up there with the very best (Related: Cash App Vs. Venmo). Currently, Cash App has more than 26 million active users in the US alone. Add those living in the UK who use Cash App daily and the number of active users grows tremendously.
Number of Cash App Monthly Users
While there are a number of reasons why users choose Cash App, its features are without a doubt among the top reasons why. Such features include a Cash App debit card, direct instant deposits, and so on (Related: Cash App Direct Deposit Time). While these features are readily available not all cash app users can use them; here is why.
Cash App usually asks their user’s for their driver’s license so as to verify who they are. Simply put, they use it to confirm that users are who they say they are.
What Is Cash App?
Cash App is basically a peer-to-peer payment app by Square Inc. It allows users to easily send and receive money through their mobile phones. Worth noting with Cash App is that it’s free to create an account. Yes, there are no charges associated with creating a Cash App account. Furthermore, it allows users to create accounts and send or receive money through their mobile phones without necessarily disclosing their personal information.
While there are a number of positives with Cash App, it is important to point out that it does have a few negatives. One big one being the fact that it is not international, meaning Cash App users cannot send money let’s say to someone in Canada if they are in the US. Furthermore, it is only available in two countries, that the US and the UK.
Why Does Cash App Need My Driver’s License?
The reason why Cash App needs or usually asks Cash App users to share their driver’s license is verification. Simply put, they request this piece of information to make sure that Cash App users are who they say they are. Worth noting, Cash App will only make a request for this particular document if a Cash App user wants to verify their account. Otherwise, they’ll note make a request for such information.
Do I Need To Verify My Identity?
Now that we are clear on the fact that Cash App requires or asks for a user’s driver’s license in order to verify a Cash App account, the next probable question is why users should verify their accounts. The answer to this question is very simple.
Verifying a Cash App account basically helps in removing limitations that regular accounts have. Cash App users who haven’t verified their accounts can only send up to $250 every week and can only receive up to $1,000 per month. By verifying an account these limitations will be removed. Cash App users with verified accounts have a weekly send limit of $7,500 per week and an unlimited monthly receiving limit.
Yes, it is safe for Cash App users to share their driver’s license with Cash App. Cash App will only ask for this information once and they’ll use it to verify the identity of Cash App users. Worth noting is that they will only ask for this information once and they do so when prompted by a Cash App user.
Cash App users are advised to not share this information with anyone if they’ve already verified their account or did not initiate any verification process. This is due to the fact that scammers can pose as Cash App representatives with the intent of stealing personal information such as a driver’s license so they’ll probably make such a request.
Whenever in doubt, it is always best to get in touch with Cash App support. Yes, it can be a process but it’s better to be safe than sorry.
- Cash App Verification Failed: What To Do
- Cash App Verification In Progress: What Does It Mean?
- Why Is Cash App Asking For My Social Security Number?
|Released Date||October 15th, 2013|
|Headquarter||San Francisco, California|
|Members||Jack Dorsey (CEO), Jim McKelvey (Director), Amrita Ahuja (CFO)|
|Parent Company||Square, Inc.|
|Support Number||(855) 351-2274|
|Twitter Support Account||@CashSupport|
|Cash App Official Twitter Page||@CashApp|
|Cash App Instagram||@CashApp|
|Download for iOS||Click here to download|
|Download for Android||Click here to download|
|Cash App $10 Sign Up Bonus||Click here for a $10 sign-up bonus.|