Cash App, a popular mobile payment app, allows users to conveniently send money to other users. However, many users also experience Cash App scams. This article will list common Cash App Scams, how to get your money back, and how to avoid Cash App Scams in the future.
7 Common Cash App Scams
1. Impersonating Customer Support
- This is when a scammer impersonates Cash App customer support. One problem — Cash App doesn’t have live customer support. Cash App will never ask you for financial information, money, or to download something.
2. Fake #CashAppFriday Offers
- Cash App hosts official sweepstakes every Friday, but scammers have used the same hashtag “CashAppFriday” to trick customers into transferring money or sending their private information. Check that the post regarding #CashAppFriday actually comes from the official Cash App Twitter. This could be done by clicking on the user profile and seeing a blue checkmark.
3. Selling Incredible Goods
- Scammers will offer highly desirable goods like pets or luxury items without showing you the item in person to verify the seller’s legitimacy. However, once you send the money, they disappear.
4. Fake Rental Scams
- Similar to the previous scam, scammers will claim that they have a low-priced rental available but you need to send a deposit before seeing it.
5. Fake Referral Bonuses
- Scammers promise that if you sign up for a company’s services using their referral link, they will give you some portion of the profit. However, they never follow up on this promise.
6. Flipping For Profit
- The scammer promises that if you send him some amount of money, he will “turn” it into a higher amount. The scam is framed as an “investment,” but once you send the money, the scammer ghosts.
7. Fake COVID-19 Programs
- Some scammers will create grant or relief programs that require payment or fees to be paid to receive benefits. Others will claim that you’ve won a “gift” or won a lottery for being vaccinated.
How To Get Your Money Back After A Scam
Cash App offers very basic fraud protection services such as canceling pending transactions, requesting a refund, and disputing transactions (if the receiver does not approve of the refund). To dispute the scam transaction, follow these steps:
- In your Cash App account, click the clock icon in the top right corner.
- Click the transaction you want to dispute.
- Click the three small dots icon.
- Click on “Need Help & Cash App Support.”
- Click “Dispute Transaction.”
- Answer the questions and submit the dispute request.
Cash App will then conduct an investigation by sending a claim to Visa. Visa asks the merchant for evidence that the product or service was given. If there is none, you will receive a refund to your account.
How To Avoid Cash App Scams
- Don’t send money to someone you don’t know.
- Protect yourself with Agency’s Nextgen Antivirus plus active security response to ensure that your digital payments are protected.
- Double-check the receiver’s information and legitimacy before sending money.
- Don’t send money to someone who promises future products or services.
- Don’t be lured in by incredible deals or opportunities. If it’s too good to be true, it probably is.