Cash App Scams: The Top Scams and How to Avoid Them
Cash App has seen a rise in popularity, but so have Cash App Scams . Peer-to-peer mobile payments allow users to transfer money to each other using an app on their mobile phones. Weekly cash giveaways like #CashAppFriday have fueled the app's popularity. Users can win cash prizes by replying to or retweeting posts that include their $cashtag (the unique ID used for sending and receiving money) by engaging with the app via social media platforms. Scammers are targeting cash app users and their $cashtags via social media platforms such as Instagram, YouTube, and Twitter. The Better Business Bureau reports that these scammers have replaced scams involving wire transfers and prepaid debit cards. Victims are blocked as soon as the scammer sends the funds. This article will tell you everything you need to know about Cash App scams to protect your hard-earned cash. Common Cash App Scams: How They Work Although Cash App is a money transfer website, it has risks that users need to be aw