The 8 Most Common Cash App Scams To Steal Your Money

Cash App is a wildly popular and convenient app. Everyone loves the convenience and speed of getting cash, but no one more than scammers and fraudsters.

When you send cash via the Cash App, you can’t get your money back. And unlike PayPal, Visa, and MasterCard; if you buy something with your Cash App you have no buyer protection and can’t dispute the item if you do not receive the merchandise.

In short, the Cash App is like real cash. Once you give it away to a crook, you can never it get it back.

So scammers and fraudsters like to use the app for their scams to steal your money.

If you are going to get scammed, more than likely it will be with one of a few favorites that they like to use.

Here are the Top 8 Ways That Scammers Will Try To Steal Your Money With The Cash App

#1 – THE CASH FLIPPING SCAM

This scam is all over Twitter, Instagram and Facebook. It’s the top get rich quick scheme that will always leave you disappointed.

You are asked to send a person $10 to $1000.  They promise to send you back double or triple your money.    Sometimes the scammer will say that they received money from a big company like Walmart and to make it not look suspicious they need you to send a small amount first upfront, and then they will pay you a huge amount of cashback.  This is very similar to the Nigerian 419 Scam. Don’t fall for it.

#2 – THE CASH CIRCLE SCAM

The Cash Circle scam is the modern version of a chain letter. And as complex as they try to make the game, the only thing that will result is you losing your money.

Also called “The Blessing Loom”, “The Money Board”,  “The Mandala Game”, “Blessing Circle”, “Giving Circle” and “Infinity Loom” you are promised big returns for a small upfront investment.    Typically for $100, you will receive $800 from other people participating in the circle.  This scam is a garden variety Pyramid Scheme however worse because typically you will receive no money back in return at all.

#3 – THE CASH APP FRIDAY SCAM

This scam is called the Cash App Friday scam because scammers advertisements on Instagram, Facebook, and other social networks run on Friday. 

This is typically a fraudulent raffle where you are asked to send $1 to $5 via cash app for a chance to win up to $1,000 or more back.  You will send money in, but rarely does anyone ever win anything in return.

#4 – THE PET DEPOSIT SCAM

If it is too good to be true, it certainly is. And the Pet Deposit Scam tries to sell you pets at ridiculously low prices. Scammers will claim to have highly sought after pets such as purebred dogs and cats.  They will offer the pets at an extremely reduced price and will request you to send the money with Cash App to hold the pets for you. 

In the end you are sending your money to a scammer and you will never get the pet.

#5 – THE WATCH VIDEOS OR DOWNLOAD APP SCAM

In this scam, advertisers will claim that you can make money with the cash app by watching videos or downloading apps.  They will send you a link with apps or videos and you must watch or download 3 of them.  In return, they promise you $25 to $50. 

The bottom line is you will never get paid. The people scamming you are having you click on their affiliate links so they can get paid. The apps or videos you are watching probably net them $5 or $6 for your clicks but they will leave you high and dry.

#6 – THE APARTMENT SCAM

Scammers will advertise fake apartments or houses for rent but they will claim to be out of town so you can’t tour it. 

They require a deposit and request you to send a cash app payment to hold the apartment for you.  But its a fake rental.  You lose your m

#7 – THE BUY ONLINE SCAM

Scammers will often put something for sale online.  Instead of Paypal or another service that offers buyer protection, they request you send the money with Cash App which has no buyer protection. 

They never send you the goods and you lose the money.  Never send Cash App to someone you don’t know. P2P services are not meant for buying things online from strangers.

#8 – THE FAKE CASH APP SUPPORT SITE SCAM

As of right now, Cash App does not actually offer customer service via the telephone, only via email or through the app. If a consumer does call the number provided by the company (1-855-351-2274), they will hear a recording telling consumers to seek service via email or their app.

So scammers take advantage of this horrible customer service by Cash App and create their own fake websites claiming to be Cash App Support.  They are nothing more than phishing sites designed to steal your Cash App details and codes from you.  Do not use a website does not have the official Cash App site – https://cash.app/contact

Here is An Infographic To Download and Share

If you want to share this, feel free. It tells you the most common cash app scams that you, your friends and family should avoid.

Frank McKenna is the Chief Fraud Strategist for PointPredictive and a Fraud Consultant based in San Diego California