Cash App Scams

Cash App Scams unfortunately, scams are everywhere these days. Scammers can call you, text you, Instagram message you, and believe it or not, they’ve even found a way to infiltrate payment apps. Yep, money-grubbing fraudsters are even lurking on peer-to-peer money transfer apps—precisely where you may assume you’d be safe. But all the security and encryption in the world won’t stop everyone from falling for a ruse. After all, scammers gonna scam.

Cash App Scams
Cash App Scams

Cash App Scams

Cash App Scams That being said, there is a lot you can do to protect yourself… and your money. First off, you should know that any money-transfer app, including the Cash App, is susceptible to money fraud. No one app is particularly worse off than the other, though Cash App does seem to be having a rough go as of late.

Statistics prove it: complaints of Cash App fraud have increased 472 percent since 2020, the Federal Trade Commission (FTC) reports. The reasoning? People are more vulnerable than ever and sadly, others will take advantage of that vulnerability.

“Fraudulent payment scams are ones that I have seen people fall victim to way too often,” says Kristen Bolig, CEO at Security Nerd. “A lot of scammers are figuring out how to make their messages look really legit, getting rid of spelling errors, and other signs that immediately point to a message being fake, which is why so many people fall for them.”

Cash App Scams
Cash App Scams

Don’t fall victim to a scam! Keep reading for 10 of the most common Cash App scams—plus, tips on how to avoid getting ripped off.

10 Cash App Scams

  1. Pretending to be customer support or a company representative
    Ugh—it’s almost too easy. Cash app scammers will most often try to impersonate either customer support or some other company representative in order to seem legitimate. They’ll reach out to you through either text, phone call or even a direct message.

“Last year, I made the unfortunate decision to keep a hefty amount of money in the then-popular Cash App,” Alex Mastin, CEO and Founder of HomeGrounds tells Parade. “Eventually, I forgot about the money until one day, a representative of the Cash App support called me and wanted to help make use of the money deposited in my account. Naturally, I did not think much of the situation and let the caller guide the way on how to transfer out the money.”

It’s important to note that the Cash app doesn’t offer any live customer support whatsoever. The only customer service Cash app offers is a support chat system. So, if someone is contacting you about your balance or usage of the app in general—off of the app—it’s a total red flag.

“After giving some details to the apparent representative, all my deposited money from the account suddenly disappeared,” Mastin continues. “The caller had my number blocked and that is when it all made sense to me—I had been scammed by someone claiming to be a Cash App representative. A hefty amount of sum was lost and even as I emailed customer support, they took days to respond, eventually freezing the account. I would advise users to understand that Cash App only has an automated customer support chat system. So, any other real-time call has to be a scam.”

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