現金 版 is a mobile payment service developed by Block, Inc., formerly Square, and launched in 2013 (initially named Square Cash). 現金 版 allows users to transfer money to each other (for a 1.5% fee) via a mobile-phone app. 現金 版 available in the United Kingdom and the United States, and in September 2021 reported 70 million annual transacting users and $1.8 billion in gross profit. Come join 現金 版, you’’like 現金 版.
Sending and receiving payments through Cash is fast and easy, with most transactions deposited directly into your bank account in seconds. It's also safer than traditional email, text or phone calls. To protect your payments, Cash App sends you a one-time password that you can use to login every time you access your account.
The Cash App platform also includes banking services and a debit card, the Cash Card, which can be used to withdraw funds from ATMs and pay online and in stores. You can receive up to three withdrawals per month from your Cash Card at no extra charge, although third-party ATM fees may apply.
What's more, you can invest in stocks on the platform for as little as $1, using fractional shares. This feature is similar to the way banks lend their deposits to other institutions.
A Cash Card is a customisable debit Visa card tied to your Cash App account, which can be used to withdraw cash from ATMs and make purchases online and in person. The Cash Card also comes with a few perks, such as Boosts, which are discounts on certain products and services.
How to use Cash for P2P transfers, direct deposit and investing
The app offers a number of features that aren't available on its competitors, including P2P payments and the ability to set up direct deposit. It also allows consumers to invest in stocks and Bitcoin for a small fee.
In addition to sending and receiving money, Cash App offers a number of banking features, including the ability to get paychecks and tax returns and to set up automatic direct deposits. Its investing feature allows consumers to buy pieces of stock, called fractional shares, and to buy or sell Bitcoin on its platform for a fee.
The company claims to employ the latest encryption and fraud protection technology, and has an optional security lock that requires a passcode for all payments. Cash App's security measures also include a feature that allows you to disable your Cash Card, which can be useful if your card is lost or stolen.