Cash App
Cash App is a mobile payment service that allows individuals to send and receive money, pay bills, and invest in stocks and bitcoin. The service was launched in 2013 by Square, a financial services company founded by Jack Dorsey, the co-founder and CEO of Twitter.
Cash App allows users to send and receive money from other Cash App users instantly, using a mobile app. The app is free to download and use, and users can link their debit card or bank account to the app to add or withdraw funds. Cash App also offers a Cash Card, which is a free debit card that can be used to make purchases anywhere that Mastercard is accepted.
In addition to its payment services, Cash App also allows users to invest in stocks and bitcoin through the app. Users can buy fractional shares of stocks and exchange-traded funds (ETFs) and can also buy and sell bitcoin. The app charges no commissions or fees on stock or bitcoin trades.
Cash App also offers a Boost program, which allows users to earn discounts and rewards on purchases made with their Cash Card. Users can choose from a selection of Boosts, which offer discounts at specific retailers and restaurants.
Pros
- Free money transfer
- Availability of debit card for purchases
- Opportunity to invest in stocks or bitcoin
Cons
- Not FDIC-insured
- Can’t cancel a transaction once authorized
- Limited investing opportunities
Google rating: 4.0/5.0
Fees: $0 for stocks, fees vary for cryptocurrencies
Website: https://cash.app/
