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Cash App

Cash App’s Business Model – How Cash App makes money?

Cash App is a peer-to-peer (P2P) payment service owned by Square Inc. (SQ), a leader in the financial technology industry. Cash App is just one part of Square’s business offerings, which also includes software and point-of-sale hardware for businesses of all sizes. Since going public in November 2015, Square has quickly grown into one of the largest payment processing companies in the United States and has expanded its business model beyond payment processing to include scheduling, employee management, and business Read More

Square’s Cash App opens doors for users to receive U.S. coronavirus stimulus funds in their accounts.

The IRS announced Friday that it was launching a tool for eligible U.S. citizens and residents who don’t usually file a tax return to obtain access to government coronavirus-related stimulus funds. Hours after that decision, Square announced that it was adding a feature to allow users to direct those stimulus payments to their Cash App accounts. The IRS tool is being launched on April 17, according to a press release published by the agency., and the U.S. government is expected Read More

Cash App report increased Bitcoin engagement during March

The chief financial officer of Square, on March 24, 2020, has said, although the market is experiencing a lot of turbulence due to the outbreak of coronavirus, Bitcoin is not. The financial officer of Square mentioned that the Cash App which the company has developed for payment services, on that app the engagement of Bitcoin is increasing. Purchasing Volume Of Bitcoin Increases in Q4  According to Square’s report, in the fourth quarter, the purchasing volume of Bitcoin via Cash App was over Read More

Square’s Cash app details on how to use its direct deposit feature to access stimulus funds.

The Square payments platform now encourages users to deposit their COVID-19 stimulus payments through its Cash app for faster and easier access to funds, in case someone doesn’t have access to a traditional bank account. The app has started showing users a popup that explains how to go about depositing payment without having to wait for a paper check in the mail, and a Square spokesperson told The edge that the company is trying to make its deposit function “more accessible,quote; by Read More

Apps like Venmo, Cash, and PayPal are free, but here’s who they are telling your business!

Millions of people have turned to mobile payments on their phones as a way of splitting pizzas, rents and the like, instead of having to pull out cash and pay the old-fashioned way.  Especially during this COVID-19 crisis, many are ditching the use of paper money, which can gather germs, and choosing to pay electronically. Peer-to-peer mobile payments is easier and cleaner than pulling out a credit card, instead, just open the app, choose the person and dollar figure, and click send.  Read More

Payment App Warning: How to protect yourself when using apps like Zelle, Venmo

More and more people have ditched cash and checks and are instead sending money to family and friends using mobile payment apps. But some popular apps are seeing some complaints and scams. Zelle is one of the fastest-growing peer-to-peer payment apps out there. The mobile payment app partners with many major banks like Chase, Bank of America, and Associated Bank, meaning some mobile banking apps use Zelle to allow its users to send or receive money, like Chase QuickPay. Zelle Read More

Instant fraud: Consumers see funds disappear in Zelle account scam!!

The digital payment service embedded in banking apps has made it easier for thieves to access funds in personal checking and savings accounts, experts say. Chrysanthi Rausch was taking a nap on her couch two months ago when she got a call from a number she didn’t recognize. On the other end of the line was a woman who said she worked for KeyBank, Rausch’s local bank, calling to alert her of fraud in her account. “They wanted me to Read More

PayPal vs Venmo vs Zelle: Who’s the best?

The peer-to-peer payment app war is growing fierce. The use of P2P (peer-to-peer) payment apps is expected to grow by double-digits across all age groups through 2021. Just last year, P2P transactions exceeded $120 billion. Let’s take a look at three of the most popular apps–Paypal vs Venmo vs Zelle–and see who comes out the winner.  PayPal vs Venmo vs Zelle Popularity PayPal has proven to be the trusted source for online payments over the last 20+ years. Shortly after it’s IPO, PayPal was Read More

Venmo vs Zelle vs Cash App: pros & cons

Cashless payments are firmly entrenched in the lives of multiple people worldwide. Consumers appreciate the convenience and speed of new technologies, while tech giants and financial firms continue to improve existing solutions and develop new ones as well. Mobile payment is quite a popular option today. The idea of handling payments with just a mobile phone is not that new. However, today we can observe the peak of popularity of this technology. It would be wrong to call this situation Read More

Zelle Eyeing Expansion Into Small Business Payments

Zelle, the digital payment app that enables consumers to send money to friends and family, is gearing up to expand its offering to enable customers to pay small businesses. Bloomberg, citing people familiar with the situation, reported Zelle is in the process of enhancing its risk assessment tools as part of the effort to make it safe for people to pay small businesses. Zelle is backed by Bank of America, JPMorgan Chase and other banks. According to Bloomberg, there isn’t a set Read More