Cash App
3 comparisons available
About Cash App
Cash App is a financial services platform developed by Block (formerly Square), launched in 2013 and now with over 56 million monthly active users in the US and UK. Originally a peer-to-peer payment app, Cash App has expanded into a broader financial ecosystem: users can send/receive money, invest in stocks and ETFs with fractional shares (no commissions), buy and sell Bitcoin, and use the Cash Card — a customizable Visa debit card linked to the Cash App balance. The app also offers direct deposit, paycheck advances (Borrow feature), and tax filing (Cash App Taxes, free federal + state). Cash App generates revenue through instant transfer fees (1.5%, min $0.25), Bitcoin exchange spreads, and business account fees. Cash App is particularly popular for Bitcoin — it's one of the easiest ways to buy BTC in the US. Parent company Block generated $4.6 billion in gross profit in 2023, with Cash App driving the majority.
Frequently Asked Questions
Cash App vs Venmo: which is better?
Cash App offers more financial features — stocks, Bitcoin, Cash Card debit card, and tax filing. Venmo has a larger social network effect and is more widely used for splitting bills among friends. If you want a simple P2P app for friend payments, Venmo is more popular. If you want an all-in-one financial app with investing and crypto, Cash App wins.
Is Cash App safe?
Cash App is generally safe but has risks. Like Venmo, payments are instant and hard to reverse. Cash App has been targeted by scams — never send money to strangers or 'Cash App Friday' impersonators. Enable security lock and notifications. For bank-level protection, note that Cash App balance is not FDIC insured unless you have direct deposit enabled, which activates FDIC pass-through insurance up to $250,000.