Users can win cash prizes worth hundreds of dollars through Cash App #CashAppFriday promotions. Customers should always write their unique Cash App IDs (also known as cashtags) on the wire transfer company’s Twitter and Instagram accounts to be eligible for the prize. Cash App chooses winners at random from those who comment with their cashtags on its posts.
Fraudsters using Cash App Friday employ a variety of techniques to convince genuine users that they have won a prize. Chargebackway experts claim one of the most common scams involves a phony Cash App employee convincing a user that they have won a cash prize. After being duped by the scammer’s lies, the user is persuaded to pay a “small” fee in order to proceed.
After being duped by the scammer’s lies, the user is convinced to pay a “small” fee in order to receive the cash prize. Unfortunately, many unsuspecting victims believe they can obtain hundreds of dollars in exchange for a fee, even though the Cash App offer is completely free.
If you’re propositioned by a scam artist masquerading as a Cash App employee, they’ll almost certainly congratulate you in your private messages on winning the Cash App giveaway. If you respond in order to receive the “prize,” they may request a fee of $20 or less in order to release the alleged financial reward.
How does the Cash App keep my account safe?
Cash App employs cutting-edge encryption and fraud detection technology to ensure the security of your data and money. Regardless of whether you’re using a public or private Wi-Fi connection or data service, any information you submit is encrypted and securely transmitted to our servers (3G, 4G, or EDGE). Cash App makes use of the same fraud detection infrastructure and security standards that Square Point of Sale uses to monitor millions of daily transactions.
Cash also complies with the PCI Data Security Standard (PCI-DSS) Level 1. Square has more information on security.
What can I do to keep my account safe?
There are simple steps you can take to protect your account and money.
Beware of scams and phishing attempts
- In general, if something appears to be too good to be true (such as free money in exchange for a small fee), it is a scam.
- Respond to emails only from people and organizations you know and trust. Emails from @square.com, @squareup.com, or @cash.app will be sent.
- Only links to websites at square.com, squareup.com, cash.app, or cash.me will be included in emails from the Cash Team or Square. If an email contains links to other websites, Square did not send it.
- Cash App Support will never request your sign-in code, PIN, or Social Security Number (SSN), nor will it ask you to send a payment, make a purchase, download any application for “remote access,” or complete any “test” transaction of any kind.
Protect Sensitive Information
Fraudsters attempt to steal customer data by impersonating a Cash App representative and using fake phone numbers and emails. Chargebackway experts emphasize that nobody from Cash App will ever ask for your sign-in code over the phone, on social media, or in any other way. We will never request payment or sensitive information from you, such as your full bank account number or Social Security number. If you believe you have been a victim of a phishing scam, please change your Cash App PIN as soon as possible and report the incident to Cash App Support. We strongly advise you to send payments only to people you know or to verified Cash App accounts before sending them. Before sending, double-check the recipient’s name. To avoid fraud, double-check the spelling of $Cashtag and the recipient’s phone number or email address for typos.
Cash App Sign In
When you sign in to your Cash App account, you will receive a one-time-use login code. If you received an unsolicited sign-in code via email, we recommend updating your password and enabling two-factor authentication on the email account associated with your Cash App account. If you use a device other than your personal device to access your Cash App app, make sure to sign out.
Cash App Payment Verification
Enable the Security Lock setting to require your passcode for every Cash App payment. Enable text message or email notification so that you are notified after each Cash payment. You can change these settings in the Cash App’s profile section.
Secure your Cash Card
Keep your virtual Cash Card information hidden: Open the Cash Card tab, tap on the card, and toggle the Show Cash Card Info checkbox. Disable your Cash Card temporarily: Toggle Enable Cash Card by opening the Cash Card tab, tapping on the card.
Secure your mobile device
Make a passcode for your smartphone. Check your device’s general settings to do so. For more information, consult your device’s manual.
Secure your email
If your Cash App account is linked to an email address, we recommend securing that email account by enabling two-factor authentication (if your email provider supports it).
By following a few of the steps identified by the professionals at ChargeBackway, you can successfully keep your money safe with Cash and avoid scams.
