Cash App Review: PROs and CONs — AppsKingo

Cash App Review: Cash App is a mobile app that allows you to send money to someone else, or request money from them. It also has many other features and this article will review those features in detail and give tips for using Cash App.

- You can deposit your paycheck into the account (this feature saves time on payday)

- The app shows you how much money you have left after each purchase so there are no surprises at the register

- If an ATM doesn’t work with your card, you can use Cash App as a backup

- If you want to withdraw more than $700 per day from an ATM, cash out with Cash App

- When spending money on the app, you can set a limit for how much you’re willing to spend and if your card is about to expire or has expired, it will notify you of that too.

The following points are important considerations when evaluating whether or not Cash App might be right for your business:

- The fee structure may change in the future (currently there’s no monthly fee)

- Cash App cannot be used internationally at this time but that could change over time

- There are no fees associated with going into debt so this feature makes borrowing easy — however, if the borrower doesn’t make a payment after a certain period of time, it will be difficult to get the money back

- Cash App can only accept credit cards for deposits and withdrawals but this is likely to change in the future

- In order to use “cash out” features on Cash App, you must have an ATM card — if you don’t have one then your options are limited.

The following additions/subtractions would make me more likely to use Cash App:

+ If there were no monthly fees I might choose not go with my bank account + The fee structure could always change so maybe that would also impact what I do about my banking arrangements -/+ It’s possible that some international features like using cash out overseas may be available in the near future -/+ The app has a feature that limits how much you want to spend and it will tell you when your card is about to expire.

- Cash App can only accept credit cards for deposits

+ Cash App could add some features like allowing people without ATM access (like me) the ability to use cash out on the app

+ Adding more security features would also be helpful because at this time there’s no protection if someone steals your phone or opens up the account online. That means they have complete access to all of my information which I don’t feel comfortable with, especially considering that other apps already offer two factor authentication.

The following are reasons why I might choose not go with Cash App:

- It costs money to transfer to a bank account or add money from a debit card

- There’s no monthly fee (although this could change in the future) — The app doesn’t allow international transactions at this time. But there are some features that might make up for those limitations: cash out is available with an ATM card, spending limits can be set and alerts about expiring cards help prevent fraud.

Originally published at https://appskingo.com on August 5, 2021.