Money is moved all-around every day and we need to keep looking for different ways to send and receive money, both within and out of the country. Cash App has been around for a good number of years now. It started as an app that lets users send and receive money and also cryptocurrencies. However, it has now evolved into a platform where people can invest and earn more.
This article will be all about whether Cash App is worth using for business and why. Should you really use the platform to send and receive money to and from your clients? Does it offer enough security? We will find out here.
About Cash App
As mentioned earlier, Cash App is a platform that allows businesses to send and receive money to and from their clients. It has evolved since then into an investment platform while still retaining its original purpose.
Cash App is Owned by Square and was formerly known as Square App when it was first introduced in 2013. The company is based in San Francisco and has won awards for being one of the best platforms for debit and credit card processing.
Is Cash App worth it?
That would depend greatly on what you use it for. Many businesses are rooting for the platform as one of the fastest and most straightforward ways to make send and receive money and also invest the same money in stocks and cryptocurrencies in order to keep earning.
one thing that makes Cash App stand out is the fact that people can send money to their business associates without requiring them to own a Cash App account. So, as a business owner, especially one in the digital space, you can pay your employees without having them open a Cash App account, which is, in itself, very easy.
Another major importance of using Cash App is the business owners can decide to invest their unused funds in the stock market or in cryptocurrencies so that they can get a good percentage, instead of leaving the money idle until the next trading year.
Fees and charges
Cash App makes sending very easy and we’re not just talking about how mobile-friendly the platform is. If you have used platforms for sending money before, you will know that it feels like they rip you off with all the fees and charges they take from you when you send or receive money.
Cash App has a more flexible and friendly fee charge. Sending money via credit card only attracts a 3% fee while sending through your debit card will attract a 1% fee, which is far less than what some other companies charge.
People who are receiving funds via Cash App do not get charged unless they are receiving the funds into a business account which will only attract a 1.5% charge.
Cash App may not have strong recognition and patronage like the other platforms yet but they are worth every penny for your business. It is a platform every business owner should hop on.