Cash App
Cash App can suspend accounts and withhold funds for Terms violations
Violate their terms and they can suspend your account or withhold funds. What constitutes a violation is determined at their sole discretion.
Users bear all risk of loss for peer-to-peer transactions
Send money to a scammer? Cash App isn't responsible for fraud or errors. Unlike credit cards, there's limited recourse once money is sent.
Cash App is operated by Block (formerly Square)
Since Block owns Cash App and Square merchant services, your payment data may connect across their ecosystem per their Privacy Notice.
Bitcoin holdings are not FDIC insured
The cash balance is insured, the Bitcoin isn't. Bitcoin isn't legal tender and isn't backed by government insurance like traditional deposits.
Scam protection is minimal compared to traditional banks
Sent money to a scammer? Too bad. Unlike your bank's fraud protection, Cash App's stance is basically 'you should've known better.'
Terms & Conditions Facts
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