A New CashApp Scam

October 6, 2020
CashApp
Categories: 

 Fewer people carry cash and thanks especially to the pandemic more businesses aren't even accepting cash for payments.  Wicker prefers cash and Wilde perfers using her card......but we haven't quite gotten into the cash apps yet, like CashApp and Venmo, PayPal and more.  We know we are probably in the minority with more people going cashless but along with the change comes an increase in scams.

One of the latest, according to the Better Business Bureau scam tracker, involves the popular CashApp.  People, Con artists, are requesting payments through CashApp. When you make that payment, the scammer immediately blocks you.

From the BBB Scam Tracker site, "For example, one person was targeted by to buy bogus software through CashApp. Another victim tried to buy concert tickets from a seller who claimed to only accept CashApp payments. She sent the $350.00 for the tickets and was instant blocked.”

Another CashApp scam users need to be aware of involves fake customer support numbers. When people experience a problem with the app, they may search online for help. You come across a phony number online, make a call, turn over you login information and end up getting tricked into sending money.

The BBB offers the following tips for protecting yourself while using CashApp:

  • No one representing Cash App will ever ask for your sign-in code over the phone or on social media. CashApp will never ask for payment or provide sensitive information, such as your full bank account information. 
  • Be skeptical of any business that requires CashApp payments. If a company claims to only accept CashApp and/or prepaid debit card payments, be very wary. This is a red flag of a scam.
  • Double check information before sending money. Verify recipient’s name, CashApp handle, and information before sending them money.
  • Link your money transfer app to a credit card. As with many other purchases, using a credit card will help protect you if you don’t get the goods or services you paid for. Linking to a debit card or directly to your bank account does not give you that added protection.

If you’ve been a victim of a scam that used CashApp, you can report it to the BBB at BBB.org/ScamTracker.