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  • Geebo 8:00 am on October 7, 2020 Permalink | Reply
    Tags: , , , , Square   

    Cash App continues to be connected with scammers 

    Cash App continues to be connected with scammers

    Mobile payment service Cash App can’t seem to keep itself out of the headlines lately and those headlines continue to be about scams. Cash App is supposed to allow quick mobile payments between friends or vendors but has allowed an industry of scammers to flourish.

    Cash App scams usually work in one of two ways. In the first way, a scammer will be claiming to provide some good or service if you just send them payment through Cash App. However, once the payment goes through the scammer can then block the victim on Cash App. The only way to get a refund on Cash App is if the person you sent the money to agrees to send it back. The scammers can then close out their Cash App account after cashing out.

    The first Cash App scam usually leads to the second one which is a customer service scam. Cash App has no customer service number where you can reach a representative to dispute any charges. In order to contact Cash App’s customer service, you need to navigate through a rash of menus within the app and even then you probably won’t reach a real person.

    So some people will do a web search for Cash App’s customer service number. Just because Cash App doesn’t have one doesn’t mean that a Google search won’t bring one up. The thing is that these phone numbers belong to scammers and not Cash App. Just about anyone can take out a search engine ad claiming to be a customer service number. Once you call one of these phony customer service numbers, the scammers will lead you through a process that will drain your Cash App account of your money.

    Now, these customer service scammers aren’t even waiting for victims to call their fake customer service numbers. One victim says that she received an email that appeared to be from Cash App stating that $500 was about to be taken from her account if she didn’t call the attached number. The victim called the number and ended up losing $1600 to the scammers.

    To better protect its users maybe it would benefit Cash App if they set up an official customer service phone line that was easily accessible from the app.

     
  • Geebo 8:00 am on October 25, 2019 Permalink | Reply
    Tags: , , , Square   

    Cash flipping isn’t a real thing 

    Cash flipping isn't a real thing

    If you’ve never heard of the company Square, they are innovators in the mobile payment space. Before Square, if a merchant wanted to be able to accept debit and credit card payments they needed an expensive and complicated system to do so. Now, thanks to Square, all a merchant may need is a tablet with Square’s dongle attached to it to process debit and credit card payments. Square also has a service for consumers called the Cash App. It’s a mobile payment system that is in the same vein as Venmo. And of course, when there’s a tool for money to change hands there are people looking to get their hands on that money.

    The Cash App has giveaways on Fridays that they call #CashAppFridays. If you follow that hashtag on Twitter or Instagram you could be eligible for a cash prize from Cash. This has spawned several Cash App imitators hijacking the hashtag claiming that they can give you money if you just pay them a little bit of money in a practice known as cash flipping. For example, these imitators will say they work for Cash App and can get you $500 if you give them $50. Other Cash App imitators will try to direct you to a phony website that looks like it’s run by Cash App but in reality, they’re just trying to get your Cash App login credentials in a phishing attempt.

    This brings two adages to mind, ‘if it’s too good to be true it probably is’ and ‘there’s no such thing as a free lunch’. No one is going to give you more money if you pay them money for this scam. They’re simply going to bait their victims into sending a large amount of money before disappearing. You wouldn’t hand money to a stranger on the street who said they’ll give you $500 if you give them $50, so why give it to some stranger on the internet? These apps should only be used for exchanging money between friends and family. If a random stranger online is asking you for money through these apps, it’s almost guaranteed to be a scam.

     
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