How To Make Money On Cash App?

By Jinsen John | Last Updated on May 19th, 2023 1:21 pm | 2-min read

If you’re in the US, you might have heard about the Cash App. It’s a popular online payment app that allows users to send and receive money quickly and easily. The app reached 44 million users in 2021 and is expected to grow further in 2023. While this is still lower than other payment apps like PayPal or Venmo it still is a great milestone for the app.

The platform has immense potential and has been growing steadily over the years. If you’re an active user of the Cash App, you’ll be glad to know that there are many ways you can make money from Cash App. Another way of doing that is to create an app like Cash App with Appy Pie’s no-code app builder and facilitate online payments and transactions.

How to earn money on Cash App?

With its simple, user-friendly interface, Cash App is quickly becoming one of the most popular ways to pay for goods and services. But did you know that it is quite easy to make money on the Cash App?

Yes, it’s true! You can use the Cash App to make extra money by taking advantage of its various features. In this blog, we’ll take a look at some of the different ways you can make money on the Cash App.

1. Sign-up bonus

   If you sign up on the Cash App after receiving a referral from a friend or family member, you can earn a $5 bonus. All that you need to do is to enter the referral code you received, in order to get the cash bonus. Moreover, you’ll also have to link your debit card to your account and complete a transaction of $5 or more within the first two weeks of signing up on the Cash App.

2. Refer friends

   You can also earn by referring other people to join the Cash App. You can earn a cash bonus for every new user that joins using your referral code, links their debit card, and makes a transaction of at least $5 within the first two weeks of joining. To get started, you can tap on the profile icon from the app’s home screen and then tap on the “Invite Friends” option.

   Here are three ways you can refer friends and family to Cash App:

   • Share an invite through your contact list.
   • Enter your contact’s phone number, and send them a text with the invite, through the app.
   • Enter your contact’s email address so the Cash App can share an invite via email.

3. Earn with Cash Card Boosts

   Perhaps the best way to save and earn money on Cash App is to obtain Cash App’s free Visa debit card – Cash Card. This way you can easily activate Boosts from the app and get massive discounts with retailers, merchants, and many more. While you can only activate one Boost at a time, you can easily change Boosts anytime you want.

4. Participate in Sweepstakes and Giveaways

   Occasionally, Cash App hosts social media events and competitions, including sweepstakes and giveaways. Furthermore, if you have a decent social media presence and following, you can use your $cashtag while making a post, which could bring you some revenue over time.

5. Earn with Bitcoin Boosts

   Another excellent way of earning money on Cash App is to activate a Bitcoin Boost and make a qualifying purchase through your Cash Card. Here you’ll earn bonuses in Bitcoin, which can later be converted into cash by selling.

6. Utilize ATM Fees Waivers

   Usually, you’re charged a $2.50 fee for every ATM withdrawal you make with Cash App. However, if you receive direct deposits to your account worth $300, you can make unlimited free withdrawals from all network ATMs, as well as one free withdrawal from a non-network ATM every 31 days. This way, even if you make a withdrawal once a week, you save $10 each month.

7. Invest with Cash App

   If you have experience with investments, you can start investing in fractional stock shares on the Cash App. This is a smart way to earn because you do not have to pay commissions while investing on the Cash App. On the app, you can regularly check your investment portfolio and track stock prices, which makes it a convenient investment platform.

Summing Up

As you can see, there are plenty of ways to make money on the Cash App. With its simple, user-friendly interface, it’s quickly becoming one of the most popular ways to pay for goods and services as well as make extra income. So if you’re looking for an easy way to make some extra cash, give the Cash App a try!

Furthermore, you can always use Appy Pie’s no-code app maker and create your own payment apps like PayPal in minutes to support online payments and transactions anywhere and anytime. The best part is you do not need to have any coding experience or technical knowledge. All you need is a unique payment app idea and Appy Pie would do the rest.