As the world moves towards digital transactions and cashless systems, Cash App has become a popular payment method for many people. What most people may not realize is that they can also make some quick and easy money on the platform. In this article, we will explore some of the ways you can make money on Cash App.
1. Sign Up Referral Bonus
Cash App offers a referral program where you can earn $5 for every friend you refer who signs up using your referral link/code. Once they sign up and complete a transaction of at least $5, both you and your friend will receive the bonus amount. You can share your referral link on your social media platforms or email it to your friends and family.
2. Cash Boost
Cash Boost is a reward program where you get instant discounts on purchases made through the app. You can activate the boosts before making payments to eligible merchants. Some popular boosts include 10% off at Whole Foods Market or 15% off at Chipotle. When you use Cash Boost, you can save money while still making purchases just as you would do normally.
3. Sell Bitcoin
Cash App allows you to buy, sell, and store Bitcoin on the app. You can make some extra cash by selling your Bitcoin when the prices are high. You can also buy Bitcoin when the prices are low and sell it later when the prices go up. This method requires some knowledge of the cryptocurrency market and its volatility, and therefore, it’s essential to exercise caution and do your research.
4. Participate in Cash App Giveaways
Cash App occasionally hosts giveaways on its social media platforms such as Twitter and Instagram. To participate, you need to follow the official Cash App account and follow the instructions given. The prizes awarded can range from a few hundred dollars to several thousand dollars. While the chances of winning are slim, participating in the giveaways doesn’t require any effort, making it an easy way to potentially earn some money.
5. Cashback on Purchases
Cash App has partnered with several merchants, including Walmart, Target, and DoorDash, among others, to offer cashback rewards on purchases made through the app. You can earn up to 10% cashback on some purchases, which can add up significantly over time. When making a purchase through the app, you can check if that merchant has any cashback offers available.
6. Sell Products or Services
If you have a product or service that you would like to sell, Cash App has an option that allows you to accept payments from your customers. All you need to do is create a unique $Cashtag (similar to a username), and share it with your customers. They can then send payments directly to your Cash App balance. This feature makes it easy to receive payments from customers without the need for a physical store or a website.
7. Cash App Investing
Cash App offers a basic investing platform that allows you to buy and sell stocks commission-free. You can use this platform to invest in individual stocks or exchange-traded funds (ETFs). While investing carries some risks, it’s an excellent way to grow your money in the long run. By regularly investing small amounts of money, you can build long-term wealth.
In conclusion, these are just a few ways to make some quick and easy money on Cash App. Remember that some methods carry more risk than others, and it’s essential to exercise caution and do your research before investing your money. With the right strategy and a bit of luck, you can make some significant gains on the app.