Also, beware of any supposed Cash App giveaways (other than the official “Cash App Friday” posts). But any money you send goes straight to the scammer. Scammers post on social media and promise huge returns on cryptocurrencies or other investments - for a small initial investment via Cash App. “Cash flipping” scams that promise huge returns.Fraudsters pretend to be Cash App employees and then convince you to give up your password or download software that gives them remote access to your phone or computer. Fraudulent Cash App customer support websites and phone numbers.Here are just a few of the most common Cash App scams that you should be aware of: If you accidentally send money to a scammer or get tricked into giving up access to your Cash App account, it’s essentially like losing a wallet full of cash. This means that you don’t have access to any buyer protection programs. Unlike your bank account, money sent via Cash App (or other mobile payment apps such as Zelle and Venmo) isn’t FDIC insured. How Do Cash App Scams Work? Can You Get Your Money Back?Ĭash App offers a quick and convenient way to send and receive money.
Here’s what to do and how you can try to get your money back from a Cash App scammer. And if you’ve been scammed on Cash App, you need to act quickly. Within minutes, Sanders watched the scammer take over her family’s bank accounts and transfer out all of their savings as Bitcoin.Ĭash app scams like these are running rampant. The software she had downloaded had given the fraudster total control of her phone. Instead, she’d reached a scammer posing as a Cash App employee. Sanders wasn’t speaking to a real Cash App support representative. But that’s when her world turned upside down. When the person she was speaking with told her to download an app called AnyDesk to her phone, Sanders didn’t think twice. Jacqueline Sanders was in a hurry to activate her new Cash App debit card - so she Googled the phone number for Cash App customer support. Did You Get Scammed on Cash App? Don’t Panic! Do This
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