Bitcoin Forum
November 19, 2018, 10:13:28 AM *
News: Latest Bitcoin Core release: 0.17.0 [Torrent].
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Square Cash App  (Read 101 times)
squatter
Hero Member
*****
Offline Offline

Activity: 952
Merit: 615


STOP SNITCHIN'


View Profile
November 20, 2017, 08:50:25 PM
 #1

Does anyone around here use the Square Cash App? If so, could you share your experience? I guess it's like Venmo/Paypal, except they recently started a pilot program to buy/sell bitcoins within their app:
Quote
Square announced it's piloting a program that would allow users to buy and sell bitcoin in its app. That could offer substantial revenue potential for Square, plus offer some much needed legitimacy for crypto assets.
https://www.thestreet.com/story/14396689/1/squares-bitcoin-play-could-offer-legitimacy-for-cryptocurrencies.html

Also, I'm curious if anyone knows the details regarding verification requirements?

It seems like originally, the service required users to set up a debit card / bank account. Since last year, you can keep a balance in your Cash App wallet instead of withdrawing directly to your bank.

Does anyone know if that means you don't need to set up any payment options (debit or credit card / bank account) at all? Can I just receive $$ to my Cash App wallet and pay it out to someone else? If so, I'm curious what the limits are before you need to verify identity. I can't find this information listed on their site like I can for Venmo...

1542622408
Hero Member
*
Offline Offline

Posts: 1542622408

View Profile Personal Message (Offline)

Ignore
1542622408
Reply with quote  #2

1542622408
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1542622408
Hero Member
*
Offline Offline

Posts: 1542622408

View Profile Personal Message (Offline)

Ignore
1542622408
Reply with quote  #2

1542622408
Report to moderator
krishnapramod
Legendary
*
Offline Offline

Activity: 1428
Merit: 1068


View Profile
November 21, 2017, 10:58:26 AM
 #2

I haven't used the Square Cash app, limited to US only, but there is information regarding verification and sending/receiving limits available on their website.

When you receive your first Square Cash payment, you’ll be asked to link a bank account or debit card, but guess no other verification.

If you want to keep some funds in your Cash app, you can cash out a custom amount or your can spend those funds right from your Cash prepaid card.

Square Cash personal accounts have sending and receiving limits.

Quote
When you send more than $250 in one week, we’ll automatically ask you to verify your name, date of birth, and the last 4 digits of your SSN to increase the sending limit to $2,500 (in most states).

When you receive more than $1000 in 30 days, we’ll ask you to verify your name, date of birth, and last 4 digits of your SSN to increase the receiving limit to amounts over $1000 per 30 days (in most states).

https://squareup.com/help/us/en/article/5505-send-and-request-money-with-square-cash

https://squareup.com/help/us/en/article/5588-supported-cards-with-square-cash

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!