Have you ever seen such ads on social media platforms claiming to double or triple your money on Cash App? Have you ever got intimidated by the screenshots of those money flips? But what if I say that most Cash App flips are actually scams?
From $10-to-$100 to $75-to-$750, there are several such money-flipping schemes that exist in the scamming world that revolves around Cash App.
And those scammers exploit the vulnerability of the user to scam money. However, there are ways to identify these scams and also to keep yourself safe.
So, our team of experts delved deep into this industry to know how you can rightly identify these money-flipping scams. But before we reveal those, let’s first understand what this scam is all about!
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What Are Cash App Flips?
Cash App flip scams are not just painstaking for the users but also equally harmful for the company, as it constantly loses its reputation because of these scams.
First, the scammer post on social media about doubling or tripling your money within just a few hours. They can send you a direct message on your Cash App account as well.
Those scammers will convince you to send a small amount to their account. And in return, you suppose to get a higher return that they call “flip.”
They typically start with a small amount and tell you that those small amounts are for the taxes and transaction fees. These scammers will also send you back a small amount.
But, when you become convinced and send them a higher amount, these scammers will block you right away. You can also find some crazy screenshots, which are obviously fake too. However, if you need to make money genuinely from this app, there are several Cash App games that you must try this year.
What Is The Cash App Money Flipping Scam?
Scammers on Cash App will start by telling you that they have special software that can effectively exploit a glitch on the Cash App server to get a much higher return on investment.
They can also show you some fake screenshots of their previous transactions. The most common scam on Cash App is the “$100 to $800” scheme.
In this scam, scammers will tell you to send $3 first as a transaction fee. And once you send the money, they will instantly give you back $30 on your $Cashtag to win your trust. Then they will tell you to send $100 to get $800 in return.
When, while trusting them, you transact the money to the scammer’s account, they will instantly block you. And trust me, you can’t even trace them again once they get the money and block your account on Cash App and other social media platforms.
How Does Cash App Flip Scam Works?
Although the scam market surrounding the Cash App is huge, most scams are quite similar on this platform. And most of the Cash App flips look like the way we have mentioned below.
- Step 1: Scammers either post on social media or can also directly message you on your social media handles or Cash App account, telling their stories about flipping money.
- Step 2: Once they find any vulnerable users, they influence them on this flipping scheme.
- Step 3: Scammers then tell the user to send a small fee ($3 or $5) to get a higher return.
- Step 4: Once any user sends the amount, those scammers will instantly give a better return (up to 10X) to their $Cashtag to win the trust.
- Step 5: Now, once you are convinced about their legitimacy, you send a higher amount of money to their account and wish to get a higher return.
- Step 6: Finally, scammers will block you from Cash App and all your social media handles.
Note: There is no way to flip money on Cash App, as there is no such scheme or glitch available on the system. However, you can claim some free cash legally by using the Cash App free money codes.
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What Are The Common Hashtags Used By Cash App Flipping Scammers?
Most scammers start from social media handles, such as Twitter, Facebook, or Instagram, to perform the Cash App money flip scam.
They design their ads like a sweepstake or giveaway and will claim to give you a higher return. And to lure potential victims, those scammers use hashtags commonly used by Cash App.
#CashAppFriday, #CashAppWednesday, #SuperCashAppFriday, and #CashAppGiveaway are the four most commonly used hashtags by scammers.
These hashtags are also used by Cash App, too, to market their genuine campaigns. And that’s where the real confusion starts, as many people believe the scammers as insiders of the company.
How To Identify A Cash App Flipping Scam? – 7 Pro Tips
Scammers are extremely intelligent, no doubt about it. However, they all act quite similarly, and you can easily spot them by noticing some of their common traits. So, we have found seven such red flags to help you identify a Cash App scammer, which are as follows.
Tip 1 – Scammers Pitch A Scheme That Is Too Good To Be True: Most scammers will start by doubling, tripling, or even 10x your money to lure potential victims. They will use some common words like guaranteed return, high return, no risk, and many more. But when it is too good to be true, it definitely is!
Tip 2 – The High-Pressure Tactics: Scammers will constantly create psychological pressure while saying this deal will be gone if you don’t deposit right now. They can also tell you that a limited number of flipping seats are available.
Tip 3 – The Social Media Filter: If you see any such ads or posts that claim to double or triple your money, it is surely a red flag. You can only believe such campaigns if it comes from the official social media handles of Cash App.
Tip 4 – Fake Screenshot Technique: From testimonials of previous users or money receipts, scammers can show you many screenshots to win your trust. But all those screenshots are actually fake.
Tip 5 – Fake Identity: Scammer will open a fake profile resembling someone close to you, like a friend or old colleague. And then they will contact you and ask for monetary help. Don’t fall for that! Look for the profile and $Cashtag closely to reveal their real identities.
Tip 6 – Initial Payment: If you send them $3 or $5, it is most likely that you’ll get $30 or $50 in return, as scammers usually do this to win your trust. But don’t proceed further with a larger amount.
Tip 7 – The (In)famous Phishing Scam: Scammers will pretend to be a guy from the Cash App company itself. Or they can open a fake account that looks similar to the original account. So, you should only trust a mail or link if it comes from @cash.app, @square.com, @squareup.com, or [email protected] accounts.
Note: It is better to get a prepaid VISA debit card for free from Cash App to keep your transaction secure. And here are some cool Cash App card designs to try while customizing your debit card.
How To Report A Scammer In Cash App?
Get that fact first; you are unlikely to get back your money once you fall for any Cash App flips.
However, you can report or block that specific profile to safeguard your own account from any future threats. And you can do it in a few simple steps that are as follows.
- Step 1: Launch Cash App on your smartphone and log in to your account.
- Step 2: Go to your recent transactions and navigate to the particular scam transaction.
- Step 3: Now, tap on the customer’s avatar to open the full profile.
- Step 4: On that new page, scroll down to the bottom and tap on either the “Report” or “Block” profile.
- Step 5: Follow the on-screen instruction to block that particular profile.
If you can’t find the scammer’s profile on your recent transaction, you can also search for a specific profile on Cash App through their name, phone number, email ID, and even $Cashtag.
How To Raise A Payment Dispute On Cash App?
After blocking the scammer’s profile and reporting it to Cash App authorities, the next step you need to execute is raising a payment dispute.
Although it is most likely that you won’t get the money back, you can let the company know about the scammer so that they can take the necessary steps.
- Step 1: Launch Cash App on your smartphone and log in to your account using your credentials.
- Step 2: Once you enter your profile, tap on your profile icon located at the top-right corner of the app.
- Step 3: After a new menu appears, tap on the “Support” button.
- Step 4: Once you get another menu, tap on the “Report A Payment Issue” option.
- Step 5: Now, tap on the transaction for which you want to raise a payment dispute.
- Step 6: Follow the on-screen instructions to submit your dispute.
Although Cash App is surely one of the highest paying apps, the customer support service is quite slow. And you are most likely to get a reply to your payment dispute after a week or so. So, keep patience!
5 Legit Money Flips Using Cash App
There are many Cash App flips right now circulating on the internet. Needless to say, all those flips are actually scams.
However, there are five genuine models available on Cash App where you can make money legally.
1. Flip $5 Into $10
The $5-to-$10 money flip on Cash App is probably the only legit flip on this app that you can legally try. This app offers a fixed $5 signup bonus once you register for the first time.
However, you need to link a debit card and complete at least $5 worth of transactions to get that signup bonus.
So, you can work with your friends to benefit from this scheme. Start by opening an account and sending a friend $5. You will get a $5 signup bonus from the company.
And then, ask your friend to give you back the $5 you have already sent. But yes, you need to perform this trick within 14 days of opening your account.
2. Flip $5 Into $30
Not many people know that Cash App is not just a great app to transfer money but also to make money by referring friends.
At times, Cash App offers a referral commission of $30 once anyone joins this app through your unique referral code or link. However, your referral must link a debit card and complete at least $5 worth of transactions within 14 days of opening an account.
You can start by sending any of your friends or family member $5. And then, ask them to send you back that $5 within 14 days of opening their account on the Cash app to activate all the bonuses. And once they complete the transaction, you’ll get your $30/referral commission.
3. Flip Stocks And ETFs
Flipping stocks, dividends, and ETFs are possibly the only legit Cash App flips you can perform legally. And you may not know, but you can make money from dividends just by using this amazing app.
You can now also set up recurring deposits on your stock investments. And by doing that, you can start growing your money automatically.
You can find several stocks of global megabrands on this platform, such as Apple, Amazon, Shopify, and Square. And most of these stocks are likely to give you 8% to 10% yearly profit, although it depends on several factors. However, you need to pay a small transaction fee to trade stocks.
Recommended: 22 Fastest Ways To Double Your Invested Money In 2023.
4. Flip Cryptocurrencies
Like stocks, you can now also invest in various cryptocurrencies using your Cash App account. You can also set up recurring deposits on your crypto wallet to buy and sell bitcoins automatically.
You can also use the automation feature of this app to maximize your profit. However, you need to first set up a crypto wallet and invest at least $10 in it to unlock the automation feature.
And like stocks, you also need to pay a small handling fee to trade cryptocurrencies. However, on average, these coins are likely to give you around 15% to 20% profit.
5. Flip Items On Cash App
Not many people know that you can now make extra money by flipping real items on Cash App. However, there is no direct selling facility available on this app, and you need to take a different route.
You can start by posting ads for the items you don’t need anymore on social media platforms. And once you get any potential buyers, you can ask them to pay you on your Cash App account.
You can also send them your referral link to get some referral commission as well. But don’t ship your item unless you get your money, as scammers are everywhere.
How To Keep Your Cash App Account Safe From Money Flipping Scam?
Yes, you can now safeguard yourself from Cash App flips by following some thumb rules. And here are the five best ways to keep your Cash App account safe from potential scammers.
- Only execute money transfers to people you already know and trust.
- Always double-check and verify the recipient before sending money to be confident that you are sending money to the right person.
- Never send any money to someone who is promising you a scheme that is too good to be true.
- Never ever disclose your real identity and other credentials, such as your phone number or bank account details.
- Always visit the Cash App profile of the recipient before sending any money to check whether the profile is real or fake.
Note: You also shouldn’t share your $Cashtag with everyone, as it is possible to know your information using your $Cashtag. Besides, you should also keep your phone number hidden on your Cash App account.
Is $750 Cash App Free Money From RewardZone USA Real?
The $750 Cash App bonus scheme launched by RewardZone USA is vaguely true, with a lot of red flags. And as I need money now, I also took a dig into this scheme by this company.
Get this fact first; the Better Business Bureau has already got close to a thousand complaints against this scheme.
However, RewardZone replied to each of those complaints, which is quite a surprise. But they mainly raise three points (red flags) to give a possible clarification of this scheme, which are as follows.
- Red Flag 1: You need to enter a lot of personal information, including your mail id, address, and banking details, to claim this reward. And you need to give correct info about all your personal information. Otherwise, they can cancel your participation.
- Red Flag 2: This company will ask for a copy of your valid driving license, although they claim to use it to verify your identity, age, and demographic profile (to know if you are really from the United States or not).
- Red Flag 3: You need to complete all the steps in exact order to claim this reward. And many of these steps also require you to complete some monetary transactions.
When I looked for any genuine users who have received this award already, I left with empty hands. Most screenshots of getting this award are fake, and so do the profiles from where these screenshots are uploaded.
Is There Any Money Glitch In Cash App?
No, there is no such money glitch exists on this app that can double your investment in no time, although you can get Cash App free money through several legit ways.
Many scammers can intimidate you by telling you to download a different version of Cash App or to complete specific tasks on your real Cash App account to get a cash reward.
Those scammers can also show you some screenshots, even some recorded videos. But trust me, all those screenshots and videos are fake. You can even see on those videos that their balances are steadily rising even when they are not doing anything on the app. And this is the biggest red flag ever!
They can also send the download link of any dummy app that looks like the real Cash App. So, you shouldn’t click on any suspicious link and must only download the official version of this app from Google Play Store or Apple App Store.
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What Is The Fake Cash App Payment Screenshot Generator?
Yes, there are several such fake payment screenshot generators exist that can easily create fake screenshots of you getting paid by Cash App. And most scammers executing various Cash App flips use these generators to create sake screenshots of getting paid.
These generators are so simple! You just need to enter your Cash App username and the amount you want to reflect on the screenshot. And then it can generate a screenshot of any amount you wish to. They can even generate a screenshot that shows pending payments.
Scammers will send you the screenshot so that you believe that your transaction is done from the scammer’s side but is pending. And in that way, they can make you trust them blindly. However, there are now many ways to make $50k fast this year legally that you can try.
How To Identify Fake Cash App Payment Screenshot?
If you ask me, is Cash App money flipping real? The answer is straightway NO!
And you can also identify these fake schemes by looking at the screenshots of the payment in detail. But if you have a keen eye, you can easily spot a fake screenshot.
- Minutely check all the image elements of a screenshot to know if those have the same clarity. If some elements are blurry and some are clear in a photo, that screenshot is surely fake.
- The shadows of all the image elements of a screenshot should go in a single direction. If some shadows are downwards and some are upward, it is probably a fake screenshot.
- Cash App only uses “#05C44F” as its brand color. If the green color or the screenshot doesn’t match this color code, that screenshot is surely fake.
- Cash App exclusively uses the “Sans Serif” font with rounded edges. If the screenshot has any font other than this one, it is surely fake.
- If you find different shades of the same color on the background, such as different shades of white, that screenshot is probably fake.
- Look for the spacing between two words and two image elements. If the gap between the two elements is inconsistent, it is probably a fake screenshot.
- If any of the elements of a screenshot look slightly deformed, such as a bit shifted or bent, it is surely a fake one.
Note: You can also trace a fake screenshot by looking at the quality of each image element. If the quality of two elements differs in the same screenshot, it is surely a fake one generated by those screenshot generators.
Recommended: 26 Ways to Make Money Without Paying Anything In 2023.
What Is Cash App Referral Scam?
Besides the infamous Cash App flips, you can also encounter referral scams on this app. And this scam involves an unknown person forcing you to sign up on Cash App while using their referral codes.
Scammers will start by saying you will get a $50 or more worth of joining bonus once you open an account through their referral links.
But Cash App never has given more than $15 in joining bonus, although the current scheme can only earn you $5. At times, this app also gives you up to $30 worth of joining bonus, although they announce it from their official social media handles.
So, if someone claims to get you $50 or more worth of joining bonus after using their referral code, it is surely a scamming attempt. Once you join through their link, they earn the commission and block you right away.
You must have already understood that almost all the Cash App flips are actually scams, where you can lose a lot of money if you act irresponsibly.
So, you must not reveal your identity or any banking detail. Besides, you should only transfer money to people that you already personally know. So, these are all that we need to say about these infamous Cash App money-flipping scams.
But, if you think we have missed any crucial points, or if you have something to tell us about this app, feel free to drop your suggestions and feedback in the comment box below!
How do Cash App flips work?
Scammers will start by placing ads for these pyramids or flipping schemes on social media platforms. And once you show any interest, they will directly message you and give you some screenshots.
They will even flip some small amounts to gain your trust. And once you send them a higher amount, they will block you.
Is there any legit Cash App money-flipping software available?
No, there is no such flipping software available that works with Cash App. If someone tells you to download any flipping software or any dummy app of Cash App, it is surely a malicious one.
And you shouldn’t install that suspicious software on your device. If you do so, you will create a vulnerability on your device that hackers can easily exploit.
What is the $100 to $800 money-flipping scam on Cash App?
The infamous “Money Circle” scam guarantees you to flip $100 worth of your investment for $800 worth of return within a few seconds.
Needless to say, it is a scam, and you’ll lose that $100 if you send it to any scammer. They will just collect your money and block you from everywhere.
How to contact the support team of Cash App after a possible scam?
Once you launch Cash App and log in with your credential, you need to start by tapping on the profile icon located at the top-right corner of the app.
After you get a new menu, tap on the “Support” button. From the new page, choose the right category of your complaint and follow the on-screen instructions.
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Hello there, I’m Siva Mahesh, an MBA Finance post-graduate and a Remote Career & Personal Finance blogger for 5+ years. Over the years, my work has been featured on US News, Entrepreneur, MSN, Yahoo Finance, GoBankingRates, EverQuote, Legal Zoom, The Simple Dollar, Databox, Business.com, Business News Daily, Venngage, Score.org, and more. My primary mission is to help our readers maximize their earning potential with legitimate online business ideas, side hustles, and passive income ideas we publish on Dreamshala. Currently, more than 100,000 readers from all around the world visit this blog every month and learn new ways to improve their finances.