How Does The Cash App Make Money?

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The Cash App is a peer-to-peer payment application that enables people to send money to each other at no cost.

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Now one of America’s most popular P2P payment apps, the Cash App was launched in 2013 by Block Inc., formerly known as Square.

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But how does the Cash App, which generated $12.32 billion in revenue during 2021, actually make money? IMAGE VIA UNSPLASH Full Article

Businesses can get paid for goods and services using their own $Cashtag. The merchant pays a flat 2.5 percent fee whenever accepting a payment.

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Payment For Order Flow

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While stock trading is free thanks to the payment for order flow mechanism, users pay a fee whenever they buy or sell Bitcoin.

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You can speed up deposits, which normally take 2 days, by paying a fee of 0.5 – 1.75 percent. The fee depends on the amount of money deposited.

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Interchange Fees

The Cash App-branded debit card imposes a fee on merchants whenever you pay for goods and services. IMAGE VIA UNSPLASH Full Article

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