Cash app scams can be considered as the crime of virtual reality. According to the FTC, more than 95,000 people in 2021 reported losing money to a scam that started with a message, post or ad on social media. The report just referred to social media. There are more types and ways that you could be a victim.
Before looking into the ways and possibilities of Cash App Scams, let us understand what these scams are.
What are Cash App Scams?
Cash app scams are one of the many types of internet frauds and are listed as cybercrime. These scams happen through applications that pretend to be genuine. Most of the time, they offer you a large amount of money, but you have to pay a small amount for processing. NO money is sent to you. Or fake payment messages/ emails is another way for fraudsters to trick people. This is not it, fake rewards, giveaways and lotteries on certain apps trick people effortlessly.
With the internet being available on every device, a virtual world has already been established. But the most astonishing fact is that people don’t want to come out of it. Especially after the pandemic, the interest has taken shape of trust. And here, the probability of getting scammed increases ever than before.
How to get money back on Cash App if scammed
The chances of you getting scammed are not limited to a certain category of apps. You could ever face a scam in payment apps as well. A cash app is a payment app. But is your money safe on Cash App or any other app? Or what can be done if you’ve faced a scam.
These are the steps to follow if you were scammed on Cash App Scam
Go through the terms and conditions of the company. If your transaction falls under the category of their refund policy, you can easily get a refund by requesting it.
There is less probability of you getting your money back from the company. Cash app is made for peer to peer payments, in which the app plays no role in the transactions and is not responsible for the same. But if you sent money to the wrong person, in that situation you could claim a refund from the recipient.
There are two situations where you could get a refund on Cash App
- If the recipient agrees to return the payment
- If you manage to cancel the payment
- If you get successful in disputing the payment with the help of customer support.
1. How to request a refund
You can ask the person you sent money, to follow the following steps
- Tap the activity tab on home screen of the app
- Select the payment
- Tap the three dot icon
- Select fund
- Press OK
2. How to dispute Cash App payment
Below are the steps to follow to dispute Cash App payment
- Tap the activity on Cash App home screen
- Select the transaction in question
- Tap three dot icon in top right corner
- Select Need Help & Cash App Support
- Tap Dispute this Transaction
After you file a dispute, the Cash App team will look into the matter and try to reach the recipient. The Team will keep you updated about the process via email.
A final note:
Cash App doesn’t take responsibility for any payment. Unfortunately, there is no guarantee of your request getting successful. Therefore, it is very important to check the details of your payment before you send it. In case you get scammed, you can raise a dispute in some situations. But the final decision is always taken by the company.
How can Cash App Scams be avoided
Ever since people have started making online payments, there is an immense rise in cash app scams.
Here are some tips for prevention of scams
1. Do not share your personal information with anyone
Sharing personal information can become a root cause of a lot of problems. This information can be used against you. So we recommend not to share your personal information with anyone at any given time.
2. Avoid direct messaging with strangers
The scammers get in touch with you initially and then convince you to share your information or claim the prize money which has been set for you.
3. Don’t click on suspicious links
The email scam is one of the common scams. The emails regarding you winning a prize are sent. Once you open the mail, a link is shown where they want you to click. Don’t click on any links until you are sure about it.
4. Purchase from reputed companies/businesses
Buying stuff online is the new way to shop. It has become an addiction too. And scammers haven’t left this sector of the virtual world. There is a possibility of you getting tricked here as the tricksters pretend to be some business.
If It’s Too Good To Be True, It Probably Is
Always keep in mind that if something seems too good, it probably is not. Take everything with the pinch of salt and don’t take any action without thinking twice. Especially when it comes to these scams, people get tricked because of greed. What is better than free money, after all. But make it a point to observe that all that glitters is not gold.
