Can You Use Prepaid Card On Cash App?
Cash App is a mobile payment service developed by Square, Inc. that allows users to transfer money to one another. It has become increasingly popular as a way to send money quickly and securely. One question often asked is whether or not one can use prepaid cards on Cash App.
How It Works
Cash App allows users to link a debit card, credit card, or bank account. When a transfer from one of these is made, it’s taken from the linked account and sent to the Cash App recipient. Prepaid cards differ from these traditional accounts, however, as they are specifically loaded with a set amount of money. This creates a few issues when using them with Cash App.
Reasons Why You Can’t Use a Prepaid Card with Cash App
- Cash App requires an authenticated bank account or debit card in order to comply with industry regulations.
- Prepaid cards do not support “push” transactions. This means that funds cannot be instantly transferred from the card to Cash App. Thus, prepaid cards are unable to be used for sending or receiving money.
- Finally, prepaid cards are usually not associated with an individual account. Therefore, they are unable to be authenticated by Cash App.
In short, prepaid cards are not able to be used with Cash App. The only options for sending money via Cash App are to use an authenticated debit card, credit card, or bank account.