The Fraud Codex

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Is Cash App a Scam?

cash.appLegitimate Business
Risk Assessment
20%Risk Score
Low Risk

Summary

Cash App is a legitimate mobile payment service owned by Block, Inc. (NYSE: SQ). It is one of the most popular P2P payment apps but users are heavily targeted by scammers.

Cash App itself is NOT a scam. However, users are HEAVILY targeted by scammers. Never send money to strangers. Ignore "Cash App flip" schemes - they're ALL scams.

Company Information

Parent Company
Block, Inc.
Founded
2013
Headquarters
San Francisco, CA
Stock
NYSE: SQ
Employees
12,000+ (Block)

Trust Indicators

Concerns

  • Heavily targeted by scammer impersonationhigh[source]
  • Limited fraud protection vs credit cardsmedium[source]
  • Class action lawsuits over fraud lossesmedium[source]
BBB Rating
NR
Trustpilot
1.2/5

💡 Recommendations

  • 1.Enable PIN/biometric lock
  • 2.Never send money to people you don't know
  • 3.Cash App will NEVER ask for your PIN
  • 4.Verify recipient before sending

📚 Sources

Block, Inc. Investor RelationsNYSE Stock InfoBlock SEC FilingsFTC P2P Scam AlertCash App LicensesTrustpilot Reviews
Last updated: 2026-01-22

Disclaimer: This analysis is for informational purposes only. Information may be incomplete, outdated, or inaccurate. Our assessments should not be the sole basis for financial, legal, or personal decisions. Always conduct your own research and due diligence.