19 Nov 2020
If you notice the huge list of peer to peer cash money transfers platforms. Cash App stands out from all of them for various reasons. Either you want to send money or have a payment pending for you. Few steps and a simple click would do the trick for you. Besides, you want to make quick payment for dinner, or have to pay for your purchase at super market. The cash app would be your go to app for many needs. But, a question that frequently comes into the user’s mind is what countries support cash App?
Cash App help page has the detailed information to this question. They clearly states about the availability of the cash app in particular regions.
The service is available in United States and United Kingdom for time being. Moreover, as per the cash app help page,
“You have the facility to send or request Cash App payments with friends located in the UK. In case you send a payment outside the US, Cash App will convert the payment from USD to GBP based on the mid-market exchange rate. It depends on the rate at the time, user initiates the payment and your recipient will receive the funds in GBP. However, there are no fees to send or request payments with friends in the UK.”
Besides, there are many limits for the cash app transaction. A user should know about all of them to get the best services from cash account
If you wish to give a payback meal, send a small part to a friend or send an instant birthday present, sending and receiving money through the Cash App is as simple as A, B, C. Accessible online and with a cell phone app, using the Cash App is very handy. Apart from the limits, using the Cash App makes it even simpler, since you don't have to cart cash around.
However, Cash App has a maximum limit of $250 within any 7-day period. It means, a user can send this amount in 7 days. But in case you want to expand the limit, you have to verify your identity.
You will increase your Cash App by verifying your identity. The platform demands that you have your personal information, including your full name, date of birth, and the last four digits of your Social Security number. In addition, the platform can ask you to provide more details if you are unable to verify your identity.
The essence of checking your identity is to improve your limits, but it is also important to improve the integrity of your account. If you would be able to verify your account, your sending limits will increase to $2,500 within any 7-day period.
When it comes to collecting Cash App caps, the app helps you to receive up to $1000 in every 30-day period. And this is the unverified case of cash app users. If you can verify the identity, the receive cap is much higher than the send limit.
Unfortunately, the app does not explicitly set the receiving limits for verified account. However, it is quite possible that the receiving cap is $2,500. The platform has not clearly notified about the same though.
However, this is a very low amount but when it comes to the daily needs. It seems enough to cover the normal expenses.