Cash App is a handy way to give out money to teens and adults alike. But, minors aren’t allowed to use it. While you can give them your credit card, you can’t withdraw or transfer money to other users. They can also’t send and receive peer-to-peer payments. You should ensure that the person you’re giving the money to is of legal age to use Cash App.
If you’re a parent, it’s best to explain how Cash App is different than Venmo, which is only available to people 18 and older. Even though Cash App will let teens use it, you should make sure that you give them permission first. Otherwise, they won’t be able to use all of the features. They won’t be able to invest, use Bitcoin, or deposit checks.
One solution is to get them a Cash Card. It limits their access to ten dollars, so you can rest assured that they won’t go over their limit. And, you can always add more money on the card for them. However, you should be prepared for a potential clash between your child and the cashier if your child uses Cash App without your consent. In some cases, the cashier will ask for their ID in order to verify the account, which could be considered fraudulent.
Learn More Here:
1.) Cash App Website
4.) Cash App for IOS
