If you’re reading this post, you’ve probably seen an ad or received a message about the Cash App $100 to $800 offer.
As I briefly explained in my post about Cash App flips, this is a scheme where someone claims they can take your $100 and turn it into $800.
A $700 profit? Sounds really great, huh?
Most of us could do a lot with some extra cash. I mean, we’ve all got bills to pay, groceries to buy, and well, everything is just so expensive nowadays. So, free Cash App money seems really appealing to many of us.
Sadly, there are a lot of Cash App scams out there, and it’s really important to be aware of them. Being careful on Cash App (review) and anywhere online really is so important for keeping your money safe.
In today’s post, I’ll cover what the Cash App $100 to $800 scheme is, how it works, and whether it’s actually legit (spoiler: it’s not). Oh, and I’ll also give you some legit ways to make money on Cash App because, as I said before, we could all do with a little extra cash, right?
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What will I learn?
What is Cash App and can you make money with it?
Cash App is a peer-to-peer (P2P) mobile payment service that’s owned by Block, Inc. (formerly Square Inc.)
Recently, mobile payment apps like Cash App, Venmo, and PayPal, have become incredibly popular.
And Cash App is one of the most popular P2P mobile payment services on the market, with nearly 30% of US P2P mobile payment users on the platform.
It’s not hard to see why the app is indeed so popular. Cash App offers a bunch of really useful features to consumers.
It allows you to send and receive money anytime, for free!
You can even invest in stocks and bitcoin on there! And you can do that for just $1. Other features include the ability to get your paycheck up to two days early and access to free ATM withdrawals (if you have at least $300 coming in each month).
With all of these great features available, it makes sense that Cash App is used by more than 40 million people.
Cash App offers a lot of great services, but many people wonder if there’s a way to make money there. Can you get free money on Cash App?
There are indeed ways to get free money on Cash App. Is the Cash App $100 to $800 scheme one of them though?
What is the Cash App $100 to $800 Scheme?
The $100 to $800 offer on Cash App is a type of Cash App flip scam where someone offers to turn a smaller amount of money into a larger sum.
In this case, you invest just $100, and you’ll get $800 back. This scheme may appear in the form of a post on social media or a direct message.
With this scheme, someone will ask you to join a “money circle” or a “blessing loom.”
They’ll claim that if you join the loop and bless someone with just $100 and repost the original message, then you’ll receive eight payments of $100 in return for a total of $800.
Other forms of the Cash App $100 to $800 scam
This scam actually has many forms. So, it’s not just the blessing loom version of the scam that you need to look out for.
For example, someone might claim to be able to invest your $100 and get you $800 back. All of these schemes are similar in that you’re having to put your own money on the line for the promise of a future payoff.
In another form of this scam, a person may say that there is a money glitch on the Cash App system, so you need to take advantage of the opportunity to get free cash before they fix the glitch on the app.
Is the Cash App $100 to $800 Scheme Legit?
Like all Cash App flips, the Cash App $100 to $800 scheme is a scam.
If anyone gets in touch with you to ask you for money with the promise of giving you more money back in the future, or you see a post on social media that claims to make $100 into $800, avoid it. It is not a legit offer.
Many people live paycheck to paycheck, so it’s easy to consider some of these offers, but they are scams.
These so called, blessing looms or money circles that promise to give you money if you join and invest are out to steal your money.
Not all “money circle” or “blessing loom” posts are actually from scammers
Confusingly enough, although these Cash App flip groups are scams, it’s not always scammers who post about them. Well-meaning friends and family members may actually repost details of these groups hoping to “bless” someone they know with cash and themselves in the future too.
Since they are basically a pyramid scheme, these groups always fail somewhere down the pyramid structure. That might just mean that you’re the one who loses out on $100, which is bad enough, or perhaps worse, you could be setting up your friends and family to lose their money if you join the circle and tell them to as well. No one wins here. $100 is a lot to lose for many people and it sucks that these scams are out there. Anyone can fall victim to these groups though, and will, with the best intentions, recommend these groups to others.
The problem with “blessing looms,” “money circles,” and other Cash App flip groups
These groups will not give you any cashback. Now, in general, these types of blessing looms and money circles wouldn’t work even if scammers weren’t behind them.
There aren’t enough people in these money circles for everyone to actually get $800.
Most people will pay money that they will never see again, let alone increase!
This is how pyramid schemes work.
For example, if 10 people join a Cash App $100 to $800 flipping group, and each one pays $100, that’s only $1,000 in the total pool. This means that only one person would actually be able to get paid the $800 and everyone else loses the money that they invested. The math just doesn’t add up here.
Pyramid schemes do not work. The thing with these so-called Cash App $100 to $800 schemes you see online is that they don’t even exist!
Scammers promote these Cash App flip groups on social media and steal $100 or even more than that from each person who joins. There is no actual circle or blessing room going on and it’s just a scam.
Like I said before, this scam can come in many forms – not just the blessing loom or money circle scam.
For example, the scammer might say that they will invest the money you send them in the stock market or some other venture, and you’ll get way more money back than you put in.
These scammers will even post images of fake messages or posts from people who pretend that these Cash App flips work. So, it can look pretty convincing.
Are all Cash App flips scams?
There are lots of Cash App flip promotions all over social media, and sometimes you even get a message with one of these offers.
Although this scam comes in many forms, the general premise is usually the same. You put in just a little cash and get far more in return.
Often, this is in the form of the “blessing loom” group where the scammer says that if you join the group and pay with Cash App, you will be next in line to collect your $800 within a few hours.
It sounds great, and like everyone wins, but no none does. Since it is basically a pyramid scheme, it doesn’t work. Only scammers profit from these types of schemes.
Sometimes the $100 to $800 scam will come in a different form as I said above, like for example someone may claim to have found a glitch in the app and if you give them $100 now, they’ll be able to get $800 back to you. But, you have to do it right now before the “glitch” is fixed. This is basically to get you to part with your money fast – you know before you have time to think it over and perhaps realize it’s not quite copacetic.
So, are all of these flips scams?
If anyone claims to offer you money if you give some of your money upfront, it’s usually a scam.
With some of these scams, the scammer may try to seem legit by sending you a small amount of money first. For example, they may ask you to send them $2 and then they’ll flip that money for you and send you $20 back.
This is to gain your trust.
The next time, the scammer will ask for a larger amount, so $100, and promise to get $800 back to you.
Because the scammer sent money back once, you might assume they will again. You may think, “Well, they’ve sent me $20, and I only had to invest $2 to get that,” and then be duped into a larger flip.
Basically, you won’t see that $100 you invested again, and the scammer just scammed you and anyone else participating in the group out of your hard-earned money. Once you have sent the cash, you won’t hear from the scammer again.
Overall, the Cash App $100 to $800 scheme is not a legit Cash App flip. It is a scam!
Don’t participate in the Cash App $100 to $800 scheme
You might think that investing $100 for the chance to get $800 isn’t such a bad thing. After all, it seems like a great deal.
Who wouldn’t want $700 to put into savings, to pay for car repairs, or just to ease financial stress? A lot of us live paycheck to paycheck and extra money is pretty much always welcome.
That’s why these groups can seem so appealing.
But, not only will you not get $800, you will lose the $100 that you invested in the group.
Now, to some people, $100 isn’t that much if they lose it in the end. So, maybe to you, it’s not a lot of money? For many people who fall for this scam though, they’re in a hard financial position and $100 is a lot of money to lose.
So, when you join these blessing loom groups, you not only put your own money at risk, but by joining and then promoting the group to people, you prey on people who are willing to give up what is, potentially, their last $100 for the hope of easing their financial hardship.
Of course, it’s not people’s intention to prey on others. Like I said earlier, well meaning people post about these money circles on social media hoping to get free money for themselves and for their friends and family members. You likely have good intentions, but these groups are scams. So, do not participate in the Cash App $100 to $800 scheme, and do not encourage your friends and family to join these groups either. Never send money to a stranger on Cash App.
There are legit ways you can get free Cash App money, and I will cover those below in the “Legit ways to get free Cash App money” section of the post. So, if you are interested in making money on Cash App and you do want legit tips to give your family or friends who’re also interested in making money, be sure to check out that section of the post.
How to Recognize & Avoid a Cash App Flip Scam
So, how do you recognize scams on Cash App?
Well, there are red flags to look out for and if you’re aware, then you can easily recognize them.
The biggest red flag is any post or message or other communication that claims you will make a TON of money – usually for little effort!
Sounds, good, right? Who wouldn’t want to make $100s for doing pretty much nothing?
Although we’d like it to be the case, that’s just not how the world works. There’s no such thing as a free lunch as they say. If it seems too good to be true, it usually is as they say. Etcetera, etcetera.
No one is going to give you and a bunch of other people online a TON of money just because.
If someone gets in touch with you to offer you money with little effort required, or you see a post on social media that claims to give you money back if you just sent a small amount first, it is a scam.
Here are a few tips you can use to make sure you avoid Cash App scams:
Don’t send money to someone claiming to offer more money at a future date
Although the Cash App $100 to $800 scam comes in a lot of forms, they all have one thing in common: You’re required to send $100 in order to get the $800 at a future date. That is a huge red flag. If anyone asks you to send them money with the promise of you getting more money back in the future, it is a scam, and you should avoid it.
You should never pay money in order to get money.
As soon as someone starts asking you for money, assume that it’s a scam, and end any correspondence with them, and do not respond to social media posts that claim to offer a $100 to $800 Cash app flip.
Only send money to people you know and trust
So, one of the best tips I have for you that you can use to stay safe on Cash App is to only send money to people that you know and trust, like your friends and family members.
So, basically, don’t send money to strangers.
Also be wary of posts from people you do know and trust
Do not send money as part of a group, like a blessing loom or money circle that claims to flip cash for a profit, even if the request to join the group comes from a family member or friend.
As I said earlier, even though these Cash App $100 to $800 groups are scams, not all money circle or blessing loom posts are actually from scammers. This means that you may see these schemes posted by friends and family members and think they must be legit. So, not sending money to strangers is a great starting point, but you have to be aware of posts from people you actually know as well, no matter how well-meaning they are.
Avoid social media accounts that talk about Cash App flips
Another tip is to not follow or engage with any social media accounts that talk about Cash App flipping or money hacks.
That way, you can avoid being scammed by these groups that claim to give you $800 if you just invest $100.
Legit Ways to Get Free Cash App Money
Now you know that the Cash App $100 to $800 flip is a scam, and how you can avoid it. So, you might want to know if there are any legit ways to make money on Cash App.
Fortunately, there are legitimate ways that you can get free money to your Cash App account. And, they don’t involve you having to pay out $100s to scammers!
These are just simple tips that anyone can use.
Now, the thing that lures people in with scams like the Cash App $100 to $800 scheme is the promise of easy money. What I mean by that is the money you get with little to no effort on your part. Like, send money to the group, and repost about the blessing loom, and you’ll get $800. Or, send $100 to some random person who claims they’ll invest it for you and get you $800 back in return. Whatever it is, these scams promise easy money.
Now, all of the legit ways to make money on Cash App require some effort on your part. To get free Cash App money you have to put in some time and effort. Now, I’m not saying a lot of time and effort here, just some!
Still though, these tips are really easy, and anyone can use them to get free money to their Cash App account.
1. Refer a Friend
You can earn money on Cash App by referring friends.
When a friend uses your invite code to send $5 or more from a newly created Cash App account, you can earn a bonus.
To get this bonus, you’ll need to ensure that your friend:
- Enters the invite code when they sign up.
- Links a new debit card or bank account to their Cash App account. People under 18 can activate a Cash Card instead.
- Sends $5 within 14 days of entering the invite code
You can tap the profile icon on your home screen to see your invitation bonus amount.
Getting a referral bonus is such an easy way to get free money on Cash App. Sure, it’s not $100s, but it’s still free money and you can maximize your earnings by referring a few different people.
2. Complete fun tasks like playing games and watching videos on Swagbucks
If you’re wanting to get free money on Cash App, then I would highly recommend doing some tasks on Swagbucks. Swagbucks is a totally legit rewards website that will pay you just for doing easy, and often fun, tasks online.
With Swagbucks, you can get paid to do tasks like:
- Watching videos
- Shopping online
- Browsing the internet
- Completing offers
- Taking surveys
- Reading paid emails
- Playing games
For doing these tasks, Swagbucks will reward you with points called “Swag Bucks” (SB). You can redeem your points for lots of different rewards including money to your PayPal account.
Yes, you can actually get free PayPal cash from the platform.
Unfortunately, there is no way to directly transfer money from PayPal to Cash App, but there’s a workaround.
Simply follow these 5 easy steps:
- Step One: Do fun and easy tasks on Swagbucks and earn points you can redeem for money to your PayPal account.
- Step Two: Transfer your earnings to your PayPal account.
- Step Three: Link the same bank account that you have linked to your Cash App account to your PayPal account.
- Step Four: Transfer your free cash from PayPal into your bank account.
- Step Five: Add the free cash you earned on Swagbucks that’s now in your linked bank account to your Cash App account.
Just for doing fun tasks on Swagbucks, you can earn free money in your Cash App account. This is basically a legit Cash App flip where you essentially flip the time you spend watching videos and doing other fun tasks on Swagbucks for Cash App money.
Use the link in the section heading to earn $5 just for signing up!
3. Enter Cash App’s sweepstakes
Another legit way to get free Cash App money is to enter the company’s sweepstakes.
Cash App often runs sweepstakes that you can enter to win free money.
In its sweepstakes, the company often gives away $100s in free cash that’s deposited right into your Cash App account and sometimes even bitcoin.
For example, in 2020, Cash App had a Super Cash App Friday sweepstake, where residents of the United States could enter for the chance to win cash. In this sweepstakes, 10 people could win a prize of $500 each, 20 people could win a prize of $250 each, and 100 people could win a prize of $100 each. So, you could win $100s in free money!
Now, it’s important to note that while Cash App does provide legit giveaways, there are scammers that take advantage of these giveaways in an attempt to scam users out of their money.
Scammers get in touch with victims to tell them they’ve won money, but that they have to pay a fee to get their prize. So, you need to be careful with giveaways and look out for scams.
Only enter sweepstakes from the company’s official Twitter account and/or Instagram account. Both are blue tick accounts.
It’s definitely worth following Cash App on social media and entering these sweepstakes.
4. Invest in stocks
If you are looking for a legit way to turn a smaller amount of cash into a larger sum, then try investing in stocks. You can actually do this on Cash App. You can invest in stocks with Cash App Investing.
Cash App Investing accounts are self-directed individual brokerage accounts.
You can purchase as little or as much stock as you want to, and you can invest with only $1.
Cash App Investing accounts are free to open, and you aren’t charged any commission fees when you buy or sell stock.
Just make your first stock purchase using Cash App Investing to open an account.
Cash App Investing is available to U.S. residents only. To open an account, you must be at least 18 years old and be able to provide the following:
- Full name
- Date of birth
- Social Security number
- S. residential address
- Employment status and name of employer
Cash App Investing is required to collect this information in order to verify your identity and comply with applicable regulations.
Investing in stocks can be a good way to grow your money. However, investing is a risk. Stocks aren’t guaranteed to make you money, so you could lose the money that you invest. Stocks can, of course, be profitable, if you can buy low and sell higher. Just be careful not to invest more money than you can afford to lose.
How to buy stocks on Cash App Investing
Here’s how you can buy stock using Cash App Investing:
- On your Cash App home screen, tap the Investing tab.
- Tap the search bar and enter a company name or ticker symbol.
- Select the company whose stock you want to purchase.
- Press Buy.
- Choose a preset amount or tap … to enter a custom amount.
- Follow the prompts to verify your personal information.
- Confirm with your PIN or Touch ID.
You can purchase stock using the funds in your Cash App balance.
However, if you don’t have enough funds available, the remaining amount will be debited from your linked debit card. After your order is filled, you’ll be able to view your investment. Simply tap the Investing tab on your Cash App home screen and scroll down to My Portfolio.
How to sell stock on Cash App Investing
Here’s how you can sell stock on Cash App investing:
- Tap the Investing tab on your Cash App home screen.
- Scroll down to Stocks Owned.
- Select the company whose stock you want to sell.
- Press Sell.
- Select a preset amount or tap … to enter a custom amount.
- Confirm with your PIN or Touch ID.
The amount of your sale can be automatically deposited in your Cash App balance. However, depending on market activity, it might take up to 2 business days for the sales proceeds to be deposited in your Cash App balance.
5. Take surveys
Another really easy way to that can get free money on Cash App is to take surveys.
What’s great about surveys is that anyone can get started with them, and you can do them right from your phone or computer. It really is such an easy way of earning extra money, which we could all do with, right?
Here are some survey sites you can use to earn free money for your Cash App account:
On survey websites, you get paid to give your opinion. These sites pay you to your PayPal account, and some pay you directly to your bank account.
Unfortunately, there are no paid survey sites that pay you directly to your Cash App account. Don’t worry though, there are still survey sites you can use to get free money to your Cash App account. It just requires a bit of finagling!
As I said, some sites pay by direct bank transfer. So, you can move the money right from your bank account to your Cash App balance.
Other survey sites pay you by PayPal. A lot of survey sites pay you by PayPal in fact.
If the survey site pays you to your PayPal account, then follow these steps to get the money to your Cash App account.
- Use one of the survey sites below. Sign up and start taking surveys.
- Transfer the money you earn by taking surveys to your PayPal account.
- Link the same bank account that you have linked to your Cash App account to your PayPal account.
- Transfer the free money from your PayPal account into your bank account.
- Add the free cash that’s now in your linked bank account to your Cash App account.
Cash App $100 to $800 is NOT Legit!
If you see a post on social media or get a message about the Cash App $100 to $800 scheme, then please do avoid it.
These things sound like they could be legit – after all you just join the “blessing loom” or “money circle,” deposit $100, and you’ll get $800 back if you repost about the group. It sounds so simple. But, it’s a pyramid scheme where only the scammers are going to see financial gain.
Other times you may see a post or a message from someone who claims to have found a “glitch” in the app and they can get you $800 if you just send them $100. Or it could be a post that says, you can earn $800 from investments, and this person is going to invest the $100 for you.
Whatever form this scam comes in, cash app flips are always scams. There are legit ways to make money on Cash App, as I mentioned above, but the Cash App $100 to $800 offer is not one of them, so please avoid this one and keep your money safe.
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