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Have you ever scratched your mind wondering- can someone send and receive money through Cash App without an SSN? If yes, look no further as I am going to shed light on this topic.
We all know that Square Cash App enables its users to send, receive, and request money with ease of mind. That has become possible as Square payment supports almost all the banks available in the USA as well as credit cards (Visa & MasterCard).
Just to inform you that debit or credit card details are not the only thing that Square payment app demands. Many of you already know that at the time of sign up for Cash App, users are prompted to enter their SSNs to complete the signup procedure.
But, a million dollar-questions is- Can I use a Cash App without a Social Security Number? To help you understand it, I am going to answer why Cash App asks for your Social Security Number. So, here we go:
Cash App by Square which is a free payment app can be downloaded with ease of mind from Google Play Store and App Store. Also, the process of account set up and sign up is quite simple. If you ever have set up your account on Cash App. You might have asked to enter your Social Security Number (last four digits). Do you know why? Just to make sure the safety and security of its platform.
The second reason is to ensure no one can misuse the features of Bitcoin & Stock trading. Also, be informed that Cash App helps users to pay taxes that use its services for business. With the help of SSN, offering many advanced services like direct deposit, debit card service, and Bitcoin trading have become possible.
Read More: How to Increase Cash App Limit?
Can I use a Cash App without a SSN?
I have got good news for those people who want to use the Square app, but don't want to share their SSNs. If you are also one of them, you will be glad to know that you can send and receive money in a limited way. But, it is not recommendable if you want to draw the maximum advantages from Cash App.
Using a Cash App without SSN means that you can send money up to $250 in a week. And the receiving limit is up to $1000 in a month. Second disadvantage is that features like Bitcoin withdrawal and Cash App direct deposit are not available for unverified customers. Just to inform you those users who don't share their SSN on their Square Cash App, they are called unverified Cash App users.
What are the benefits of using a Cash App with an SSN?
There are many cool benefits of being a verified user on the Square payment app. The best part of being a registered user is that you can receive unlimited money from your contact. Also, you can send up to $7500 in a week. That's not all, you also can buy and sell BTC as well as Stocks. Plus, you can enable Cash App direct deposit and get paid through your stimulus and salary paychecks directly to your wallet.
Also Read: How to enable Cash App direct deposit?
That's all for now! In short, using a Cash App without SSN is not beneficial for you. If you liked this post, be sure to share it with your contacts. On the other hand, you can contact us if you think I did not give an answer to your question.