Cash App has exploded in popularity, with over 50 million active users. And while its main purpose is sending and receiving money, there are also legitimate ways you can earn money directly through the app.
In this comprehensive guide as a fintech expert, I‘ll walk you through 12 proven methods for making extra cash on Cash App, some requiring more effort than others. Follow along to start earning!
Cash App User Growth and Projections
First, let‘s examine some key statistics on Cash App adoption:
- Cash App has grown from 5 million users in January 2018 to over 50 million as of January 2023, representing 750% user growth in 5 years.
- At the start of 2021, Cash App had 36 million users, indicating further growth of 40% in just the last 2 years.
- Cash App processed $160 billion in payments in 2021. This jumped to $250 billion in payments processed in 2022, a 56% year-over-year increase.
- Demographic data shows Cash App‘s core user base consists of 63% between ages 18-39.
Industry projections expect global growth in digital payments to continue at a 12% CAGR through 2028. This suggests ample runway for Cash App to further expand its user base in both US and international markets.
As Cash App adoption widens, so too do opportunities to earn money through the platform. Next we‘ll break down key methods available right now.
1. Get $5 Just for Signing Up
The easiest $5 you‘ll ever make! When you download Cash App and register using your email or phone number, you get an automatic $5 bonus.
To qualify, simply:
- Provide basic personal information
- Verify your identity
- Send $5 or more to another Cash App user within 14 days
Once complete, you‘ll receive your $5 reward instantly. It only takes a couple minutes, so there‘s no excuse not to take advantage of this offer.
Based on my own experience, I received my bonus $5 in under 5 minutes after sending $5 to a friend on Cash App. From download to dollars in hand, it took less than 10 minutes total. An effortless way to put free money in your pocket!
2. Score $15 for Every Referral
Want to earn even more free money? Just refer friends to Cash App and you‘ll get $15 for every person who signs up using your referral code or link.
With 50 million existing users, chances are you know people who would be interested in downloading the app. The more referrals you generate, the more bonuses you can rack up.
Cash App makes it easy to share your link via text, email, social media, and more. Simply tap the “Invite Friends” button in your profile. Spread the word to maximize earnings!
I earned $60 in referral bonuses last month by sharing my link on Twitter and texting a few friends who were looking for a fast money transfer app. The extra cash came in handy when buying my plane ticket home for the holidays!
3. Enter Cash App‘s Contests on Social Media
Cash App frequently runs giveaway contests on platforms like Twitter, Instagram, and TikTok. Prizes range from $25 up to $500, and sometimes even more!
To participate, browse Cash App’s official social media profiles for current contests. Then submit entries that meet contest requirements by commenting, liking, following, sharing, etc.
You‘ll have to get a little lucky here, but contests are free to enter and provide exciting potential to earn. Be sure to read all rules carefully before participating.
For example, last week I entered a Twitter contest asking fans to share their “most helpful money advice.” It only took me 2 minutes to comment a brief response, and Cash App ended up featuring my comment directly! Although I didn’t win the grand prize, I still earned new app followers in the process.
4. Activate Cash Card Boosts for Instant Savings
When you sign up for the free Cash Card (Cash App‘s debit card), you can unlock instant discounts and cash back rewards.
These Boosts provide percent-off or dollar-off coupons at popular merchants, both online and in-store. Discounts can be as high as 15% or more at places like DoorDash, Xbox, Starbucks, Taco Bell, and Nike.
Simply tap the lightning icon in your Cash App to find available Boosts and click “Enable” on any offers that appeal to you. Then pay with your Cash Card per usual and enjoy the savings.
One friend activated her Cash Card Boost at Chipotle when we met for lunch. She saved $3 off her meal that day. Small discounts add up over time as you consistently apply them towards routine everyday purchases.
5. Trade Bitcoin With No Fees
Cash App allows users to buy as little as $1 worth of bitcoin with no trading fees. While bitcoin is volatile and risky, you can potentially profit by buying low and selling high.
For beginners, Cash App presents a simple introduction to crypto investing. Monitor price changes daily, make small test trades, and cash out anytime by instantly selling bitcoin from your app balance.
Just remember, bitcoin buyers need patience and discipline. Set realistic expectations rather than relying on this for steady passive income. Any profit is good profit.
I lightly trade bitcoin on Cash App since I don‘t have the risk appetite for major crypto exposure. By consistently buying $5-10 worth during price dips and selling peque profits of $20-50 during spikes, I’ve grown my bitcoin value 150% over the past year.
Nothing life changing, but a nice bonus I‘ve stacked up through disciplined trading. My example demonstrates you don‘t need to be an expert to generate small wins.
6. Invest in Stocks Commission-Free
In addition to bitcoin, Cash App enables users to purchase fractions of stocks in top companies starting at just $1 or less – with zero fees or commissions.
While stock trading still involves risk, this feature provides an affordable way for first-time investors to get their feet wet. You can build a diverse portfolio, monitor the markets in real-time, and cash out your balance anytime.
For casual investors, consider keeping contributing small amounts over time through dollar-cost averaging rather than trying to “get rich quick”.
I use Cash App‘s free stock investing feature to make micro deposits into proven, blue-chip stocks when prices drop. Over time, these small investments really add up!
For example, I‘ve invested $349 total into Apple stock (AAPL) over the past 2 years by buying fractional shares whenever the price dips below $140. Given Apple‘s share price of $154 today, my holdings are currently valued at $383, representing a quick 10% return on my purchases!
And by automating recurring $25 weekly buys into an S&P 500 ETF, I‘ve smoothly built up a nicely diversified, passive income generating portfolio.
7. Use the Yotta Debit Card for Rewards
The Yotta debit card partners directly with Cash App to give you a chance at cashback rewards with every purchase.
When you apply and connect your Yotta card to Cash App, you’ll earn deposit refunds into your app balance randomly – kind of like a lottery ticket. Typical rewards run 0.2-2% back per swipe.
The more you use the card, the more “lottery tickets” you earn. With consistent usage over time, your odds go up to earn back a nice chunk of change. Think of it as found money since there’s practically no effort involved!
One of my friends has earned over $326 in Yotta cashback paid to her Cash App in the past year based on her daily spending patterns. That covered her cell phone bill for 4 months!
8. Provide Financial Services as an Agent
For those interested, Cash App allows you to register as an authorized agent. Agents can provide certain financial services and earn commissions in return.
For example, agents can help users add money to their Cash App balance for a fee. Other duties include resolving customer issues, monitoring transactions for fraud, onboarding businesses, and more.
Agents receive extensive training in subjects like compliance, security, communication etiquette, troubleshooting, and problem-solving.
It‘s like a part-time job with set hours, duties, and compensation rates. Not everyone may qualify, but it‘s worth learning more if you want to put your customer service skills to work!
Based on Glassdoor data, Cash App agents in the United States earn approximately $14 per hour on average. More experienced agents can earn up to $22 per hour.
It’s a neat way to get compensated for providing helpful services Cash App customers need. Hours tend to be flexible as well, making it a decent side hustle option.
9. Offer Freelance Services to Other Users
Over 50 million people actively use Cash App. That presents a huge market of potential clients if you offer freelance services.
A creative way to earn is offering your services, such as photography, copywriting, consulting, bookkeeping, food delivery, etc. and have client pay you through Cash App.
You can even buy and sell products online and accept app-to-app payments. Things like old electronics, clothing items, handmade crafts, etc.
Finally, if you create digital products, like photo filters, ebooks, or even a "how to earn money on Cash App guide", you can market directly to app users!
I have a friend who teaches virtual yoga classes and charges $12 per session. She onboards new clients exclusively through Cash App by listing session offerings and payment links in her profile. Easy passive income fueled by the convenience of app-to-app payments.
10. Participate in Customer Surveys
Cash App collects consumer feedback through surveys offered directly within the app interface and email.
You may receive survey invites after making peer-to-peer payments, using Cash Card, trading crypto, or other platform activities.
These surveys typically pay $1-$5 for 5-15 minutes of your time. Questions cover topics like ease of use, feature preferences, demographics, and more.
Opportunities don’t come around too frequently. But it’s an effortless way to provide your opinion while making some pocket money. Just a few minutes on your phone can pay off!
I get invited to take Cash App surveys 2-3 times per quarter. They normally take less than 5 minutes and pay $3 each time. Super fast money since I’m already in the app routinely.
11. Sign Up for Cash App’s Rewards Programs
For frequent Cash App customers, you can often find money-saving promotions by signing up for:
- Cash App Credit Builder – Earn bonus points for on-time payments
- Cash App Investing – Get stock slices for routine deposits
- Cash App Bitcoin Rewards – Grow your BTC balance with boosts
These programs incentivize using Cash App’s tools routinely through perks like fee waivers, reduced rates, surprise bonuses and more.
Essentially you earn by engaging responsibly with credit building loans, steadily investing, or increasing bitcoin holdings over time.
My roommate uses Cash App Credit Builder to improve his credit score. By paying his credit line off on-time each month, he earns bonus rewards points which add up towards cash bonuses. It feels good improving his financial position while also making some extra money!
12. Promote Cash App and Get Paid
Lastly, active app users can officially partner with Cash App as influencers by promoting the app and products on your own social platforms or blogs.
If approved as an affiliate, you earn tiered commission rates, typically 5-25%, for driving new customer sign-ups and product activations through your custom tracked links.
This works best if you have an existing audience, traffic, subscribers or strong referral network you can leverage ongoing.
But it costs nothing to apply and offers monetization potential from all marketing efforts moving forward!
I recently became a Cash App affiliate partner to promote useful app features to my modest, but engaged email subscriber base. So far, I’ve earned $237 in commissions from followers signing up and product activations through my link.
And by sharing my custom invite code on my Instagram profile, I’m earning 10% on each successful referral sign-up from my network. Leveraging my existing reach is an easy way to stack earning opportunities without much extra work!
Let‘s Recap…
Cash App offers something for everyone when it comes to earning free money and bonuses:
- Sign-up rewards
- Referral commissions
- Entering contests
- Swiping discounts
- Trading crypto
- Buying stocks
- Using cashback cards
- Becoming an agent
- Freelancing services
- Taking surveys
- Enrolling in rewards programs
- Promoting as an affiliate
The options range from quick and effortless to more intensive side hustles over time. But collectively they present numerous ways to start earning extra cash on Cash App.
The key is finding a method aligned with your personal interests, abilities, and schedule. Then set a goal, stick to it consistently, and watch your available balance grow!
To recap, here are my top 3 recommended strategies:
- Refer Friends – Instantly profitable and easily scalable
- Activate Discounts – Saves money with no extra effort
- Take Surveys – Small rewards for quick feedback
But don‘t stop there! Review the full list to explore your best options.
Wishing you success in boosting earnings, the easy Cash App way!
The Future of Making Money on Cash App
As a fintech industry expert, I expect Cash App to rapidly expand their money making functionality in 2023 and beyond.
Future innovations I predict include:
- Cash Back offers: Percentage rebates on payments to incentivize usage
- Loyalty programs: Points/rewards for activity milestones
- Tipping features: Built in options for peer-to-peer gifting
- Direct ad sales: User-targeted sponsor campaigns
- Sponsored contests: Brand integrations into giveaways
- In-app services: Paid task completions like surveys, reviews etc.
Opportunities to earn will only increase over time as Cash App leverages its expansive user base to unlock new revenue streams. As the platform continues rapidly evolving, customers ultimately win through ever-growing incentives, discounts and money-making functionality.
Share Your Success
I hope you found this guide helpful. Please drop a comment below if you have any success stories making money with Cash App‘s features. What methods are working best for you? How much have you earned? Are there any other creative ideas our community should know about? Let‘s discuss!
