Cash App Charges Fee. It charges the sender a 3% fee to send a payment using a credit card and 1.5% for an instant deposit to a bank account. I went home and requested a new cash app card. I went to publix yesterday afternoon and bought groceries using apple pay with my cash app card.
So sending someone $100 will actually cost. But if you were to use your credit card to make this payment using square cash or cash app, then 3% is payable as cash app fees.
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It charges the sender a 3% fee to send a payment using a credit card and 1.5% for an instant deposit to a bank account. All transactions incur a 2.75 percent fee, but deposits are free if you don’t need access to the money right away. If i remember correctly if someone pays you from their cash app then there's no fee to receive the money however if they use a debit or credit card to pay you through your cash app then cash app charges the merchant or person receiving the money a 2.9% fee per transaction plus another $0.30 fee per that same transaction. Here is a sample computation below:
