Cash App Text $750 Scam: How It Works
Beware of a new fraud on mobile phones: the Cash App text scam, coming to you as a text message promising $750 if you partake in a new game on the popular money transfer app. This is just one of the latest Cash App scams going around lately, besides the notorious Cash App Money Flipping scheme.
So how does this scam work?
You may receive a text message from a random number or see a Tweeter user claiming the following: “Due to COVID19, I’ll be blessing the first 300 people to like & retweet this $750 – $4000 through CashApp. DM me also“. Here is a screenshot of a couple of such tweets:
What happens if you proceed to get in contact? To get your $750, the scammer asks in exchange for a lower amount, such as $375, meaning half of it. Then promises to send you back double the amount you sent. The way the scam works is, the crooks really pay you back! Why? Because once they’ve got your trust, you will feel that you’ve grabbed God by the leg.
The scam continues with the criminals proposing a more lucrative business: double the amount. So the $750 would become $1500, or more. Of course, this amount is not tabu, so beware of any promise made by the crooks. Surprisingly or not, the scam works. Don’t believe it?
Watch the video below to see how the Cash App Scam works:
Cash App Text Scam: How To Avoid
You should keep in mind a straightforward statement. Do not send money to anyone who promises money back. Whether it is about $750 or any other amount, Cash App has become scammers’ favorite app to perpetuate their actions. Ignore any tempting offers.
The same type of fraud is pulled on similar apps, such as Venmo or PayPal.
Cash App Scam: How To Report
Warn your family and friends about the Cash App Text Message Scam by sharing this article on social media using the buttons provided. You can also officially report the scammers to the Federal Trade Commission using the link below:
How To Protect Yourself More
If you want to be the first to find out the most notorious scams every week, feel free to subscribe to the Scam Detector newsletter here. You’ll receive periodic emails – we promise not to spam. Meanwhile, educate yourself with some other Cash App fraud-related articles right under this paragraph, so that you can protect yourself in many other aspects and niches. Last but not least, use the Comments section below to expose other scammers.
Here are some must-reads for the end:
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