In Nov 2014 the most loved picture messaging app Snapchat propelled a new app that allowed friends to send money to each other within the app. Its name was Snapcash. However, the app was ended in August 2018 for some security reasons. It was an effort by Snapchat to move beyond messaging. This service lets clients beyond 18 a year old a measure of cash to another client utilizing the app’s instant messaging feature.
Snapcash was a quick, free, and fun approach to send cash to your companions. The cash securely stores the financial balance connected to your debit card.
How Snapcash Worked?
Snapchat has banded together with payment-processing service Square to build up the administration. Square lets you send cash by means of email by composing the necessary sum in the title. Snapcash worked likewise. You’ll have to include a debit card for your first exchange, yet once you’ve done that you’ll have the option to type a measure of cash into Snapchat’s text-chat feature and hit the green play catch to in a button to send cash.
Who can use Snapcash?
It was only launched in the US for Android phones. And one should have been 18 years and above to use the cash app by Snapchat. Also, you must carry a debit card with you.
How to Use the Snapcash to send Money?
Once Snapchat was also in use for sending cash to acquaintances via Snapcash. Let’s know how do you spend money on Snapchat using Snapcash.
Step 1: You have to download the app from your app stores.
Step 2: Install the app and link it to your debit or credit card.
Step 3: Then open the chat with the one you want to send cash.
Step 4: Tap on the Pay button.
Step 5: Now Type a $ and the amount you want to send in the dollar. You will see that a green Snapcash button will appear.
Step 6: Tap on the green Snapcash button. Doing this will turn your amount into Snapcash. You will see that the amount with dollar sign will also turn into green.
Step 7: Now tap on send. This way you can send money to your loved ones.
You can also make money request on the app by using the following method.
Step 1: Just type the desired amount you want to request.
Step 2: Tap on the request button.
Step 3: Then enter the sender ID and the reason. You can request by using the sender’s $Cashtag, email, name, or phone number.
Snapcash Payments and Receipts
In the event that your beneficiary doesn’t guarantee an installment in 24 hours, it will naturally drop and the finances will get back to the sender’s financial balance in 1-2 business days. You can affirm finished Snapcash exchanges whenever inside the Snapchat application. Exchange history is situated inside the Snapchat settings menu. Cash App’s way to deal with security is intended to ensure both you and your information. For your assurance, all installment data is gone through Square, encoded, and submitted to our workers safely, whether or not you’re utilizing a public or private WiFi association or an information administration on your telephone
Where is the Money Transfer using Snapcash Was Reserved?
As per the rules you have had to add your debit card details with the app. And just after that the receiving and sending money procedure starts. It’s just like you use PayPal and other cash messaging apps. You will debit and credit the money in your bank account that’s linked with the cash app.
What if You Don’t Link Account With Your Debit Card?
Linking your account with a debit card is very important if you want to receive money or send cash on Snapcash. In case you don’t link your debit card with your account, the money your close ones have sent you will be returned to their accounts.
Reasons For Your Snapchash Transaction Errors?
There are some reasons because of which you may face some money transaction errors and your transaction will not be processed. Here are the reasons.
If the recipient whom you are sending money using Snapcash is not having properly arranged Snapcash setup, your money transaction will not be processed further and you will not be able to send money. So, before sending money, you must make sure that the recipient has a proper Snapcash setup.
Adding the dollar sign $ is very important, If you don’t do so, the transaction will get canceled. Make sure you place the sign at the correct place without giving any space. If you don’t do so, the ‘Add Cash’ button will not appear and you cant move forward with the transaction procedure.
It may be possible that the CVV is outdated. It happens when you start using a new debit card but forget to update the new CVV and use the old one for payment. In such a case, you should delete the old information and update the new debit card CVV there.
Why Snapcash by Snapchat Ended?
Snapchat has not yet revealed why the cash app from Snapchat was removed. One of the reasons that got revealed was that due to the cash app adult content was promoted on Snapchat. This was the reason Snapchat just removed the cash app and that’s why it’s not in use anymore.
Summary
This is all you should know about the Snapcash app by Snapchat. The app was only workable for 4 years and due to adult content and security issues Snapchat removed the app and from 2018 the app is no longer available. Hope the info we provided is enough for you.
Frequently Asked Questions
Can you still send money through Snapchat?
This Snapchat includes an app, called Snapcash, and permits you to send cash utilizing Cash App. Snapcash is a quick, free, and fun approach to send cash to your companions. The cash securely stores in the ledger connected to your check card.
Is Snapcash gone?
The app was not so workable and collapsed in some days of its trial. People didn’t like it so much and this was not in so much use by the users.
How do you set up Snapcash?
To get started setting up Snapcash, launch Snapchat. Tap on your Bitmoji located in the top-left corner of the main camera screen. Tap the Settings icon in the top-right corner. Under “My Account” tap on Snapcash to expand the options.
Does Snapchat pay money?
Snapchat has a lucrative chance for us every one of us. The application is dispatching another component called “Spotlight” which will feature viral public snaps. To urge you to post them on there, rather than jumping over to TikTok, Snapchat will pay genuine cash to the individuals who make it to the Spotlight page.
How much money can you send through a cash App?
Money App allows you to send up to $250 inside any 7-day time span and get up to $1,000 inside any 30-day duration. You can build these cutoff points by confirming your personality utilizing your complete name, date of birth, and the last 4 digits of your SSN.
Why is Snapcash no longer available?
Snapcash ended up as a way to pay adult performers for private content over Snapchat, not just a way to split bills with friends.
What bank does the cash app use?
By using Cash App, you agree to be bound by the Lincoln Savings Bank Terms and Conditions set forth here.
Is Cashapp anonymous?
Cash App is a mysterious versatile installments administration, permitting clients to move and demand cash. Utilizing one-of-a-kind usernames known as $Cashtag you can move cash with username alone, wiping out the requirement for financial balance subtleties.