{"id":8888,"date":"2020-12-11T10:10:45","date_gmt":"2020-12-11T18:10:45","guid":{"rendered":"https:\/\/socialcatfish.com\/blog\/?p=8888"},"modified":"2020-12-11T10:14:36","modified_gmt":"2020-12-11T18:14:36","slug":"cash-app-scams-scammers-promise-to-flip-your-money-then-steal-it-instead","status":"publish","type":"post","link":"https:\/\/wp.socialcatfish.cloud\/scamfish\/cash-app-scams-scammers-promise-to-flip-your-money-then-steal-it-instead\/","title":{"rendered":"Cash App Scam: Scammers Promise to Flip Your Money Then Steal it Instead"},"content":{"rendered":"

If you have a social media account<\/a> on Facebook<\/a>, Instagram<\/a>, TikTok<\/a>, or Twitter<\/a>, you need to beware of a popular scam<\/a> making its rounds. It involves asking you for a small amount of money with false promises that they will be able to turn it into a larger amount. This scam is known as money flipping, where scammers pretend to be someone they aren’t and message many people claiming that they can turn a small amount of money into a large amount of money. There are also hashtags that advertise money giveaways to also beware of when dealing with a cash app scam.<\/p>\n[aesop_video src=”youtube” id=”pmMqgoxBhko” width=”100%” align=”center” disable_for_mobile=”off” loop=”off” controls=”on” mute=”off” autoplay=”off” viewstart=”off” viewend=”off” show_subtitles=”off” revealfx=”off” overlay_revealfx=”off”]\n

Think you’ve run into a Cash App scam involving false promises of money flipping? Here are some signs that you might be dealing with CashApp Scammers:<\/strong><\/p>\n

Signs That You Are Dealing with a Cash App Scam, or Other Money Flipping Scam<\/h2>\n[aesop_image img=”https:\/\/socialcatfish.com\/scamfish\/wp-content\/uploads\/2020\/05\/My-Post-32.jpg” panorama=”off” imgwidth=”100%” align=”center” lightbox=”off” captionsrc=”custom” captionposition=”left” revealfx=”off” overlay_revealfx=”off”]\n

The Money Flipping Scam<\/h3>\n

Scammers know that people are desperate for money<\/a> and will do whatever it takes to make more money. Scammers know this and have created the money flipping scam that is hard to resist.\u00a0You receive a message, claiming that you can earn two, three… even ten times more money than you are earning now within minutes. All you need to do is send the scammer the requested amount of money via CashApp, Venmo, your bank account<\/a>, or another money transfer app<\/a> and they will supposedly flip your money within minutes.<\/p>\n

There have even been scammers that have asked for your bank account information so they can take the money out themselves… yikes!\u00a0These scammers often have bad grammar, with missing words and misspellings.\u00a0Once you send them the money, they take it and block you off of whatever social media platform they were using to message you.<\/p>\n

#CashAppFriday Scams<\/h3>\n

On Twitter<\/a>, Square’s Cash App offers #CashAppFriday and #SuperCashAppFriday giveaways on its official page, where users can retweet, invite their friends, like the post, or follow Square’s cash app on social media for a chance to win the stated amount of money. While this is a legit getaway, there are scammers that comment on these threads, trying to advertise a getaway of their own.<\/p>\n

They usually advertise their giveaway around the same theme as the legit giveaway that they are commenting on, stating that they can win an amount of money if they retweet the tweet. They then message you congratulating you<\/a> on your win and state that in order to receive the money, they need a small amount of money from you so they can flip it. Once you give them the money, they block you and you don’t see the “giveaway” you supposedly won.<\/p>\n

Verify a CashApp Giveaway with a Gift Card Scam<\/h3>\n

Scammers will ask their victims to purchase a gift card<\/a> in order to “verify that they are a real person.” The scammer promises to give them more cash than they spent on the gift card<\/a>, but in reality, they are just going to take the gift card and block you.<\/p>\n[aesop_image img=”https:\/\/socialcatfish.com\/scamfish\/wp-content\/uploads\/2020\/09\/Modern-technology-384081-scaled.jpg” panorama=”off” imgwidth=”100%” align=”center” lightbox=”off” captionsrc=”custom” captionposition=”left” revealfx=”off” overlay_revealfx=”off”]\n

Referral App Scams<\/h3>\n

Scammers message victims on their social media accounts<\/a> and ask them to sign up for referral cashback apps, such as Waldo or Dosh Cash. This would earn the scammer money each time the victim clicks on each link and signs up for their services. Once the victim signs up for both these apps using the referral links provided to them, the scammer promises to CashApp money in return. However, the scammer blocks them and the victim never hears from them again.<\/p>\n

Scammers Catfish Victims as the Official CashApp Account<\/h3>\n

Scammers will use the same profile picture and similar username as the official CashApp to tell their victims that they won the giveaway! All they need to do is send a small amount of money to “verify they are real” and they will get a large amount of money back in return. Once the victim sends over a small amount of money, they don’t receive any money back in return and get blocked by the scammer.<\/p>\n

If you are a winner of the actual CashApp giveaway:<\/strong><\/p>\n