For some of us, making money through Cash App might sound weird since the app's main focus is to facilitate P2P payments, right?
Well, you should know that Cash App has evolved to be one of the few payment services that let you actually make money through many different activities on the app.
In this guide, I'll show you the best ways to make money on Cash App that will serve as a potential side gig.
Ways To Make Money On Cash App
If you're looking to make some extra income with Cash App, you can consider the options below.
1. Referral Bonuses
Referring new users to Cash App is the most straightforward way to get free money on Cash App.
Cash App offers $5 to every new user who signs up through a referral code and links a payment method to their account. Most of the time, it can be instant, but it should take up to 14 days for the bonus to reflect in the account.
If you don't have a Cash App account yet, this can be an easy way to get a $5 for free by just signing up through a referral code. After you've signed up, you can continue receiving more bonuses by referring more users to the platform. It is as easy as that.
2. Sell Goods and Services
Cash App works well for sellers who have digitally demanding goods or services to sell.
In fact, it must not only be digital, but can also be physical. This can be anything from freelance work to handmade crafts.
All you need to do is include your Cashtag (unique username) in your invoice so they can easily send you payment for your goods or services.
3. Invest in Stocks (US only)
Cash App allows you to invest in fractional shares of US stocks. This means you can buy a small portion of a company's stock instead of needing a large sum of money. Ideally, you can sell your stocks on Cash App when needed.
Remember that investing in stocks carries risk. The value of your investment can go up or down. Only invest what you can afford to lose, and do your own research before making any investment decisions.
4. Bitcoin Boost
Okay, technically, this is about saving rather than earning, but financially speaking, saving $10 is exactly the same as earning $10. Cash App's Boost feature is only available to Cash Card users (their free Visa debit card), and it works like instant cashback.
You activate a Boost in your Cash App, and the next time you swipe your Cash Card at an eligible merchant, you get an instant discount. Boosts rotate regularly and include discounts at places like:
- Grocery stores
- Coffee shops
- Fast food restaurants
- Online retailers
- Rideshare services
If you're already spending money at these places, you're essentially leaving free money behind by not using your Cash Card and activating Boosts.
5. Paid Surveys and Apps (limited earning potential)
Some apps and websites offer rewards for completing surveys or trying out new apps. There are also a couple of games that pay real money to your Cash App account, but the payout is not really something big.
While the payouts might be small, they can add up over time if you're consistent. However, be cautious of scams and only use reputable platforms with good reviews.
6. Participate in Cash App Promotions and Giveaways
It is no new thing to come across Cash App promotional campaigns on social media. They've done Super Bowl giveaways, Friday giveaways on social media, and other promotions where users win real money.
In fact, one of the most popular campaigns ever run on X by Cash App was the "#CashAppFriday" event, where they dropped money to people who engaged with their posts. This isn't something you should count on as stable income, but it's absolutely worth following their official social media accounts and participating when promotions are live.
Final Thoughts
Cash App has evolved to be more than just a payment service. It now allows you to make money by doing things like referring new users to the app, selling goods and services, and even investing in stocks.
For sure, most of these ways might now be enough reason to quit your day job, it they, however, can serve as a side gig to boost your daily or monthly revenue.
As for me, I mainly focus on the referral option since all you'll need to do is just share your referral link, list the advantages that come with it (for example, the instant $5 bonus upon sign up), and allow users to join through it.
