You might have heard about Cash App Scam on Facebook, there are many scammers on Facebook promising to pay you a $750 reward on Cash App if you take a small survey.
Cash App is increasing in popularity and with the fame comes the risks, this platform is becoming a prime target of scammers. It’s not that Cash App lacks safety features but there are other reasons for it.
In this article, I will explain the latest Cash App Scams on Facebook and how can you spot them. Do you really get $750 if you complete a survey on Facebook?
Let’s dive in…
What is Cash App Scam?
Cash App is a P2P payment platform that is used by millions of users to send and receive money. Cash App uses 128-bit or higher encryption to protect its users, so why is Cash App so vulnerable to scams?
There are a few reasons that make Cash App a soft target for scammers, these reasons are as follows
1- Cash App is not a bank and it only facilitates payments, so your money is not insured by FDIC as it is insured in your bank account.
2- Cash App treats money as hard cash, once you give it to someone it is gone, and there is nothing Cash App can do to get it back.
Cash App Scam Facebook
Facebook is a social platform and millions of people use it every day, Facebook allows everyone to create an account and promote their business.
Requirements to run Ads on Facebook are not so tough, so almost anyone can run Ads on Facebook. Now, what are Cash App Facebook scams?
You will see ads running on Facebook, that will display the prize money, which is usually $750, that you can get on Cash App by simply completing a small online survey.
It seems an easy task and $750 is quite a lot of money.
Now, most people think as the company is running Ads, it must be a legit one, but actually, it’s not, scammers spend a little money to trap people.
How Does Cash App Scam On Facebook Work?
Scammers will launch an ad campaign on Facebook, promising that you can get the free reward of $750 on Cash App if you complete the online survey. They will also attach some fake testimonies showing that many of the users have actually won the prize.
You will start to believe that this could be a legit company. Once you click on the ad banner, you will be redirected to Google docs, where you will be asked to fill in the form.
This form will usually ask you for your personal information, including your email, phone number, SSN, and some other financial credentials. This data will then be used to send you phishing emails and hack your accounts.
Does Cash App Facebook Survey Give $750?
Who doesn’t like to get free money? Everybody does, and that is exactly people fall for the tricks, Surveys on Facebook that are promising you a $750 reward are fake.
These surveys on Facebook are designed to steal your personal and financial data, this data is then sold to other companies, used to send you phishing emails as well as for identity theft.
Cash App scam Facebook has many victims, and people have lost a lot of money and reported data theft to these scams.
How To Spot Cash App Scam On Facebook?
Cash App scam on Facebook is easy to spot, first of all, remember that there is no such thing as free money. If someone is offering you free money, 99% chances are that it is a scam.
If you see an Ad on Facebook, promising to give you $750 for nothing or for a small survey, avoid it at all costs, it is a scam. If you see Ads for Cash App 4inject $750 on Facebook, it is another trick of scammers.
These ads will sound too good to be true, and anything that sounds too good to be true is false.
What To Do After Spotting A Cash App Scam On Facebook?
Scammers have always joined forces, so why shouldn’t we? If you are on Facebook and you have spotted any suspicious Ad which is promising money flipping or giving away free $750 rewards, you should let others know about it.
Write in the comments of that post, that it is a potential scam, also report that post as a scam to Facebook, if many users report the post, that account will be banned by Facebook.
How to Avoid Cash App Scams on Facebook?
Scammers always follow the same pattern, whether it is the Cash App Fraud Bible, or Cash App 22. com, they are all easy to spot if you are familiar with their psychology.
You can avoid all sorts of Cash App scams by following these golden rules
- Never trust an unknown person online
- Never share your Cash App credentials on unknown platforms
- Don’t sign up to unknown websites using Cash App ID and Password
- There is no such thing as free money, so avoid such schemes that offer to increase your wealth overnight
- Always keep yourself updated about recent scams.
What Are Some of The Most Famous Cash App Scams?
These are some of the most dangerous and common Cash App scams that can leave you bankrupt, so you must learn about them to keep your money safe.
- Cash App Bitcoin Scams
- 4Inject Cash App
- Cash App 22.com
- Cash App ++
- Cash App Sugar Daddy Scam
- Cash App Money Flip
Cash App Scam Facebook is yet another fraud attempt by scammers to steal your money, and data. Cash App Scams on Facebook depend on the Ads and fake marketing on WhatsApp.
If you see an Ad on Facebook promising to give you $750 for completing a survey, it’s probably a scam so you should avoid it at all costs. The same rule applies to other social media platforms like Instagram and WhatsApp.
I hope this article was helpful and you have got all the information that you were looking for. If you have any questions please leave them in the comments.