This analysis describes what Cash App's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
The updated terms establish that Cash App may obtain and verify your identity information through third-party verification services. The terms now state that identity verification may not guarantee access to all services, and Cash App may require additional or updated information or verification steps before granting access to certain account types or services. Previously, the terms implied that successful identity verification would result in conversion to a full account; the revised language makes account conversion conditional and permits Cash App to withhold access pending further verification.
View change record →The updated terms change how Cash App Tag purchase fees are calculated and disclosed. Rather than a fixed $25 fee, the purchase price now ranges up to $250 and varies based on the specific tag selected and the customer's account type. The terms state that 'the specific fee amount is disclosed before you complete your Cash App Tag purchase,' meaning the final price appears at checkout. Additionally, the terms now extend Cash App Tag eligibility to Children using Sponsored Accounts, whereas the prior language explicitly prohibited Children from requesting, receiving, or using Tags in connection with Sponsored Accounts. You can review the specific fee before completing a purchase, and parents authorizing Sponsored Accounts should understand that their child may now access Cash App Tag functionality within the limitations set by the account sponsor.
View change record →The updated terms introduce a new Bitcoin Auto-Withdrawal feature that lets users authorize recurring, automated transfers of bitcoin from their Cash App balance to an external wallet on a schedule they choose. The terms state that these transfers operate subject to the same daily and rolling transfer limits, identity verification, and compliance screening as manual withdrawals, and are irreversible once broadcast to the blockchain. The revised language also establishes that funds from external sources will be subject to withdrawal restrictions for a minimum of 7 days and as long as 60 days, replacing the prior language stating restrictions would apply 'until fully settled'. Users can cancel or modify Auto-Withdrawal schedules through the app at any time, but Cash App states it cannot stop transfers already initiated at the time it receives a cancellation request.
View change record →How other platforms handle this
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"Any gain or loss from fluctuations in bitcoin price between the time you authorize the USD Lightning Transfer and the time the bitcoin is delivered to the specified recipient belongs to Cash App as the owner of the bitcoin.Excerpt from Cash App's Terms of Service
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The clause states: “Any gain or loss from fluctuations in bitcoin price between the time you authorize the USD Lightning Transfer and the time the bitcoin is delivered to the specified recipient belongs to Cash App as the owner of the bitcoin.”
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