The agreement establishes a Sponsored Account category for users under 18 (the document references ages 13-17 in Section III), which allows minors to use certain Cash App features under parental or guardian sponsorship.
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 Sponsored Account provision creates a distinct account type for minors aged 13-17, which engages COPPA requirements for the collection of personal information from children under 13 (if applicable) and state minor privacy laws. The fee disclosures in Section I explicitly reference Sponsored Accounts as covered prepaid accounts.
Interpretive note: The full text of the Sponsored Account provisions in Section III was not reproduced in the provided document excerpt; the age range of 13-17 and parental consent mechanism are inferred from standard Cash App public disclosures and the document's reference to Sponsored Accounts in the fee table.
The updated terms introduce a new stablecoin withdrawal feature that allows Cash App users to convert USD to stablecoins and send them to external blockchain addresses. Under the revised language, users do not acquire ownership or title to stablecoins; Cash App or its partners retain full control until delivery to the specified address. Critically, the terms state that withdrawals cannot be reversed or refunded once initiated on the blockchain, and sending assets to unsupported networks or incorrect addresses will result in permanent and irreversible loss of funds. Users are solely responsible for verifying accurate withdrawal instructions and compatible network addresses before initiating transfers.
View change record →The updated terms increase the Foreign Transaction Fee from 3% to 3.25% and narrow the circumstances under which this fee is waived. Previously, users who spent $500+ monthly or received $300+ in deposits waived the entire Foreign Transaction Fee. Under the revised terms, the fee waiver now applies only to card-present (in-person) transactions, meaning online and card-not-present international purchases remain subject to the fee without a waiver path. Users making qualifying purchases or deposits still receive fee waivers, but only for in-person international card transactions through the end of the following calendar month.
View change record →The updated terms state that Cash App will discontinue its Remittance Service effective May 1, 2026. Any remittance payment still pending on or after May 1, 2026 will continue to be processed unless the sender cancels the transfer. However, any remittance payment sent via cash pickup that is not picked up within 21 days will be automatically canceled, and all remittance payments remaining in pending state on May 21, 2026 will be automatically canceled and refunded to the sender. Additionally, for California residents with Cash App Cards, the gift card cash redemption threshold was increased from $10 to $15. You can cancel pending remittance transfers before May 1, 2026 to manage the transition.
View change record →Under these terms, minors aged 13-17 may access Cash App services through a Sponsored Account opened and managed by a parent or legal guardian. The terms applicable to prepaid accounts, including fees and transaction limits, apply to Sponsored Accounts as disclosed in Section I.
How other platforms handle this
If you do not have a social security number you may still be eligible to open a limited Revolut personal account. Depending on your immigration status, we may ask you to provide us with a copy of your supported U.S. visa and may limit your access to certain products and features.
Our Services are not directed to children under 13. If you learn that anyone younger than 13 has unlawfully provided us with personal data, please contact us at privacy@medium.com.
After your account is deleted, we keep data about interactions you've had on our service to prevent abuse, ban evaders and others in an effort to protect and ensure the safety and security of our service and our members.
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"This section applies to any Restricted Account or Prepaid Account (each as defined in Section III), including any Sponsored Account (each as defined in Section III) that is a Prepaid Account.— Excerpt from Cash App's Cash App Terms of Service
1. REGULATORY LANDSCAPE: The Children's Online Privacy Protection Act (COPPA) applies to online services directed to children under 13 or with actual knowledge of users under 13. For users aged 13-17, state minor privacy laws such as California's Age-Appropriate Design Code Act may require evaluation. CFPB prepaid account rules apply to Sponsored Accounts that qualify as prepaid accounts. 2. GOVERNANCE EXPOSURE: Medium. The explicit inclusion of minors aged 13-17 as an eligible user population creates compliance obligations under COPPA (if the service has actual knowledge of users under 13), state minor privacy laws, and potentially the FTC's guidance on marketing to minors. The financial services context adds a layer of regulatory complexity. 3. JURISDICTION FLAGS: California's Age-Appropriate Design Code Act and similar state laws create heightened compliance obligations for platforms serving minors. Organizations operating in multiple states should assess which state minor privacy laws apply to Sponsored Account users. 4. CONTRACT AND VENDOR IMPLICATIONS: Businesses that process payments to or from minors using Cash App Sponsored Accounts should assess their own obligations under applicable minor privacy and financial services laws. 5. COMPLIANCE CONSIDERATIONS: The consent and parental authorization mechanisms for Sponsored Accounts should be reviewed against COPPA requirements and applicable state laws. Data collection practices for minor users warrant specific mapping and documentation.
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The Sponsored Account provision creates a distinct account type for minors aged 13-17, which engages COPPA requirements for the collection of personal information from children under 13 (if applicable) and state minor privacy laws. The fee disclosures in Section I explicitly reference Sponsored Accounts as covered prepaid accounts.
Under these terms, minors aged 13-17 may access Cash App services through a Sponsored Account opened and managed by a parent or legal guardian. The terms applicable to prepaid accounts, including fees and transaction limits, apply to Sponsored Accounts as disclosed in Section I.
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