Children aged 13 and older can use Cash App through a 'Sponsored Account' where a parent or guardian acts as the sponsor and takes responsibility for the minor's account activity.
Parents or guardians who sponsor a minor's account accept legal responsibility for that account, including any financial activity, and should be aware of the associated obligations and risks.
Extending financial services to minors aged 13+ implicates COPPA (children under 13 are excluded but the 13+ threshold requires careful age verification), state minor contract law (minors may disaffirm contracts), and CFPB consumer protection rules; compliance teams should assess whether parental consent mechanisms satisfy applicable legal standards and whether age verification is robust.
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Cash App's terms significantly affect consumers' financial rights, requiring binding arbitration for most disputes and waiving class action rights, which limits recourse if something goes wrong with payments, account suspensions, or fees. The agreement also grants Block broad authority to suspend or close accounts, freeze funds, and reverse transactions, which can directly impact access to money. You can opt out of the arbitration clause by mailing a written notice to Block, Inc. within 30 days of first accepting the terms.