Wanna turn $100 into $5,000 with very little effort?
Of course, who wouldn’t want to?
Scammers and fraudsters are taking advantage of the get-rich-quick dreams by promoting the “Cash App money flipping” scams on social media.
Scammers are looking to piggyback on the #CashAppFriday on Twitter and scamming between $10 to even $1,000 from each fallen victim to their scams.
- How Does Cash App Flip Work?
- Are Cash App Flips Real?
- Cash App Flips Message
- Piggybacking #CashAppFriday and #CashAppWednesday
- How to flip your money on Cash app?
- How Do Cash App Flips Work?
- Cash App Flip Scam All goes down in DM
- Cash App scammers are using COVID-19 Pandemic
- How to avoid Cash App Flipping?
- Final Thoughts: Cash App Flip Method
How Does Cash App Flip Work?
Cash App Flip is a scam when someone sends you a text (claims to be able to flip and increase your Money from $50 to $500) through some tool for a fee and you will get double the amount sent back to you; aka money flipping.
They rope consumers into the scheme by posting on social media that they “flipped” a few tens of dollars into hundreds and Thousands.
Flip money is when you put your money into a box under the impression that you’ll get more than you originally put in. The Cash App money flipping scam differs and varies from scammer to scammer on how they sell you to pay them.
Are Cash App Flips Real?
No, Cash App flip Methods are not real and scammers target vulnerable users with get-rich-quick by promoting the scam. Money and Cash flipping is not a real thing; you risk losing your money instead of earning. Cash App Flip Scam is also illegal.
They usually claim to have inside information or have a connection to Cash App representatives to carry out the task.
Cash App Flips Message
Cash App flips Messages usually read something like: “Hey would you like to receive $250?” and they are usually followed up by “My goal is to help those in need of emergency Cash. With a simple donation of $25, you’d receive $250 in return.”
Of course, these are all BS.
Use your head and think is it realistic that someone could turn your $25 into $250 or whatever amount they claimed to double by the end of the day?
If it were that easy, I’m guessing surely everyone would be doing it. If it doesn’t make any sense to you, that’s because it’s just pure BS and nonsense.
Piggybacking #CashAppFriday and #CashAppWednesday
Square since 2017 has been running a weekly giveaway to Cash App users under the hashtag #CashAppFriday and #CashAppWednesday.
The basis is quite simple: Cash App will basically post about the weekly giveaway every Friday using the hashtag #CashAppFriday or #SuperCashAppFriday on Twitter and Instagram. Users can enter the giveaway by retweeting or replying to the posts or sharing to their story with their $cashtag.
>> Related read: Cash App Circle Scheme
Square will then randomly select the winners and deposit an unspecified amount of funds into their Cash App winner accounts. More recently, it also launched another giveaway under hashtag #SuperCashAppFriday with a total of prizes from $10,000 to $75,000, depositing anywhere ranging from $100 to $500 into winner Cash App accounts.
It goes without saying, #CashAppFriday has been extremely popular and is one of the top trends on Twitter each week, receiving thousands of tweets during each of the giveaway events.
However, Cash App’s legitimate promotion and giveaways are a breeding ground for fraudsters and scams.
How to flip your money on Cash app?
How to Flip money on Cash App
- The Cash App scammers will claim to flip money and acts as “customer service representatives” that have access to flip money.
- Screenshots are provided which are edited to claim of flipping the money.
- The scammer asked the victims by the scammers to put up a certain amount of money, which can range from as little as $5 to as much as $1,000.
- The victim sends the money, believing that it will be invested in real estate, the stock market, or in some other way to multiply the money.
- Once the victim transferred the money, they will usually block them.
- Cash App scammer will receive the payment and they never respond back after they’ve received the initial payment.
- In some cases, scammers may offer a smaller “flip” in order to gain the trust of the user first as a minimal investment.
- The majority of users will send a fixed amount to the scammer, never to be heard from them again.
How Do Cash App Flips Work?
Behind these so-called Cash App scam giveaways, there’s a timeless con blueprint at work.
In these specific Cash App scams, they basically follow the blueprint of cash flipping.
The scammer will ask the victim to put up a certain amount of funds ranging from as little as $5 to as much as $1,000 or even higher. They will claim that they can flip the transaction and have some kind of special “software” or have a direct/indirect connection with the customer service and allow them to change the value in Cash App.
They will say that your dollar amounts can be flipped to higher amounts, from starting at the lower end (e.g. $50), all the way up to larger funds (e.g. $100 even up to $1000) claiming that they have tens and hundreds of satisfied customers with proof.
However, If pressed with even more technical and more realistic further questions, they will usually stop responding.
>> Read: How to Add Money to Cash App Card?
They will say that you need to pay them a small cut for their so-called service.” This, of course, is all fake and made up.
After payment is made, they will disappear with your money.
This scam is bred from Cash App’s own legit regular giveaways. The Scammers usually will reply to Cash App’s original tweets promoting their giveaways with their fake giveaways and ask to DM them.
Cash App Flip Scam All goes down in DM
Thousands are falling for this scam and it all goes down in users’ DM. Most of the time, they don’t even have a phishing website that leads them down the funnel.
This only shows how easy it can get scammed and how legitimate they act and present themselves.
So, when a user agrees to the scam, they will be asked to send the initial payment for their services to the scammer. Once the scammer receives the payment, they will block you and never respond back.
However, I speculate in some cases, certain Cash App users may try to be smart and start with a smaller “flip.” The scammer in order to gain the trust of the user will then deliver a product like Poker. So, For instance, they may actually deliver in the first flip and turn $3 into $30 to prove that the “flip” works.
The user can scam the scammer here and walk out but we all know that’s not how we humans usually think. We tend to not stop if it seems to works.
The $30 is a minimal investment from the scammer in order to earn the trust. From there, the user will be asked to send a higher amount ranging from $30 to $100. It’s rare that the scammer will send you money back the second time.
This sort of trust-gaining flip is rare and in most cases, once they send the amount to the Cash App scammer, they usually never hear from them again.
Cash App scammers are using COVID-19 Pandemic
Cash flipping isn’t anything new to social media and was not born during the coronavirus pandemic. It has been around and pervasive on Twitter, Instagram, and Facebook for years.
However, with the pandemic, more and more people are in need of money which is another reason for providing fertile ground for exploitation from the scammers.
According to Lauren Alexander Twitter Spokesperson, “This behavior is absolutely against our rules, and Users who see such scams need to go to the “suspicious and spam” category.
Square spokesperson Eitan Bencuya also said in an email:
We are aware of the scam social media accounts and that they have been working with Twitter and Instagram to deactivate all of them pretending accounts.
Note that Cash App has only two official Twitter accounts, @cashapp, and @cashsupport and both of them have blue, verified checkmarks.
Additionally, Cash App will never ask their customers for their PIN or to send them money outside of the app.
If you have been scammed and believe to be a victim of a scam, you need to contact Cash App support through the app or website, or tweet to them immediately.
How to avoid Cash App Flipping?
There is no fool-proof way to avoid the many scams out there and not just Cash App Money flipping as they are called.
However, to avoid falling for these scams, Cash App fans should know that “flipping” is not a real circumstance. While there are legitimate and real giveaways from Cash App itself and celebrities, it is important to note and proceed with caution.
For impersonation scams, they will usually claim to be famous celebs assistants and executives or even blunter and act as Cash App customer service representatives.
So, the best way to not fall into their traps is to just avoid them no matter how appealing the offer may be to try and lure you in. Know that they are fake and move in. If you have a few seconds to spare, it would help others if you would report them. To do so, Tap the icon located at the top of the Tweet or comment and Select Report Tweet.
Another thing to note is that while Cash App is available outside the United States, the giveaways for #SuperCashAppFriday and #CashAppFriday is limited to only the U.S. participants.
Tips to Avoid Cash Flipping Scams:
- Tell a real Cash App giveaway from a scam
- Browse online – Do a web search of their username or phone number and see if there are victims of the scammer that have posted complaints online.
- Be wary of buzz words – Avoid Certain phrases that raise a red flag such as “guaranteed”, no risk, high return, a small investment that will make you thousands in few minutes.
- Treat Cash App like actual cash – Once the money is sent from your Cash App account, the chances of getting your money back is extremely low.
Final Thoughts: Cash App Flip Method
What makes this particular form of Cash App flips scam so atrocious and successful is that it capitalizes on a real and legitimate giveaway from Square itself — and they victimize the people hoping to be selected in the giveaway.
This is another one of those cases of “if it sounds too good to be true it probably is” scenarios. It also seems that the success and popularity of legitimate Cash App giveaways, also fuel the money flipping scammers.
If you have any query, let us know in the comments below!