Financial solutions investment advisor Zakiyyah Muhammad warns that Cash App scams are becoming more prevalent, particularly targeting elderly retirees and young users. By understanding common ...

The Better Business Bureau received the scam report earlier this month. The man said that he purchased a truck topper from Global Ways Logistics using Cash App, a peer-to-peer payment method.

The owner of Cash App has been ordered to pay up to $120 million to victims of fraud on its payments platform on top of a $55 million fine, the Consumer Financial Protection Bureau said Thursday.

Cash App is particularly popular with Black and Hispanic users, as well as those younger than 50. Along with similar payment tools, it has long been subject to complaints about fraud and scams.

Cash App had $283 billion of inflows in 2024, and 57 million monthly users at year end, a regulatory filing shows. Reporting by Jonathan Stempel in New York. Featured Weekly Ad.