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Deposit percentage
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07/20/20 01:32 AM
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#11404 - 07/19/20 09:59 PM Re: Deposit percentage [Re: John_Bolton]
Mistress Ayn Online   content

Sage

Registered: 10/13/15
Posts: 1047
Loc: Atlanta, GA
There is a fee if the receiver wants the money transferred instantly to their bank. Otherwise the companies hold onto your funds for a couple of days before sending it the free "standard" way and they make money by using your money for free during the float.
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#11409 - 07/20/20 01:32 AM Re: Deposit percentage [Re: John_Bolton]
DommeLynx Online   content

Artisan

Registered: 07/09/19
Posts: 56
Loc: Jersey City, NJ
Originally Posted By John_Bolton
If Cashapp is free, what is the hidden cost? I don't think someone like Jack Dorsey just creates an app like that out of the kindness of his nonexistent heart. What is he using the data for?


Cashapp makes most of their money by charging businesses, not individuals. Being free to individuals makes it widely popular which then puts pressure on businesses to spend the money to use it.


Edited by DommeLynx (07/20/20 01:33 AM)
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