Swindlers will say that they have the ability to “flip” your money, promising that they will increase your money if you first send them funds (sometimes they will call this a “clearance fee” or “account verification”). These con artists will take your money, but they won’t provide you with any goods or services in return.
If a consumer sends a message to the profile, they will receive a response with instructions on how to put money on a prepaid debit card from a local convenience store and then share the card number and pin with this “investor,” and then this “investor” will flip the money for the consumer. If a consumer is interested in this service, they should message the profile.
Scammers who use the Cash App may try to win their victims’ trust by tricking them into investing a small sum of money in an initial test flip. Therefore, they may ask a user of Cash App to send them $10 or $20, and in return, they will send the user back $30 or $40. This insignificant sum is all that is required to convince their victims that the money flipping offered by Cash App is the genuine article.
What is this, exactly? Scammers who use the Cash App will frequently make the offer to “flip” or increase the amount of money you send them in exchange for an initial payment of a smaller sum. Typically, they will tell you that they need to verify your identity in order to complete the transaction, or they will tell you that there are taxes or fees associated with the transaction. Don’t give in to the trap!
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In the event that a payment is suspected of being fraudulent, we will reverse it so that you are not charged for it. If this occurs, the money that you had in the Cash App or in the bank account that it was linked to will be returned to you immediately. In the event that they are not, they should be available within one to three business days, depending on the bank that you use.