Cash app currently has over 50 million users and it has been widely popular in the US and North America. With a notable surge in its usage, online transactions through the cash app have also increased, directing businesses to accept money through the cash app. Therefore, you should know everything about the cash app no matter whether you do frequent money transfers or once-in-a-while transactions using this app.
Diving deep into this topic, businesses having software-based work usually have confusion over whether they can accept cash app money or not. Some of them may know it can be done but might be unaware of how to do that. Anyway, worry not if you have similar doubts because we will clear them all in this blog. So, give it a full read.
What is Cash App?
The Cash App (formerly known as Square Cash) offers online money transfers from one user to another in a fraction of a minute. You can simply borrow money from someone you may know or transfer some amount to any individual’s account real quick. Cash app users can even purchase bitcoins or stocks anytime. Additionally, you can even import payment transaction details whenever you want to file tax returns.
The cash app does not charge you a single penny regardless of how much amount you send or receive. Mainly there are two ways to get money: Borrowing from someone (sending a payment request) or accepting money sent by third parties (approving a request).
Why is Cash App Pay So Important?
Cash app plays a crucial role in your entrepreneurial journey as it works as a digital solution to boost your financial transactions. With the cash app, you can pay your expense bills online without stepping out of the office. The cash app saves time for freelancers or independent contractors who prefer direct payment using mobile technology.
Moreover, tech enthusiasts or software users also find it important because they can initiate a quick transaction anytime. They can integrate the cash app with any software or tool and get paid faster without any follow-ups. This way, the cash app makes it easier for those who want a smooth payment process to improve their cash flow.
Another reason for the Cash App’s growing demand is its user-friendliness, allowing non-tech users to seamlessly transfer money. In short, it’s a cutting-edge solution in high demand for modern businesses.
How to Receive Money From Cash App on Moon Invoice
Those businesses using advanced software can accept the money in the form of cash app pay. If your business considers Moon Invoice as its primary accounting software, then you too can seamlessly receive money through the cash app. Below is a step-by-step explanation of how to receive the cash app pay using Moon Invoice.
- Log in to the Moon Invoice application on your smartphone or in the web browser and select ‘Companies’ from the menu options available on the left side of the screen.
- Scroll down a bit and you will see ‘Payment Methods’ from which you can choose ‘Cash App’.
- Now, click on the edit icon and fill in the necessary details to complete setting up the payment method.
- Then, go to Sales > Invoices and create a new invoice or check the existing one. You can find Cash App added as a preferred payment mode.
- Later, you can share the invoice with your clients via WhatsApp or Email, requesting them to click on the ‘Pay Now’ button to accept cash app pay.
So, that’s how you can receive the cash app money in just a few clicks on Moon Invoice. Apart from the cash app, you can also set different payment methods as per the client’s preference and expect faster payments. Moon Invoice provides multiple payment gateways so that you don’t experience any delays in payments.
Choose Software That Gets You Paid Faster
Whether your clients prefer Cash App pay or any other payment method, Moon Invoice makes sure you get paid in a timely manner.
Who Accepts Cash App Pay?
Mainly those businesses or startups established in the US and the UK can accept money from the cash app. The cash app pay is not available in any other markets which means businesses operating in other countries can’t accept money through the cash app. Notably, you must register your business and form a legal entity to become eligible to accept cash app pay as your standard payment method.
If you are running a business as a sole proprietor, then you need to provide a social security number (SSN) along with supported bank documents to enable cash app pay. Hence, individuals running registered businesses across the US and UK can only accept the cash app pay.
Final Words: Try Accepting Cash App Pay on Moon Invoice
Now that you know how to receive cash app pay on invoicing software, Moon Invoice, why don’t you give it a shot? Moon Invoice has not only made your invoicing job simpler but has also provided multiple payment options, helping you get paid in a timely manner. With Moon Invoice, you don’t need to perform any tedious tasks.
All you need is to set up payment options and simply request clients to complete the payment without coming out of their comfort zone. In short, you no longer need to worry about in-hand cash hassles or chase any unpaid invoices. Grab free access to Moon Invoice for limited days and try accepting cash app pay.
FAQs
Jayanti Katariya is the founder & CEO of Moon Invoice, with over a decade of experience in developing SaaS products and the fintech industry. He holds a degree in engineering. Since 2011, Jayanti's expertise has helped thousands of businesses, from small startups to large enterprises, streamline invoicing, estimation, and accounting operations. His vision is to deliver top-tier financial solutions globally, ensuring efficient financial management for all business owners.
