How much is the Cash App fee for $100?

Understanding Cash App Fees for $100 Transfers

Cash App prides itself on offering convenient and generally free peer-to-peer transfers. However, it’s important to be aware of potential fees that may apply to certain transactions.

Free Standard Transfers

For standard transfers between Cash App accounts, there are no fees charged when you link a debit card or bank account as your payment source. This means you can send $100 or more to another Cash App user without incurring any additional costs.

Credit Card Fees

However, if you choose to fund a payment using a credit card, Cash App imposes a 3% transaction fee. This fee is intended to cover the processing costs associated with credit card payments.

For a $100 transfer, the 3% fee would amount to $3. This means that if you send $100 using a credit card, the actual amount deducted from your account would be $103.

Example

Let’s suppose you want to send $100 to a friend using Cash App.

• Standard transfer (debit card or bank account): No fee
• Credit card transfer: $3 fee (3% of $100)

Conclusion

While Cash App typically offers free transfers, it’s important to be aware of the 3% fee that applies to credit card payments. By understanding these fees, you can make informed decisions about the most cost-effective way to send money using Cash App.