Identified Scam:

Cash App Flips May Seem Enticing, But Don't Believe the Hype

One of the most common scams found on the app, this is an attempt to steal your money by promising more in return for a small deposit—like flipping houses but for cash.
Updated 21 April 2021
Cash App Flips May Seem Enticing, But Don't Believe the Hype
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Identified Scam:

Key Finding

Scammers on Cash App promise to "flip" your money if you invest a small amount with them.

Key Risk

Scammers may send you some money back at first to win your trust, but once you send more money to them, they'll take off with your "investment."

Sections on this page
  1. How Do Cash App Flips Work?
  2. How to Beat and Avoid Cash App Money Flip Scams
  3. Examples of Cash App Flips
  4. Fallen for Cash App Flips?
  5. Frequently Asked Questions

Half Venmo, half PayPal, Cash App offers yet another way to wield your wallet online, but the new-age payment option also offers plenty of ways to fall prey to Cash App scams, with the most popular being Cash App flips.

The best way to beat these scams is to simply ignore messages about Cash App flips and certainly don't invest any money into them.

How Do Cash App Flips Work?

This scam promises users that a small investment can be turned into many times more money with little effort. Of course, these scammers are only investing your money in themselves and often run away with your funds before you realize what's happening.

The appeal of the Cash App money flip can be boiled down to three words: Get rich quick. That's the scam's entire basis and what scammers promise victims will happen to them once they send over their money.

But of course, the only people making a profit, in this case, are the scammers themselves.

You Hear About a Great Investment Opportunity

Most likely, you'll see an advertisement on social media. The exact "money-making scheme" can take many forms, but it promises to return a significant profit on your investment with little-to-no effort.

Sometimes, scammers message you directly about the opportunity. Rather than leaning on a business angle, these direct appeals are often disguised as a "charity" run by a nonprofit.

Either way, they tempt you with claims of outrageous fortune, saying that a small investment will return its worth many times over and fast!


I invest and make money by using your money and Cash App you back 5x your original amount. 

  • $10 -> $50
  • $20 -> $100
  • $30 -> $150
  • $50 -> $250
  • $100 -> $500

You Start Talking to the Scammer

If the scammer doesn't message you directly, their ad tells you how to reach them. More often than not, that's through social media. Their pages are usually filled with fake stories about the scammer and the scam itself, talking about how easy and successful the scheme is.

You direct message the scammer, and they convince you that they're worthy of your investment or that the money flipping scheme is legitimate.

You Make the "Investment"

Once the scammer has you hooked, they start asking for money.

In a Cash App flip scam, the scammer asks you to send them money through Cash App. Any profits are sent back to you through the app, as well.

Some scammers start with a small trial investment to win over your trust. That one will "work," with money quickly showing up in your Cash App account. But at some point, the scammer asks for a more significant investment—typically anywhere from $100 to $1,000. That's when the scam really starts to set in.

You Pay "Fees"

Most scammers in these situations charge you a fee for their service—whether it's a flat rate or a percentage of your investment.

To add insult to injury, some scammers also tell you that you must pay a transfer fee to have the money sent back to your account. Sometimes, the story goes that you have to give them money to pay the IRS.

These are all phony claims and only add to the total amount of money the scammer takes from you.

You Never Hear from the Scammer Again

Once the scammer takes all the money from you they think they can, they disappear.

They may delete their Cash App account, block you on social media or simply stop responding to your messages, but either way, they have your money and have no plans of giving any of it back.

How to Beat and Avoid Cash App Money Flip Scams

A Cash App money flip doesn't need to be a flop. There are a few strategies for beating or altogether avoiding this type of scam, including:

  • Not investing in the scheme, no matter how good the deal seems.
  • Never giving out financial information, especially your bank account details.
  • Never giving out your Cash App password or PIN.
  • Never giving out additional identifying factors that can be used to masquerade as you online.

Cash App scammers will contact you within the app itself as well as via your social media accounts, including Twitter, Instagram, and Facebook. To stay safe from scammers, avoid engaging in conversation with anyone you don't know.

You can further avoid running into trouble by:

  • Researching any opportunity you're interested in. That includes researching the person posting it and the actual scheme they're proposing.
  • Running ad blockers on your social media accounts. This won't completely protect you but may limit the number of "get rich quick" scam ads you see.
  • Staying wary of buzz words. Things like "guarantee," "low risk," "high reward," or "fast-acting" are hardly ever what they seem—but almost always red flags.

Unfortunately, with Cash App money flip scams, as with most things, if it looks too good to be true, it most likely is.

Examples of Cash App Flips

This scam really starts rolling when you begin messaging with the scammer. At this point, aside from looking out for the usual red flags like poor grammar and strange turns of phrase, you'll want to keep a few other things in mind.

Sometimes, a scammer directly messages you with an offer that seems too good to be true. 

Example message from a Cash App money flip scammer
Scammers will send you a direct message to try to convince you to "invest." (Source: Quartz)

Once you start talking, scammers do their best to convince you that they're trustworthy. 

They even may try to entice you with other incentives, such as cash for referring others to their services.

Example of messages from a Cash App money flip scammer
Money flip scammers may also encourage you to refer other customers. (Source: Twitter)

And typically, they make Cash App flips seem easy.

Investing is a very complicated process, which can yield all kinds of results. Promising someone "$5,000 for an investment of $500" is far too clear-cut to be realistic. 

Example of Cash App money flipping scam
If a money flip seems too good to be true, it often is. (Source: Reddit)

Don't be fooled if they do send you money. Scammers will often send you back money at least once in an attempt to have you send more money the next time. Most people will only send a small amount of money the first time, for example, $20. The scammer will send back $100 as promised and then encourage you to invest even more to get more back or refer other customers. 

Example of Cash App money flip scam
Scammers will often send you money back the first time to entice you to invest more money, which they will then steal. (Source: The Sun)

Coming across one of these Cash App flips may feel like your lucky day, but try to remember: If these investors were so good at what they did, they wouldn't be advertising their services on social media.


Fallen for Cash App Flips?

If you've fallen victim to a Cash App money flip scam, there's often little you can do.

One of the reasons many scammers have started using Cash App is because it's challenging to get your money back through the platform. Most direct deposit money transfers are instantaneous and almost always irreversible.

Report Cash App Flips to Cash App

It may be possible to take matters up with Cash App directly. The company allows customers to dispute completed transactions made through their cash cards, though it's unclear how much they can help with direct deposits.

Still, you can report the scam with customer service through your app or on Cash App's customer support website.

Report the Scam to Your Bank

You can, and should, also get in touch with your bank, and:

  • Inform them of the situation.
  • Put a stop to any further payments.
  • Cancel any credit or debit cards associated with your Cash App account.

Unfortunately, in these cases, the best offense is a good defense.

Frequently Asked Questions

Can you get scammed on Cash App?

Yes. Cash App has become a popular target for scammers since money transfers are instantaneous and almost always irreversible.

Scammers may use any matter of methods to get you to send them money in a Cash App money flip scam.

In a separate phishing scam, scammers may masquerade as Cash App customer support members to try to get some of your personal, financial, or account information.

How do I get money back on Cash App if I've been scammed?

If you made a direct deposit to someone else, there's often little you can do. Reach out to Cash App customer service or your bank for more details.

If you believe you were scammed when using your Cash App cash card, you can dispute the transaction.

How do I report a Cash App scam?

You can report Cash App scams with the company on their customer support page or directly through the app by finding the "Cash Support" link on your homepage, tapping "Something Else," then clicking "Contact Support."

How do I flip cash on Cash App?

There's no legal and legitimate way to "flip" cash in the way it's presented in Cash App flip scams. There is no one out there who will give you double your money for no reason. Anyone claiming to do so is a scammer.

Are Cash App flips real?

No. Even if the process starts well—you give the person $5, and they return you $10, for example—that will not continue once you start handing over more significant amounts of money.

The only way to make money off your money is by legitimately investing it in the stock market or allowing a certified broker to handle it.

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