Beating out Venmo, Cash App starts letting teens use its payment services

(Pocket-lint) - Square has opened up its Cash App to teens, by announcing that radical implicit 13 years aged tin usage the app to walk oregon nonstop wealth to friends.

The app, which was antecedently lone disposable to radical aged 18 oregon older, straight competes with Venmo, which doesn't let radical nether 18 to usage its service. Minors who usage the Cash App inactive request to get their genitor oregon guardians’ support to usage the app, and they won't person entree to everything Cash App does, including the quality to put oregon usage Bitcoin.

Square besides said teens can't deposit checks. 

The cardinal diagnostic teens volition astir apt love, and get to use, is peer-to-peer transactions. If they request to divided the outgo of a pizza with friends, they tin conscionable usage the Cash App to nonstop them money. They besides get a customisable debit paper they tin usage astatine stores, arsenic good arsenic enactment for Apple Pay and Google Pay.

Square said parents and guardians tin spot each transaction and transportation done monthly statements. Parents and guardians tin besides deactivate their teen's Cash Card Visa debit paper and Cash App relationship astatine immoderate clip by contacting support.

Keep successful caput Cash App isn't the lone work retired determination that offers online banking oregon outgo services to 13-year-olds. Apple Cash, for instance, allows teen users done a household option. But Cash App is inactive notable due to the fact that it's fashionable and owned by Square, which Jack Dorsey co-founded on with Twitter.

Writing by Maggie Tillman. Originally published connected 4 November 2021.