Cash App $100 to $800 schemes have been around for a long. Even though there are multiple variations, they all work the same. You receive a message about a quick tip to turn your money from $100 to $800, and they disappear once paid.
Cash App is one of the most popular P2P payment apps in the US. It comes the breeding ground for scammers to try and take advantage of novice users, especially with Social Media sites like Twitter, Facebook, and Instagram.
I’m sure you are here from Google to learn more about the Cash App $100 to $800 scheme.
You can continue reading to learn more about the inner workings and how scammers scam users.
If not, here is the summary, and to avoid wasting your time, there is no such software and tools to double your money from $100 to $800 or even $1000.
Read on for more info on how the cash app $100 to $800 scheme operates.
Can You Turn $100 to $800 on Cash App?
Is the cash app $100 to $800 scheme for real? Can you turn $100 to $800 on the cash app? There is no method and trick to turn $100 into $800 or any amount.
This is a common scam all over sites like Twitter, Instagram, and Facebook. It is one of those get a rich quick schemes that will always end in regret and disappointment.
Even a novice in Investing would know that the easiest way to turn $100 into $800 is by investing your money in a 401(k) or IRA or some other business.
I would rather take that chance than trusting some random strangers on the internet who can miraculously double and triple my money.
If there is such software or an agent inside Cash App, why would they let themselves out rather than exploit and make more money without sharing with others?
The Cash App $100 to $800 Circle Scheme
Here is how the $100 to $800 scheme Circle works:
- The Cash Circle scheme requires participants to pay $100 into Cash App. The participants are promised an $800 return on their $100 initial investment.
- However, the problem is that the participants need to recruit other people to invest $100 to get the $800 money. It also risks getting your account hacked, apart from losing your initial $100 investment.
- When contacted in your DMs or email about joining, the best you can do is to ignore it. No need to reply or give your explanation. Ignore it.
Cash App $100 to $800 Flipping Scam
In this scenario, you are asked to send a $Cashtag $100 and get a return of $800 shortly. They will promise to send you back your money in double or even triple your initial money.
They will try to convince you and say that they have received money from a big company such as Target, and to make it look legitimate and not suspicious, they need you to send a small amount first upfront and pay you the others in cashback.
Cash App has legitimate giveaways, such as their #CashAppFriday and #SuperCashAppFriday giveaways, and they are a breeding ground for scammers.
This scheme is quite similar to the Nigerian 419 Scam. Since you have read this article, it will now be harder to fall for it.
What should I invest in with $100?
Now that you know that the cash app $100 to $800 scheme is a scam let’s discuss what and what you can invest your $100 in
Here are a few best ways to invest $100 starting today:
- Start an emergency fund.
- Use a micro-investing app or Robo-advisor.
- Invest in a stock index mutual fund or exchange-traded fund.
- Use fractional shares to buy stocks.
- Open an IRA.
- Please put it in your 401(k).
I would rather invest in any of the above options than blindly send it to someone who claims to magically double my money and turn $100 to $800.
Do People Get their $100 Back?
Do people get their $100 back after participating in the cash app $100 to $800 scheme? You will be asked to invest $100 and, in turn, receive $800 from other people participating in the circle.
However, this scam is a garden variety Pyramid Scheme called The Blessing Loom, with typically no chance to get their money back in return. They risk losing their initial investment along with the risk of getting their account hacked.
Pet Deposit Scam $800
If it is too good to be true, it certainly is. The most ridiculously one is the Pet Deposit Scam, where the scammer tries to sell you pets (Cats, Dogs, etc.) at extremely ridiculously low prices.
They will then claim to have highly sought-after pets such as purebred cats and dogs.
Here’s the catch, they will ask to send the money with Cash App to hold the pets for you, and since Cash App payments are instantaneously and not on hold, you cannot get your money back once it is sent.
After you have sent the money, you will never get your money back or the pet.
Cash App $800 Phishing Scam
Another common type of scam widely spread on the internet is leading you to phishing websites and forms to enter sensitive information that will risk your account getting compromised.
Most of the Cash App phishing website web admins are aware of and are trying their best to make their site look extremely legitimate and use a valid Secure Sockets Layer (SSL) certificate obtained from Let’s Encrypt and other professional looking designs and logos.
They will then ask for your Cash Ap email or mobile number, followed by a second screen asking the user to enter their OTP.
When you enter a wrong OPT, it will show an error that implies some verification may be happening behind the scenes to ensure the user provides their valid OTP.
Never enter and give out OTP to unknown users or sites. It usually has some verification and impersonation, which is never a good thing, especially on sites you don’t know.
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What is Cash App?
Before I explain the $100 to $800 Cash App scheme, it’s important to know that the app itself is not a scam. Cash App is a legitimate money management app. I use it to get free cash Boosts, send money to friends and family, invest in Bitcoin and stocks, and much more.
It’s easy to set up Cash App on your phone and use it every day. New members can get a free cash bonus for entering referral code JSMTBXW upon signing up.
Use Cash App free money code JSMTBXW to get an INSTANT cash bonus! Just swap $5 with a friend through the app to qualify.
Don’t Participate in The Cash App $100 to $800 scheme.
You might be wondering why it’s such a bad thing to risk $100 for the chance to get $800. After all, it’s not that much if you lose.
Maybe to you, it’s not a lot of money, but most people who fall for this scam are in a difficult financial position. They think that if they could get $800, it would put food on the table or new shoes on their kids’ feet. It’s those people who this method is scamming.
To join in on this $100 to $800 Cash App circle would be preying on the people who are willing to give up their last bit of cash for the hope of a brighter future.
Regardless of whether or not you think the risk is worth it, remember that gift circles are illegal, and it’s best to stay far away from them.
Don’t encourage your friends and family to join in this ridiculous scheme. Instead, see it for the scam it is, and research legitimate ways to flip money.
Many people believe that there is a fine line between real and fake ways to flip money, but as long as you never hand money over to a stranger and trust the people you pay, you have already committed to safely using Cash App.
To conclude, The best and the only thing that comes right to my mind when thinking about the cash app $100 to $800 scheme in a day is to go into a casino and bet your $50 on something that pays more than 20:1, like a single number in roulette.
We can safely conclude that there is no trick to double your money in a snap, and they are trying to let you pay some clearance fee to get your allegedly doubled money that isn’t real.