If you’re reading this post, you probably saw an advertisement for a $100 to $800 Cash App promotion that says you can make a fast $800 bucks just by sending money to someone.
This is one of the most popular Cash App flipping scams out there. And while it sounds great on paper, this isn’t a legit way to make $800.
This post is covering how the Cash App $100 to $800 scheme works, what red flags to watch out for, and some better alternatives and side hustles you can use to actually make money.
What Is The Cash App $100 To $800 Flip?
One of the most common Cash App flipping ideas going around on social media is the $100 to $800 Cash App flip. The idea is that a group of people join a “money sharing circle” or “blessing loom” as it’s often called and then gift someone $100 and reshare the message eight times.
The promise is that you will get eight other people to also share $100, netting you $800 in total, and those people will also reshare the message to others and get $800 as well. However, this is a complete scam.
In reality, the Cash App $100 to $800 promotion pretends to be a gifting circle in which everyone can grow their wealth from the kindness of strangers.
However, as you’ll quickly realize, this is nothing more than a shaky pyramid scheme or scam that steals $100 from people and never deposits more money.
Is The Cash App Flip $100 To $800 Scheme Legit?
The $100 to $800 Cash App flip scheme is a scam and isn’t legitimate. This is because there aren’t enough people in these money sharing circles for everyone to actually get $800. Most people will end up depositing money that is never seen again, and they won’t receive a penny back.
This is just how pyramid schemes work, and the math simply doesn’t work here.
For example, if 10 people join a Cash App $100 to $800 flipping group, that’s $1,000 in the total pool. This means only one person can actually get paid that $800, and everyone else loses money.
Scammers promote Cash App flips on social media all the time to try and steal $100 or more from people at a time. There’s no actual social circle or blessing loom going on; this is just a scam.
However, scammers often post images like the one above where people pretend Cash App flips work, so it can look pretty convincing.
Want to try more legit money-making ideas? Checkout:
- Branded Surveys: Share your opinion and earn free PayPal cash and gift cards!
Are All Cash App Flips Scams?
There are plenty of other Cash App flipping promotions all over social media. The general premise is usually the same; just send someone a certain amount of money, share the message, and you’ll be able to turn an easy profit.
Many Cash App flips start out small with something like $5 or $10. This makes it much easier to scam people since it seems easier to believe and less risky.
Some flipping scams actually do return your money to try and fish for larger deposits. But most of the time, the person you sent money to blocks you and you never hear from them again.
This YouTube video from TapLab provides an excellent overview of how these Cash App flipping scams all work.
As TapLab mentions, most of the time, Cash App flipping scams block you the moment you send money, and there’s 0% chance you actually double your money or make a profit.
How To Spot A Cash App Flipping Scam
The golden rule to spotting a flipping scam on Cash App is that if it’s too good to be true, it is. No one ever sends you free money without some sort of catch, and this entire $100 to $800 Cash App flipping scheme is just a way to steal money from people.
Here are some guidelines to avoid these sorts of scams:
- Never send money to someone on Cash App you don’t personally know
- Don’t follow or engage with social media accounts that talk about Cash App flipping or money hacks
- Always trust your gut and use common sense
What Are Better Alternatives For Getting Cash App Money?
Now that you know how to avoid scams like the Cash App $100 to $800 flip, here are some better alternatives you can consider to get extra cash with this popular payment app.
1. Cash App Referral Bonuses
To qualify, the person you invite needs to link their bank account and send at least $5 within the first two weeks of opening an account. You both get $5 once this step is complete, so it’s some nice, quick money without much work.
2. Get Paid Through Cash App
It’s easy to forget that Cash App is an incredibly easy-to-use payment processing system. So if you want to make money with Cash App, why not sell your services and get paid through it instead of falling for flipping scams?
There are plenty of ways to get started here. For example, you can host a garage sale where you sell your unused stuff and accept Cash App alongside regular cash for payments.
Extra Reading – Cash App Surveys: Are They Legit?
3. Use Cash App Boosts
One more idea to make money with Cash App is to take advantage of Cash App boosts. These are basically digital coupons you can activate before a purchase to score cashback and discounts from different merchants.
Some popular retailers with past Cash App Boosts include:
You can usually earn 5% or more as a discount, but this can add up quickly if you use boosts a lot. And you can also try out other reward apps or a rewards credit card to save even more money.
Extra Reading – The Best Ways To Make $150 Fast.
I hope this guide on the $100 to $800 Cash App flipping scam shows you how this scheme works, why it’s a scam, and what some better options are.
And even if you somehow manage to make money in one of these flipping circles, someone else is losing money, so there’s always someone getting hurt.
Hopefully, you can avoid any Cash App scams out there, and be sure to report the ones you do find as well!
Looking for more legit money-making ideas? Checkout:
Tom is a full-time blogger and freelance writer with a passion for side hustling, passive income, and the gig economy. His work has appeared on dozens of personal finance websites like Money Crashers, The College Investor, Investor Junkie, and more. This Online World is all about providing people with honest ways to make and save more money by using technology. To learn more about Tom, read his About Page!
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