Is there a PVC charge on Cash App? Find out facts
Is there a PVC charge on Cash App? Should you decide to pay for it, or is it a scam? Kindly stick with us until the end of the article to have detailed knowledge of the topic.
Cash App is among the most popular and convenient ways to transfer and receive money to and from friends, family, and bosom contacts. So with its growing popularity, there are several Cash App scams rampant around that users need to be wary of, ranging from fraudsters who flip cash to scams wherein the fraudsters pretend to be Cash App customer service representatives.
Therefore, It raises the question: What exactly is a PVC charge on Cash App? Is it a fraud?
The PVC fee, previously known as the “clearance fee,” is nothing but a scam. There’s no PVC cost in the Cash App. Please be aware that Cash App doesn’t have clearing fees, nor does it charge this fee to any users. You must disregard the message if you get an email stating that you must pay the PVC fee or clearance fee to flip your money without much effort.
The clearance fee is typically the charge for transfers or receiving funds from or into any application. But, Cash App does not charge any clearance fees. There is no such thing as clearance fee/ PVC charges on Cash App. However, you will find the report of many frauds on the internet under the guise of the PVC charge on Cash App. Scammers request the clearance fee by contacting customers via email and even phone calls, such as cash flipping, scam rentals, advance deposit, or scams claiming to be a payment.
Cash App charges for only business accounts and instant deposits, which is optional. You can transfer funds instantly if you use the instant deposit method. In exchange, it charges a 1.5 percent fee for immediate payment.
This article covers all the information about the PVC charge (clearance fee) scams to ensure you don’t become a victim.
As we go ahead with the article, you will also get tips on ways to stay away from this kind of scam. So, be tuned to find out more about the PVC charge on Cash App.
Also, See: Cash App Fee Calculator
Table of Contents
How does a PVC charge scam operate via Cash App?
The PVC charge scam, also called the scam of clearing fees, is relatively simple compared to other fraud schemes that are rampant through the use of Cash App.
Here’s how fraudsters operate in this PVC scam:
- The fraudster sends the victim an official email with Cash App logo, font, and tag. In the majority of cases, the email appears convincing. It looks nearly similar to that of the Cash App official email.
- Typically an email will state that you have received money via the Cash App and that the transaction is being paid. It is now pending due to the Cash App PVC charge.
- The further email will state that to receive the money that was to be given to you via Cash App, you must pay a PVC fee (clearance cost) of $43 or something around $50 to $100.
- If you are a victim of this scam and agree to pay $43 in exchange for receiving a more significant sum of money, the fraudster will block you within a few hours, and you will not be able to receive anything.
Be aware that the amount an email states you’ll get if you pay $43 PVC is usually much higher than the actual charge. The scammer will lure you with a considerable amount of money. For instance, $600 to $1000 for a clearance fee of $43 to $50 or $100. Does it not sound like a great deal?
Furthermore, you must note these emails often contain clickable hyperlinks. Beware of clicking any of these hyperlinks since they could be the type of phishing attack to obtain your login credentials.
Thus these fraudulent efforts aim to wipe out the Cash App’s account and your bank account connected to the Cash App.
Also, Read: Common Cash App Scams On Facebook
How Do I Report Scams on Cash App?
If you’ve fallen prey to the scams using the Cash App, follow these steps to expose or report the fraud:
- Launch Cash App and log in to your account.
- Find the Profile icon in the upper right-hand corner of your screen. Press it.
- Choose ‘Support.’
- Select ‘Report a Payment Issue.”
- Choose the payment.
- Follow the prompts.
If you’re trying to report a fraudulent account, you can take the steps below:
- Launch Cash App and then log in to your account.
- Look for the fraudulent account using its name, telephone number, email address, and $Cashtag.
- Scroll down and select the “Report” and “Block option
- Select the “Report” option.
- Follow the instructions.
Also, Know: Can You Get Scammed On Cash App Sugar Daddy?
How to safeguard yourself from Cash App fraud?
If you’re concerned about fraud and scams when using the Cash App, there are a few best practices to ensure the highest security and protection to protect your hard-earned money. These are hereunder:
Transactional Verification
The initial security measure you could apply to protect your funds using the Cash App is to enable your “Security Lock” setting. This setting will ensure that every cash-out and payment through Cash App will not get processed without a passcode.
We suggest you activate the notification option within your Cash App account profile so that Cash App can keep you informed by text message or email each time you make a transaction.
Monitor your Cash App logins
As you’re aware, each time you log in to your Cash App account, you will receive an email with a sign-in link. You should change your account’s password if you receive an email with a sign-in link that’s not sought out. Also, you should make sure that you enable the two-factor authentication feature.
If you’re using multiple devices to sign in to the Cash App account, log off of your account once you’ve finished using the application, either using the device you use for personal use or another device.
Secure your email and device
We recommend making a password for the device you use to access your Cash App account if it doesn’t already have one. Also, we suggest activating two-factor authentication if your email service provider supports it to protect your email.
Know the official domain names of the Cash App Team
The Cash App team initially sends emails from the following domains:
- @squareup.com
- @cash.app
- @square.com
Please keep in mind that whenever you receive an email from anyone claiming to be from Cash App, please ignore it if they do not have the domain mentioned above. The Cash App users should never forget that emails come from people behind Cash App and only contain links such as cash.app, square.com, and squareup.com.
Hence, if you receive any email that claims to be from Cash App and has a link to other websites, these are most likely scams, and you should always be worried about them.
Also, Learn: How To Use Cash App On Amazon?
Quick Tips to Beware of the Cash App Frauds
The PVC charge scam isn’t the only scam you need to be cautious of; many such scams are circulating over the Cash App application.
To stay protected from scams like this, you must consider following the below essential tips.
- Don’t transfer funds through Cash App accounts to accounts that are not verified.
- Don’t send money via Cash App to any users you don’t know personally.
- Never send money to anyone who promises any future reward.
- Always verify the recipient’s account to confirm they are the right user.
- Make sure to confirm the details of the recipient before you send money.
Also, Get to know: Why Would Someone Ask For My Cash App Tag?
Would Cash App Return My Money If Scammed With Cash App PVC Charge Scam?
You will only be able to claim your money back from Cash App when scammed with Cash App PVC charge scam If the fraud gets detected before the scammer receives the money. In this case, the Cash App cancels the payment and then refunds it to your Cash App wallet, the linked bank account, or the original payment source.
Furthermore, the only way for you to claim your money back is if the scammer decides to refund it, which is not feasible. Therefore, It is better to protect yourselves from this sort of scams.
Before we wrap up this topic about the PVC charge scam on Cash App, we invite our readers to check out another post published recently on “How to spot a Cash App email scam?”
CONCLUSION
Thus, this is the whole story concerning the report “PVC Charge on Cash App.”
In the end, it is clear that the PVC charge, previously referred to as the clearance charge, is nothing but a rip-off or scam. Cash App doesn’t charge a PVC fee and never requires its users to pay a clearing fee to transfer or receive money.
Simultaneously, the post also provides tips for using the Cash App to protect yourself from common scams.
We are hoping that you will enjoy this informative article. Please don’t hesitate to contact us anytime if you are still unsure or have queries.
FREQUENTLY ASKED QUESTION
What is a PVC Charge on Cash App?
You can term a PVC charge simply as a Clearance Fee. Cash App does not levy any PVC charge. However, if you receive any message or email asking for this charge, ignore it because it is nothing but a scam.
Are There Charges For Using Cash App?
Most of the Cash App features are free of charge. However, the Cash App fee is explicit in the terms and conditions, so they cannot be misinterpreted as PVC charges or the Cash App clearing cost (scam). Moreover, there are instances when Cash App will charge a fee. Cash App charges a fee for instant money deposits, transferring funds with a credit card, ATM withdrawals, and receiving payments through a business account.
Does Cash App have a PVC Charge?
In reality, the answer is NO. The reason is Cash App is absolutely a peer-to-peer free application that allows you to transfer and receive money from contacts. A PVC charge, a clearance fee, is an additional cost you must pay upfront to access the services. But most of the services are free with the Cash App, so it doesn’t require you to clear any fees.
