Cash App's New Pay-Over-Time Option: Flexible Cash Flow
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Cash App introduces new pay-over-time option for transfers, allowing eligible users to spread payments on sends of $25 or more. The service charges a 7.5% fee upfront, with loan amounts varying based on transaction size and Cash Apps responsible lending checks. This move caters to the needs of young gig workers and entrepreneurs dealing with uneven paychecks. Cash App emphasizes built-in safeguards to prevent debt cycles, aiming to provide flexibility in todays hustle economy.
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