Does Cash App Work in Canada? Cash App Alternatives For Canadians
Does Cash App work in Canada?
The wide usage of Cash App in the United States and the United Kingdom has compelled people overseas to demand its usage and many Canadians, too, are in this list. Well, unfortunately, Cash App is not available in Canada and it is not exactly known when it will be, but we do provide a number of alternatives for those living in this region.
If, and only if, you are living in Canada but you are sending and receiving money from someone living in the United States and you also possess a US phone number, then it is possible for you to have a Cash App in Canada. People who are American citizens or who have friends in America will have details about Cash App’s peer to peer payment services under such conditions.
To fulfill the eligibility requirements for Cash App, you will have to be a US citizen, be of 18 years of age or above, and should possess a US cell phone number. Only under these conditions will you be able to register yourself for a Cash App account.
Alternatives of Cash App in Canada
You don’t have to worry at all if Cash App isn’t available in your region, as Canada provides a lot of other diverse options for money transfer like:
- Interac e-Transfer
- Wealthsimple Cash
- Mogo App
- Wealthsimple Trade and Wealthsimple Crypto
Will Cash App be available for Canadians?
Unfortunately, there are very minimum to no chances that the Cash App will be available for Canadians in the near future. Three basic reasons hide behind this statement.
Number one, Canada already has a Interac e- Transfer system in the country, which is a very reliable and safe mode of money transfer which only involves the recipient’s phone or email address for direct deposits. This method is used by many Canadians in the country so there are very few chances that Cash App would prove to be successful there.
Secondly, the United States has a large number of banks which already accept various peer to peer payment systems and so the need for third party sites like Cash App do exist there.
Thirdly, Canada has very strict bank rules and regulations regarding customer protection, and has severe data privacy laws with well-regulated jurisdictions. It is because of these three reasons that Cash App isn’t available for Canadians.
Cash App only works in the United States and United Kingdom and if you desire to send money to someone except these countries, it is not possible. With the strict Canadian rules and regulations, there are very minimal chances that Cash App will ever be available in Canada. There are other services like PayPal and MoneyGram which can be considered as a good alternative for Cash App.