Security is now a major significance in our fintech world, where technology and finance are the drivers of our incredible journey. And one way of increasing security on our finance platforms, is to intergrate the approval method.
Right now, there are thousands of Mobile payment apps, but not all of them are considered very popular or very much recognized worldwide by popular banks. But some are very much recognized and very popular too, with the likes of Cash App, PayPal, Venmo, Zelle, Transfer Wise, WorldRemit, and many other options.
And most of these very popular apps or services have implemented the approval method in their platform: That is, after a transaction is launched, you has to do the payment have to approve it before it is completed. They are considered or known as Pending payments.
Well, today we will be looking more at Cash App (a very popular money transfer app in the US), and will be showing you how you can accept your pending payments on cash app.
Accepting Pending Payments On Cash App Seamlessly
How Does Cash App Work?
Cash App is a mobile transfer app that works in sending and receiving cash from one person to another or from one account to another. And some people also do store cash temporarily in their cash app accounts for subscriptions like NetFlix, Spotify, and many others.
But when you want to make a payment or when someone wants to receive money, they can initiate a deposit from your account. This will make that a message will come to you asking if you approve that transaction or not.
Also, if you want to purchase something online, or you have a friend that needs some money, or something like that, you can use Cash App as the means of sending the money.
Reasons For Pending Payments On Cash App
- The first and the main reason why cash app drafts payments is due to security. When Cash App notices a fraudulent activity or a fraud account, they won't send your money directly, and it will keep their customers safe from scam or fraud.
- Unusual activity can also cause pending payments on cash app. When unusual activities like making large payments to an unusual recipient, then cash app may draft your payment for approval before completion.
- Another issue could be at the level of the verification process. Every cash app user needs to have a verified account before making transactions. And failure to have a verified account, will cause a limited account, and hence pending payments may be included.
Easy Way To Approve Pending Payment On Cash App
To accept a pending payment on cash app, follow the steps below. They are;
- Open your Cash App on your Phone or device (and log in if not yet logged in).
- Go to the “Activity” tab from the clock icon located at the bottom-right corner of your screen.
- Right Under the “Pending” tab, you’ll see all the pending transactions.Where you will see an "Accept" button next to all the pending payments.
- Click on “Accept” to accept the pending payments and receive the money to your Cash App wallet.
- When you select accept, a pop-up will show on your screen asking to confirm that you would like to receive the payment from the user.
- Select the “Confirm” button from the bottom of the screen.
- Click on “Done” to accept the pending payments on Cash App.
Keep in mind that Pending payments will remain there for about 24-48 hours, that is, about 1-2 days. And after that period, the payment pending will disappear and the funds returned to the original account.
Cancelling a Pending Payment on Cash App
Well, the same way you will want to accept a payment, that is the same way you might also want to deny the transaction maybe because you have confirmed that the transaction was a scam.
Well, to concel it, there are two ways to do it, which you can easily just leave it the same way it is until when the transaction expires, or you can just continue as the process above, but intead of accepting, you instead cancel the payment and then you are good to go.
Wrapping Up this guide on Cash App Pending Payment
With the increased number of scams and online theft, Cash App and several other online money transfer services have implemented the payments pending feature, where they slow down transactions for approval if they notice unusual behaviors.
Well, what you should remember from this is that Cash App do this because of security reasons and these security reasons are so that your money is safe. And if you are in this situation, you should review the payment very well before approval.
And if you notice that it is not a legit transaction, then you can go ahead and cancel it too yourself. You can still help your brother or anyone by you by sharing them this article so that they can also know how to accept or deny pending payments on their cash app account.