Cash App - “paid by people you know” - what does it mean?

Cash App is a popular payment app that allows users to send and receive money quickly and easily. But what does the setting “paid by people you know” mean in the app? Let's take a closer look.

What does “paid by people you know” mean on Cash App?

If you go to a specific contact in the Cash App, you'll see a setting that says "paid by people you know." This setting is simply some metadata that provides additional information about the contact. Specifically, it lets you know if someone you know has already paid or transferred money to that person.

Why is “paid by people you know” important?

The “paid by people you know” setting can add a bit of security to the contact. It serves as social proof that the person is a legitimate contact and not a scammer. If you see that someone you know has already transferred money to that person, you can feel more confident that it's safe to do so as well.

If you don't see the “paid by people you know” setting, it may raise some suspicion about the contact. For example, if the person just created their account yesterday and hasn't been paid by anyone you know, it could be a red flag if you're planning to transfer a large sum of money.

How to use “paid by people you know” on Cash App?

To use the “paid by people you know” setting, simply go to your contact's page on the app and look for the setting. If it says “paid by people you know,” you can feel confident that the person is a legitimate contact. If it doesn't say that, it doesn't necessarily mean the person is a scammer, but you should exercise caution before transferring any money.

Conclusion

In conclusion, the “paid by people you know” setting on Cash App is a useful feature that provides an extra layer of security when sending and receiving money. By knowing if someone you know has already transferred money to a contact, you can feel more confident that it's safe to do so as well. However, it's important to remember that this setting is just one piece of information to consider before transferring money, and users should always exercise caution and use their best judgment when sending money through any payment app.