Square opens Cash App for people over 13


Square announced that people over 13 can use Cash App to deposit and spend money or send it to friends. The app was previously only available to people aged 18 or over, and although minors will need to get permission from their parents or guardians to use the app (and this parental figure will have significant oversight), they’ll still be able to use some of the app’s most popular features.

Teens won’t be able to do just anything with Cash App, however – they will not have access to the investment or Bitcoin features, despite Jack Dorsey’s passion for crypto, and Square says they won’t be able to deposit checks. The latter really looks like a miss, as I remember getting a lot of vouchers as gifts or as payment for odd jobs when I was a teenager. However, the app will give them access to the peer-to-peer transactions that made the app famous, as well as a customizable debit card that they can use in real locations and Apple support. and Google Pay.

One of Square’s biggest competitors, Venmo, doesn’t allow people under the age of 18 to use its service, although it is apparently testing a similar debit card aimed at teenagers. However, the Cash app is far from the first to offer online banking or payment services to 13-year-olds: Apple Cash has a family option that you can use with Apple Pay (although there is no have no physical debit card option), and there are a host of online banks that offer checking accounts for teens, with parental supervision. Children’s accounts are also often offered by more traditional banks and credit unions.

Still, the popularity of Cash App (especially on Twitter, also founded by Jack Dorsey) could make it the choice of teens. Of course, teens aren’t the only people Square needs to convince – minors always need permission from their parents or guardians to use the Cash App. After obtaining it, the parent or guardian will technically be the legal owner of the account (the teen will be an authorized user), and they will be able to see all the transactions made.

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