Can I increase the transaction limit by identity verification?
Admitn 28-Dec-2020
With the help of digital mobile payment systems, it has become quick and easy to send o to receive money. Internet and cash app account is needed for the money transfer process. Cash app is an advanced and secure app that ensures money transactions between two parties. Right from buying anything at stores to direct deposits, there is a long list of benefits that you will get from a cash app account. If you are not able to verify the account to find your identifier number on the cash App then feel free to connect with the techies of the cash app team. Just dial the helpline number for instant and precise assistance.
?How do I verify identity on the Cash App?
On Cash App, you send an amount of $250 within any 7 days. Similarly, the receiving transaction limit is up to $1,000 for 30 days. With an unverified account, you can send more money through the cash app. But, there is a simple way to increase these limits which is by verifying your identity. For this, the process you need to keep important details handy with you such as your full name, DOB, and the last 4 digits of your SSN.
If you don’t know about verifying the identity then you can seek technical assistance from the cash app team. First of all, you will have to open your Cash app on your phone. If you’re making transactions that exceed the limit then you will be automatically asked to go for the identity verification process. If not then you just need to click on the profile tab. After this step, you will have to scroll down to the page to select the menu option. Then, the user needs to tap on “support”. On the next page, you need to click on “verify identity pending”. When you reach the verification page, you’ll have to confirm your full name and some more details. In the last step, you’ll be asked to enter the last 4 digits of SSN. In this way, your account will be verified.
FAQs
What is the identifier number on the Cash App?
If you want to know about the $Cashtag then it is the identifier number on the cash App that is used while sending or receiving money.
If you want to change your $Cashtag then go through these quick steps:
- Click on the profile icon on your Cash App home screen and then select “Personal”
- Again, click on the $Cashtag field
- Here, you will be asked to select a new $Cashtag
- After changing it, you need to click on “Set to confirm”.
Why do I have to verify my identity on the Cash App?
The only reason for which you’ll have to verify your account is increasing the transaction limit. If you have got an unverified account then you cannot send more than the cash app limit. For huge money transfers, you are needed to verify the identity on the cash app.