Want to know how to send money on Snapchat? This piece will take you through everything you need to know.
Snapchat is among the most popular social media platforms, with 332 million daily active users in 2022. And this vast number of people get to benefit from its amazing features. Among them is the Snapcash feature that lets you send money to people on your contact list.
Launched in 2014 in partnership with Square, Snapcash is among the easiest-to-use online payment methods that you can use today. And it takes just a few simple steps to set up Snapcash and send money.
So, what are these steps? Read on to learn how to send money on Snapchat so that you start making Snapchat transactions today.
Table of Contents
Best Way How to Send Money on Snapchat?
It's now possible to use one of Snapchat's features to send money. That is because Snapchat has a Snapcash feature that helps you conveniently send money to family members and friends.
And the beauty of it is that you only follow a few simple steps to send the cash. With just a simple text, the transaction is complete.
To send money on Snapchat, you need to have a contact list. The list should include the friend or family member you want to send money to.
First, swipe to start a chat with the Snapchat contact that you intend to receive the money. Then wait for the text window to open before you proceed.
Add the amount of money you want to send this specific contact in dollars. For example, you can type “$10” to send to cousin Cindy through Snapchat transactions.
Snapchat can identify the $ symbol and understand that you intend to send money to someone. So, at this point, the yellow button turns green. This green Snapcash button will allow you to send the amount you type in the message. Tap the green Snapcash button to complete sending money on Snapchat.
If this is your first time using the Snapcash feature to send money, Snapchat requires you to link Free Visa Debit Card. It's also possible to link a Mastercard to your Snapchat account.
Add your details to the prompt on your screen so you have a linked debit card. Start by filling in the debit card number, followed by the expiry date. Next, Snapchat requires your CVV and ZIP code to complete the link.
A Snapcash recipient will get a notification on their phone with information on the money you've sent to them. Their next move must be to accept the payment. This is possible by linking a visa debit card to their Snapchat account.
Snapcash requires the person you intend to receive the money to complete this process within 24 hours. After which, the recipient is able to withdraw the money after completing the few steps. If they delay withdrawing or don't link the card, the funds are transferred back to the sender's bank account.
Snapcash is among the most reliable online payment services that you can use.
See related: Reasons your Debit card Declined (How to Fix)
How to Set Up Snapcash on Snapchat
As the number of online payment services grows, a recent addition is called Snapcash. It lets you send money at the tap of a button, adding convenience. The Snapcash feature ensures Snapchat account holders transact easily.
Anyone who wants to complete Snapchat transactions first has to set up Snapcash. The following are the simple steps necessary to send money through Snapchat.
- Launch Snapchat on your phone or tablet
- Tap the Bitmoji that you find on the top left corner of the main camera screen
- Tap on the settings icon. This is on the top right corner
- Once you see ‘My Account,' tap on Snapcash. This will expand the options on your screen.
- Tap to add a visa debit card before you start making Snapchat transactions.
- Add all the necessary details to link your visa debit card with the Snapchat account.
- Select to require adding the CVV each time you transact as a form of cash pin.
Are there Moments when Snapcash Transactions Don't Go Through?
Online payment methods, including Snapcash, can sometimes hit a snag when trying to complete transactions. If a transaction does not process, here are a few issues to consider.
First, this might be an issue with the CVV. Adding your debit card to online payments methods requires including your CVV. If you change your visa debit card, also ensure to adjust the CVV you add to your Snapcash account. Only by updating your CVV can Snapcash transactions go through.
Second, the person to receive the money doesn't have Snapcash. The only way to use Snapcash to send money successfully is if you and the recipient add this feature. Ensure they activate the payment system before you send the money.
Third, using the wrong money symbol or adding punctuations to the money. All you need to do is add the $ and the amount to send. Ensure you only use the dollar sign and not any other punctuation mark.
Who Can Use Snapcash?
Snapcash is only available to users in the US. You must be 18 years old and above to activate this cash transacting feature. In addition, Snapchat requires every user to have a valid visa or Mastercard debit card.
As a potential Snapcash user, it's prudent to have the platform active on your phone. Only Snapchat account holders can use Snapcash to send or receive money.
The feature intends to roll out in other countries. However, for this to happen, square cash must be launched in those locations.
Square Cash or Cash App is among the most trusted online payment methods that are available today. This allows mobile phone users to send and receive money once they tap to pay on their phones.
See Related: How to Make a Public Profile on Snapchat Account in Just Simple Steps
Can One Link a Credit Card to Snapcash?
No. A Snapcash account will only accept a debit card. This can be a visa debit card or a master debit card. This is important to note as you consider how to send money on Snapchat.
It's better to use other online payment methods if you want to link a credit card. A good example is Cash App, which has valuable cash app settings that allow linking to credit cards.
As you plan to send another person money using Snapcash, they must be willing to set up a Snapchat account. After that, they can link a visa debit account to the Snapcash account and receive the money.
See related: How to Make Money on CashApp
Is Snapchat Free?
Many people wonder if the social media platform is free. The excellent news is Snapchat is a free social media messaging platform.
It's a popular platform with millions of users from across the world. As a potential user, you must download the Snap app on your phone and create an account.
After that, you can enjoy the many cool Snapchat features, including Snapcash. Many people prefer Snapchat for its disappearing messages and pictures. This temporary content makes sharing silly images, videos, and texts easy.
But, Snapchat also has the option of storing the content that you share. Hit the ‘Memory' feature to save the images and videos you share on this platform. Snapchat has numerous features that require time to understand how they work.
Is Snapchat and Snapcash Safe?
When activating Snapcash, you must link a visa debit card to your Snapcash account. This raises many security concerns for many people. Adding financial information to an online platform is best done with caution.
Snapchat started as having strong security features that safeguard users' data. Snapchat uses fraud detection technology and cutting-edge encryption.
However, in 2019, there were concerns after a report surfaced on data security abuse by Snapchat employees. At that time, different Snapchat internal tools allowed employees access to private user data.
FAQ
What is the use of Snapcash?
To send money to people on your Snapchat contact list.
How do I enable Snapcash?
To enable Snapcash, you first need to click the “Compose message” where you'd chat normally. Then, key in the dollar sign, followed by the amount you want to send, and tap the green ‘Pay' button. Then enter your debit card details to complete the transaction.
Do I need to have a Snapchat account to receive money?
Yes. To withdraw money from Snapcash, you must have a Snapchat account. As a recipient, you also must have a debit card and be over 18 years old.