Square’s Cash app rolls out new fee structure specifying a fee for price volatility

posted 9 months ago
Square confirmed that Cash App is rolling out a new fee structure for Bitcoin purchases. Previously, the fees were baked into the spread. The Cash App’s support website now acknowledges fees, writing “Cash App may charge a fee when you buy or sell bitcoin. If so, the fee will be listed on the trade confirmation before you complete a transaction.”

According to the Internet Archive, the same “Bitcoin Fees” page said on March 8, 2019: “You are not charged a conversion fee, or any other fees, to buy or sell Bitcoin through the Cash App.” Additionally, Cash App updated terms on its website “Cash App charges two kinds of fees for bitcoin transactions: a service fee for each transaction and, depending on market activity, an additional fee determined by price volatility across U.S. exchanges.”
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