This is the first question that arises in your mind only at the time when you have sent money mistakenly. You cannot undo the transaction made on the Cash app. So, it is important to be careful at the time of making payment. First of all, it is important to type your bank details correctly. Otherwise you will not be able to add your bank account successfully. After this we would request you to recheck the details while sending money to any person. It will be an icing on the cake for your friend if money is wrongly sent to your friend’s account. It is also possible that they will refund a payment on your Cash App account. But what happens if it goes to some unknown person’s account. Then it will be a huge loss for you and your money.
Though we are humans, and mistakes can happen to anyone. So, the Cash app is available with the refund feature where you can ask for a refund of your money. Apart from this you can also refund other persons’ money with few clicks on your mobile device.
To make a refund in the Cash app application you have to follow these steps:
- Tap on the “Activity tab” available on the home screen of your Cash App application.
- Select the payment to refund.
- Tap on that payment
- Select “Refund”
- Press OK and the amount will be refunded back to the source account.
If you have done any wrong payment then you can ask the recipient to follow these steps on their Cash app to refund back your amount. Prior to following these steps, make sure to check for the cancellation option at your end if the payment has been done by you.
Reasons to ask for a refund a payment on your Cash App account: There are several reasons for which a person can ask for a refund. It’s a high possibility that someone has made it mistakenly. It is also likely that they have noted down a wrong bank account number due to disturbance in hearing. Further, You can also use the Cash app refund payment option to return back the money you have taken from them.