The Wealth simple cash App

What I am about to say may be deemed projection. Or Not. In many instances, however, the terms "wealth, portfolio, trading or investments", etc can be very scary. Then along comes Wealthsimple, A fintech company aimed at simplifying said terms. Gamifying I might add.

I am going to touch base on the Wealthsimple Cash app- One of the many apps Wealthsimple has to offer.

WHAT IS WEALTHSIMPLE CASH-(Canadian Venmo/cash app)

Wealth simple cash app is the Canadian version of cash app or Venmo. It is an app to easily and quickly send, request and receive money, on an F2F or peer to peer network and you can also have a small conversation (if desired)when sending money.

It’s a way to send money that’s less hassle than etransfer and has completely leveled the playing field for Canadian influencers, wealth seekers and creators.

Imaging sharing your wealthsimple cash QR code and receiving donations, tips or contributions. I do exactly that when I live stream. The link is broadcast to fans and they happily show love. GAME changer!

Invite your friends and get $10. To top it off your friend also gets $10. No catch. No minimum to withdraw. It’s that easy.

WHY SHOULD I USE THE WEALTHSIMPLE CASH APP?

Besides being overly simple and to the point, there are a few cool reasons to use wealthsimple cash.

• Receive instant cash without riddles and security codes.
• It’s unlimited and free.
• No Account fees
• No foreign exchange fees
• Earn 1% cash back using the Cash Card
• It comes with a handy dandy Black card with chip technology
• The card acts as a credit card without impact to your credit (Prepaid Visa)
• User's money is “CDIC insured up to specified limits.”
• users can control who can find them on the app.
• Add it to Apple Pay or google pay. No need to wait to receive to physical card before adding. Start using the virtual card
• Generate income- I will even go for a bit of a stretch to mention if you are someone with a good network, you can turn nothing into something, or make a dollar out of fifty cents as folk tale would say. If 10 friends were to get started on the app using your link, that would generate $100 income for you. Not only that. when you spend that $100 you'd receive cash back, which you could put into your trade account. Now that is truly making money with zero dollars.

Black & Gold Prepaid Visa

Remember all that cash your friends sent you earlier? Guess what! You don't need to transfer to your bank account in order to spend that cash. With the wealthsimple Prepaid Visa, you can get straight to the fun stuff. The card is completely gorgeous and sleek. It’s is black with a gold chip and logo.

Note: You need to select credit when you insert your card at a terminal.

You can use your card anywhere that accepts Visa. Wealthsimple itself does not have any fees associated with using the cash card, there are some fees however, that may arise, which are charged by third parties and not by wealthsimple. A scenario where this would apply is if you were to use the prepaid card to withdraw funds at an ATM. A standard ATM fee will be charged by the third party (ATM provider).

In addition to the aforementioned, there are countries in which you may not be able to use your card. For a list where the wealthsimple cash card is not accepted click here

HOW TO GET STARTED?

Getting started sending and receiving cash is pretty simple.

1. Download in the Google or Apple Play store.
2. Sign up. BONUS Use Invite UEYGVN code to earn your first free $10
3. Create dollar sign ($) username . For example $imple etc
4. Tap send or Request
5. Request a cash card (Prepaid Visa)

So go ahead. Earn a free no catch, $10, that you can withdraw asap or spend if that's your wish. Well Providing you are in Canada.

Why are there so many Wealthsimple apps?

If you’re new to the wealth simple family, there can be lingering questions. I will briefly mention some of the other apps/services wealthsimple offers, but I will not in depth.

It seems like wealth simple has a solution for every problem. I personally think the only thing missing is an app to fix credit issues. That way all that moola I make from their apps I can buy a house. What’s the point of having money with only okay credit.

Here are a few products/services/resources wealthsimple offers;

• Wealthsimple Invest
• Wealthsimple Cash
• Wealthsimple Trade
• Wealthsimple Crypto
• Wealthsimple tax
• Investing Master Class
• Personal Finance 101
• Portfolio Review Service

It may seem easier to think that it’s better to consolidate all these apps and make it one app. But honestly could you imaging the headache if you’d like to quickly send or receive money but have to Maneuver your way through your investment profile, skip passed your taxes and crypto then try to remember where the send button is? Wheeew. Thankfully the cash app and all other apps are seamlessly integrated while maintaining being separate. Yes. It sounds like an oxymoron but I assure you the prior is accurate.

With the current setup One can open the wealthsimple cash app and simply get to it. Literally only one big obvious button in the middle of the screen which will minimize confusion and lead towards a seamless pleasant experience.

KEY TAKEAWAY

Wealthsimple cash app is a quick way to send and receive cash, earn cash, and spend it how you choose using the prepaid card, or investing it on the wealthsimple platform.