Cash App vs PayPal: whose terms are worse?

Disputes with PayPal will be resolved through arbitration, not in court. This means you won't be able to sue PayPal or participate in a class-action lawsuit.

If you request a check from PayPal, you must cash it within 180 days or the funds will be returned to your account and you'll lose the $1.50 fee.

If you deposit cash, you'll pay $1 per transaction. Some services are free, like receiving money or sending money within the US.

Cash App can change its terms at any time, and you agree to the revised terms by continuing to use the service.

PayPal can change its terms at any time, and you're bound by those changes if you keep using the service. You'll get at least 21 days' notice if the changes affect personal accounts, or 5 days' notice for business accounts.

Cash App doesn't offer overdraft or credit features, so you can't spend more than you have in your account.

If PayPal's outage or other issue costs you money, the most you can get back is what you paid them last month. This limit applies even if the problem was PayPal's fault.

Cash App can close your account at any time, and you won't be able to use the service anymore.

PayPal can close your account at any time, with or without notice. If this happens, you'll still be responsible for any outstanding fees or debts.

PayPal may ask for your tax ID number or other tax-related information to comply with tax laws. You're responsible for paying any taxes owed on your PayPal transactions.

Cash App collects information about you and your transactions, and may share this information with third parties.

PayPal will keep your money separate from its own funds, so if the company goes bankrupt, your balance should be safe. However, this protection doesn't apply to cryptocurrency holdings.

Cash App may share your information with third parties, such as merchants or other financial institutions.

PayPal may convert your money to a different currency if necessary, using its own exchange rate. You can't use PayPal for speculative trading or trying to profit from currency conversions.

The terms are governed by the laws of a specific jurisdiction, but it's not clear which one.

You can request a refund, but the process and outcome are not guaranteed.

You must be at least 18 years old to use Cash App.