CashDrop   

Terms of Service

Effective: October 24, 2024

CashDrop App is a Person to Business and Business to Person Payment Platform and the Sole purpose of this platform is to be used in the United States.

All necessary provisions are in place to prevent them from being used outside the United States.

CashDrop is a mobile app platform DBA, named part of CASHDROP DIGITAL WALLET LLC, which allows approved customers to send money to approved business accounts and vice versa. It does not allow person to person payment or any kind of connectivity.

In order to use the payment functionality of our application, you must open a "Dwolla Account" provided by Dwolla, Inc. and you must accept the Dwolla Terms of Service and Privacy Policy. Any funds held in or transferred through your Dwolla Account are held or transferred by Dwolla's financial institution partners. You must be at least 18 years old to create a Dwolla Account. You authorize us to collect and share with Dwolla your personal information including full name, date of birth, social security number, physical address, email address and financial information, and you are responsible for the accuracy and completeness of that data. You understand that you will access and manage your Dwolla Account through our application, and Dwolla account notifications will be sent by us, not Dwolla. We will provide customer support for your Dwolla Account activity, and can be reached support@cashdropdigitalwallet.com or 307-337-6685.

These CashDrop Terms of Service (the “CashDrop Terms”) are a legal agreement between you, as a current or prospective user of the Services, and CASHDROP DIGITAL WALLET, LLC (hereafter, "we", "our" or "us"), and governs your use of CashDrop, A Mobile Customer to Business and Business to Customer Payment platform offered by Travis. If you are using the Service on behalf of a business or entity, you acknowledge and agree that you have authority to bind such a business or entity and that such business or entity accepts these terms. By using the Service, you agree to be bound by these CashDrop Terms and any policies referenced.

Please note that you should review all CashDrop Terms carefully, including those provisions which limit our liability and those regarding individual arbitration for potential legal disputes.

Interest

CahDrop does not give any interest on the money/balance in the Customer or Business Account Digital wallet.

Minimum Balance.

Business or Individual Customers do not need to maintain any minimal balance and there is no additional monthly or annual charge of not maintain any balance in the CashDrop Wallet.

Services and Features.

CashDrop is Person to Business (P2B) and Business to Person (B2P). It is not a (P2P) payment platform. This platform is designed for a very specific industry segment. Person/Individual can download the app and individuals will not be able to use it until CashDrop provides approval. Similarly, any business trying to use the platform needs to contact the CashDrop Support team and CashDrop support will provide guidance to be onboard and. This is not an open platform where any customer or business can use it.

Individual/Person can download the app and register and then, after electronic approval can link the bank account and should be able to do following

1. Add Cash in Digital Wallet

2. Send money to only business account ( Instant or 1-3 business day) 

3. Redeem or Cash out from Digital Wallet to Bank Account.

Business Entity can download the app from the App store and register by communicating with CashDrop Support Staff and after all approval can do the following.

1. Receive money from Individuals.

2. Send Money to Individual

3. Cash Out from CashDrop Wallet to Bank Account
   
   

Opening Fees.

CashDrop has no  opening fees to any Individual or Business Account.

Fees Charges on CashDrop Platform

CashDrop help desk

support@cashdropdigitalwallet.com 24x7 and all 7 days

Phone Number: 307-337-6685