By Weekly Press Staff
Cash App and Square, two prominent payment service providers, are grappling with a service disruption that has prompted concerns for users relying on peer-to-peer payments, cash card purchases, and other financial transactions.
The service interruptions commenced on Thursday, raising alarms among users dependent on these platforms. Square, the parent company overseeing both Cash App and Square, acknowledged the issue in a status update on the same day, revealing that "multiple Square services" were impacted. While Square assured users that the outages would result in only "slight delays" in money transfers, the inconvenience remained a pressing concern.
In an official statement on X (formerly known as Twitter), Square admitted to the ongoing problems and expressed its commitment to resolving them promptly. They emphasized the importance of maintaining their services for businesses and asserted that they were actively working to rectify the situation.
Data from DownDetector, a service monitoring platform, significantly impacted users. On Friday morning, nearly 1,500 reports of issues with Square's application, website, and payment processing were recorded, marking a substantial decline from the more than 18,000 reports filed the previous night. Concurrently, Cash App also faced challenges, with nearly 1,700 reports highlighting difficulties in fund transfers and other payment-related matters.
As of the latest reports, the exact scope of the outage and the number of affected customers remained unclear. Cash App and Square had yet to respond to requests for comment from concerned users.
Square conveyed its commitment to resolving the situation, reporting that some services gradually regained functionality. They assured users that their engineering teams diligently worked on a fix and vowed to maintain vigilance as the situation evolved.
This service outage has underscored the reliance of countless individuals and businesses on these payment platforms. It has brought into focus the need for robust infrastructure and rapid issue resolution in the digital financial landscape.