5 best money transfer apps
Looking for the best app for sending money? We got you here.
If you need to make an instant transaction money transfer apps are what you need. They can be used in almost any life situation: paying back to your friends, making purchases, sending money gifts to someone, etc. The cheapest and easiest way to make your hard-earned money to lend in someone’s pocket (you choose whose in this case) is to make simple mobile transactions. There are a lot of apps that can help you these days, each having its own features, advantages, and disadvantages. Here are just the top 5 of them you can consider using.
Venmo – the most popular app to send money
This is one of the best and the most popular ways to send money to other users. This app actually works like social media, where you can see what your friends are paying for in your news feed, like and comment on their transactions. It’s also fun to use, you can change the settings and decide how much you want your friends to see. If you’re using your Venmo balance, a linked bank account, or one of the 30 biggest banks debit cards. Otherwise, as a payer, you will have to pay a 3% fee, as a receiver it will be free for you.
PayPal – the classic money transfer app
PayPal is for big payments. Using this cash app you will be able to transfer up to $10,000. It works in more than 190 countries and supports more than 20 currencies. Thus, PayPal can be used for international transactions as well as domestic ones. It works well with the PayPal balance or a linked bank account, otherwise, the fees will be at 2,9% per transaction plus a flat 30-cent fee.
Square Cash – the simplest app to receive money
Square cash allows you to make transactions knowing only the recipient’s email address. He doesn’t even have to have a Square Cash account. It’s completely free unless you use the business account (charges 3%). You can even share your “$cashtag” for easier access to your payment information.
Dwolla – the best cash app for repeat payments
Swills allows you to make money transactions knowing the recipient’s email address, phone number or Dwolla ID. It’s great in case you need to make thousands of payments at once or make recurring payments. For $250 a month you get access to a range of Serbia for businesses and nonprofits like business next-day transfers, higher transaction limits, and priority customer support. For personal use, it’s totally free now.
Google Wallet – the optimal transfer money app
If you have an existing Google account you can use their Google Wallet service. You also can keep a balance there and link it to a Google Wallet Card which can be used to make purchases. Otherwise, your fee will be 2,9% of a transaction.
There are just so many money transfer apps nowadays that you can use a different one for every occasion, whether you need to pay back your neighbor or purchase a house. Knowing all the best cash apps out there will allow you to find the cheapest way to send money to whoever you need. Do your research first and then convenience the recipient to use that exact service for money transactions.