We live in a digital world now and the process of sending and receiving money has also gone digital. Cash transactions continue to be on a decline, continuously being replaced by innovative new ways to transfer money from one person to another.
With more and more people using smartphones, it is no surprise that there are so many applications that can be used to send and receive money. One of these phone apps is Cash App.
It is a reliable app that helps you to carry out basic banking processes with just your smartphone. It is definitely one of the best options for you if you’re looking for an app that will allow you to exchange money with friends and business associates.
There are also other apps like Cash App that can be employed to carry out a vast range of financial transactions. If you’re looking for an alternative to Cash App, here are the best options for you:
Venmo is a popular smartphone app that is owned by the big payment processing platform, PayPal. It is an app that is used to execute money transfers and other financial processes. What makes it different from PayPal itself is that it is more tailored towards social sharing.
Venmo stands out as one of the best alternatives to Cash App because it doesn’t charge a dime for money that is sent straight from your bank account. If you’re, however, using a credit card for the transaction, you’ll have to pay a 3% transaction fee.
This is another service that is offered by the search engine giant. It is perhaps the simplest way to send money via a mobile device as the recipient doesn’t even need to download the app to get the sent funds.
Once you’ve entered your bank information or credit card details into the app, you’ll be able to send money at will to anyone. The receiver does need to have a Google account that is linked to a credit card or bank information. Without this, a transfer won’t be possible.
The maximum amount you can send via Google Wallet is $9,999 for a single transfer or $50,000 in 5 days.
While this app is renowned for facilitating social media activities like chats among friends and families, it can also be used to perform a vast range of other activities. One of its vast uses is the transfer of money from one person to another.
By just pressing the $ symbol in the app and adding your debit/credit card details, you can send money directly to any Facebook user. The recipient will also have to enter his or her card details to have access to the money.
This app lets you transfer small cash to your family and friends at no extra cost. The transfer can be done whether or not you have a Square Cash account, as long as the recipient has one.
You are, however, only able to transfer a maximum of $250 per week directly with Square Cash or $2,500 if you make use of the short verification process.
It can also only be used if you reside in the US and is not available to international residents.
Dwolla is an innovative app that is specifically used to send money straight from your bank account to any recipient. You are charged a nominal fee (25 cents) for any transfer that is above $10.
The recipient is, however, required to have a Dwolla account for the transfer to be a success. If he or she doesn’t have one though, a sign-up form is sent to the person along with the funds.
This is another money transfer app that allows you to send money to a recipient with relative ease. This app can only be used if you and the recipient have an account in any of the following banks: Wells Fargo, Chase Bank, Capital One, U.S. Bank, Bank of America, and Ally Bank.
Popmoney is one of the least common apps like Cash App that can be used for sending and receiving funds. To be able to make use of this app, you must have an account with any of the following banks: PNC Bank, Citibank, WellsFargo, Suntrust Bank, Bank of America, U.S.Bank, Regions Bank, TD Bank, and Ally Bank.
If the recipient of the funds has a Popmoney account, then no charges will be deducted, otherwise, it will cost you 95 cents for a transfer.
If you want an option that is more universal and allows you to send money to any recipient located anywhere in the world, then PayPal may as well be the best bet for you. Like its web version, all you have to do is enter the email address of the recipient and you’ll be able to send any amount with a tap of your mobile screen.
What makes PayPal stand out from the rest of the app on this list is its simplicity and ease-of-use. International accessibility is another added benefit.
Xoom is one of the popular electronic funds transfer and remittance company that help move funds from one person to another. It is mostly used for international transfers that involve currency exchange.
Its app format is definitely one of the best alternatives you can get to Cash App. It helps you to send money to a recipient located anywhere across the globe.
This is a reputable money transfer service that allows you to send money straight to the bank account of any recipient. What makes it a much better option than the other apps like Cash app is that it can be used internationally.
Its processing fee is also quite small and the money gets deposited in the recipient’s account after 24 hours.
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