One of the more popular money apps in the US is Cash App. Why? Well, it offers fast options to make peer-to-peer payments with an instant transfer to a $cashtag.
Cash App has excellent social features, payments via email, and payments via phone number. But, Cash App isn’t your only option. Although it’s popular, it lacks features that some users want.
For example, Cash App has few international options. You’re out of luck if you intend to send or receive person-to-person payments outside the US or UK.
However, there are other options and alternatives. In this article, we’ll look at thirteen apps like Cash App.
Apps Like Cash App for Money Transfers
Before we start, it’s important to stress that you must research Cash App alternatives to find one that meets your needs. Every app on our list has pros and cons to consider before you send or receive money.
Venmo allows users to send and receive money quickly and a spot to park their cash in the interim. You can send, spend and transfer Venmo money to your bank account, making it a better platform for shared expenses than Paypal.
To personalize your transactions, you can even add animated stickers and emojis. The money exchange between individuals is simple, and Venmo only charges 1.75% of the transfer total sent via credit card.
There’s a $0.25 minimum and $25 maximum fee for an instant cash out to a bank account. Money can be kept in the Venmo account with no fees until you’re ready to move it.
Transfers can be made on Android and iPhone devices after a signup process where you create a secure password that’s 8-20 characters long. After signing up, you’ll be asked for a verifiable phone number, a valid email address, and your preferred bank account.
A standard bank transfer takes 1-3 business days, and you can choose an instant transfer to a debit card or bank account, which incurs the 1.75% fee.
This alternative to Cash App works with every U.S. bank. Encryption can be augmented with multi-factor authentication and a PIN to secure your data. Venmo has a $299.99 spending limit, but supplying additional information can raise this to a weekly limit of $60,000.
If you send money to the wrong person, you can request a return with a change request submitted to the Venmo support team. But, there’s no recovery guarantee, so the sender must exercise caution when they send funds.
2. Google Pay
Google Pay used to be known as Android Pay, and it’s been around for some time. This is an easy way to send an instant secure money transfer to friends and family. The app is compatible with Android and iOS devices and can be used to buy, sell, receive, and transfer money.
The online payments are sent directly from your phone. A mobile wallet to PayPal can be connected to the account.
3. Apple Pay
If you love Apple products, why not try their Apple Pay service? This app allows users to purchase without a credit card, debit card, or cash in an easy-to-access account. There are many places where Apple Pay is accepted, including some gas stations.
If you own an Apple device, there’s no need to download an app because the supporting software is built into the product. Simply link a credit or debit card to the wallet pre-installed on your Apple Watch, iPad, iPhone, or Mac computer.
Apple Pay has Apple Cash too. This virtual card can store money or send payments to friends, family, and retailers.
Zelle is a free app found on Google Play or the App Store. Zelle users can send and receive money from other Zelle users, and it’s available at many banks and credit unions.
Simply use the mobile app or bank website to transfer with a phone number or email address after registration. Zelle sends an email or text with a link to accept payment, and bank-to-bank transfers are simple.
A transfer typically takes a few minutes, and the app uses monitoring and authentication to enhance security. If a bank or credit union doesn’t offer Zelle, the limit is $500.
A payment cannot be canceled via Zelle if the recipient has a pre-existing Zelle account. But, payment can be canceled if the recipient has not joined Zelle. Simply open the Zelle app, navigate to the activity page, choose the rogue payment, and tap the “Cancel this Payment” button.
Transferring funds can be time-consuming for any business that needs to send or receive money. Delays can cause problems, and the Wise app has been designed to simplify this process.
Although Wise is pretty new, it has already attracted a dedicated user base with its “Social Graph Technology.”
After the new user downloads the app, they’re prompted to enter their preferred payment details. This can be a bank account or credit card, and they get a notification text message or email that they’ve received funds.
This works equally well in any location and an exchange calculator is included to give the user up-to-date, current exchange rates, and there are no hidden fees for sending money.
PayPal is one of the best-known payment transfer platforms with a hard limit of $60,000 or $10,000 in certain currencies. Disputes are handled in the PayPal Resolution Center. Users can transfer funds for free from their PayPal balance, Amex Send account, or bank account.
PayPal works with Android, iOS, or desktop browsers. Transfers can be made to multiple recipients at the same time. This platform has an invoice creation feature to customize and track each invoice sent, which is helpful if you’re using it for business purposes.
With a PayPal Cash Card or debit card, you can keep funds in your PayPal account with a daily $3,000 cash and $400 ATM withdrawal limit with up to 30 transactions each day.
There’s a fixed 2.9% fee to send funds via credit cards and a 5% charge to send personal international interactions via a bank account, Amex Send, or Paypal balance.
PayPal has mature and sophisticated encryption with 24/7 monitoring and dispute resolution. PayPal is limited to U.S. bank transfers and the platform connects with most banks and credit unions. Certain banks with prepaid or online-only bank accounts have no inherent PayPal access.
We live in a world where you can make a purchase online at any time and secure 24/7 access to bank card details is essential for security and convenience.
Using a credit card to make an online purchase is nothing new, but payment apps offer an alternative. One of the best payment apps is Revolut. It was established in 2015 to give its customers user-friendly and flexible banking services.
Users can be linked to the MasterCard contactless payment network, a viable alternative to global banking services.
Revolut cardholders pay for a purchase without paying fees if their transaction is below a threshold determined by where they live. Converting money to different currencies is easy, and this is equally true if the currency isn’t supported by the Revolut app.
Simply pick the currency that you want to convert to, and the exchange rate is given. Then, click the button, and in a few seconds, the money is converted into the desired currency.
A Revolut business account is available for those needing a domestic card with competitive international card acceptance fees. This is useful for small business owners that want to accept a credit card payment with minimal risk.
If you need to receive your payments in a single account, you may be interested in Payoneer. This payment app allows the user to receive payments and process online transactions in their Payoneer account. All you need to get started is a valid email address when you sign up for the app.
The main benefits of Payoneer are that all payments can be received in a single location, and the user can deposit and withdraw money. There are multiple payout options, users can access a large selection of currency accounts, and payments can be received from anywhere.
Comparing Payoneer to other payment app solutions like PayPal is natural. But they are quite different, and the aforementioned features set Payoneer apart from most of the competition.
If you open a Payoneer account, you can easily send funds to another account. This is a useful feature if you need a simple way to send money to family or friends.
Xoom is one of the more popular payment apps in the U.S. and it offers services to more than 40 million global users too. This is an excellent platform for users that need to send or receive money and pay their bills online with excellent security. The app offers 24/7 customer support, and it’s powered by the company that started PayPal.
The Xoom app is easy to use, and all financial and personal data is encrypted and stored on the company servers. Funds can be sent with credit and debit cards, via a bank account, or with a PayPal account. If you send money from your bank account, it can take up to three working days for the funds to arrive.
To send money, there’s a verification process to complete. After that, you can send money freely. But, verification is always necessary if you need to send more than $1,000 in a single day.
Paysend is a mobile app that allows you to make financial transactions directly from your bank accounts. This is more flexible than a traditional bank transfer, and it’s a great way to circumvent outrageous international money transfer fees. A Paysend user can even collect cash directly from a participating Paysend retail outlet.
When a user purchases with certain retailers, they and the retailer get 6% cashback too! Paysend charges only $3 to purchase a money order, and the transaction fee is set at $1.80, which is very reasonable. There are no hidden, monthly, foreign transaction, or service charge fees to worry about, and Paysend is free to download.
Remitly is a money transfer app that can send and receive funds in more than 145 different nations. There are many transfer methods, including mobile payment, home delivery, bank deposit, and cash pickup.
The Remitly fees vary depending on the transaction method that you choose. Generally, they don’t exceed $4, but an express or economy payment may cost more.
12. Meta Pay
Meta Pay is the payment app option designed for Facebook users, and it was formerly known as Facebook Pay. For regular Facebook Marketplace users, Meta Pay makes a lot of sense.
This is a free way to pay on platforms you may be using, including Facebook and Instagram. Payments can be made via Facebook Messenger, and all transactions are securely encrypted. A Meta Pay user can pay private individuals or businesses with no restrictions.
13. Samsung Pay
Samsung Pay is a great option, especially for people in New York, Chicago, and Portland. The transportation services in those cities now accept Samsung app fare payments. But you can use Samsung Pay virtually anywhere, and it’s easy to use.
A simple tap on your phone with a selected payment card is all you need. Samsung Pay includes Samsung Wallet, which is a great place to store credit and debit cards, and gift card details on your phone.
When you shop with Samsung Pay, the purchases are finalized with a PIN, fingerprint, or iris scan to maintain security.
Final Thoughts on Cash App Alternatives
As you can see, there are many Cash App alternatives to consider. When you choose a transfer service, consider the features you need, and you will find one that meets your specific requirement. If you’re unsure, they’re all free to download, so it makes sense to try them out and see which ones work best for you.