For those who want something a little socially rewarding, Venmo lets users see, share, and interact with others’ purchases (though you can make your payments private if you prefer). Transfer fees are also very affordable: debit card and bank transfers are free, credit card transfers are 3% of the balance, while instant transfers from your Venmo account to your bank account cost 1% of the amount transferred (with a $10 cap). There’s also a Venmo debit card and credit card that allow you to earn rewards and interact easily with your Venmo balance. Venmo also introduced the ability to create a business profile, allowing business owners and casual sellers to conduct business transactions with the app. Download For: The other benefit of Cash App is that it’s free to make transfers, even instant transfers, to other Cash App users. If you’re moving money out of your account, the transaction costs you a 1.5% fee. Cash App also allows you to trade in stocks or Bitcoin in a secure way. Download For: If your bank is a Zelle partner, you can use it in your bank’s mobile app. There’s no need to download a separate app. If your bank isn’t a Zelle partner, download the Zelle app to get started. The good thing is you can use Zelle to send cash to others who don’t have an account, as long as their bank is on board. Download For: With domestic and international capabilities, PayPal offers what you would expect from a long-standing name in online payments, including sending money, splitting bills, getting instant spend notifications, buying Bitcoin, and more. Linked bank accounts and PayPal cash transactions are free, but you’re charged a fee for using debit and credit cards, and it might be worth reading PayPal’s fee schedule, as it can be confusing. Transfers also take a bit longer with PayPal. Download For: Recipients can pick up their money from banks, receive it digitally, or have it delivered to their homes. WorldRemit claims transfers can be made as quickly as text messages are delivered. For that speed, however, you give up some of the fancier features that come with other apps. Download For: Your recipient can pick up their cash at a bank or a Western Union location, or receive it digitally. However, you’ll likely pay higher fees to use the Western Union service, even through the app. But you’re paying for the peace of mind that comes along with having the ability to track your transaction all the way from sending to receipt. Download For: The main drawback to Apple Cash is that it works only with other Apple users. You can’t send money to anyone who isn’t using an Apple device. Download For:
