5 Apps Like Cash App

About Cash App

Cash App is a mobile payment service developed by Square, Inc. that allows users to transfer money to one another using a mobile phone app. It has features like sending money, receive money, pay, stock trading, Bitcoin trading. Cash App is safe to use as you can protect all of your payments and investments with a passcode, TouchID, or FaceID. Cash App charges a 3% fee for using credit card transactions. For debit card or bank account, it is free. It lets you invest in socks starting at as little as $1. Cash App also lets you start investing in Bitcoins as low as $1.

Cash App has 30 million monthly active users. Over seven million users are own a Cash Card. Cash App allows users to send and receive up to $1,000 within 30 days. Most users use the app for sending and receiving money. Fast transfer and investing features make it a popular app among many. Cash App is available for iOS and Android.

5 Apps Like Cash App

Cash App is a popular option for fast money transfer and trading. Mobile banking apps are at the center of the modern economy. Most of them offer features like sending and receiving money, saving money, event investing money in stocks or cryptocurrencies. There are many other mobile payment service apps like Cash App. Here we have created a list of similar apps like Cash App with all their features, functionalities, unique selling point, and charges. Let us take a look at these apps.

1. Venmo

Venmo is an app for peer-to-peer (P2P) payment services. It is available for iPhones and Android. Venmo has over 60 million users. Andrew Kortina and Iqram Magdon-Ismail founded Venmo in 2009. In December 2013, PayPal acquired Braintree for $800 million. With Venmo, users can make payments using their debit card, credit card, bank account, and more. It has an instant transfer feature that allows users to deposit funds to their debit cards typically within 30 minutes. It also provides a free Venmo Debit Card. Venmo is available for iOS and Android.

2. Facebook Pay

Facebook Pay is a seamless, secure way to pay on the apps you already use. With Facebook Pay, making payments is simple. It has a chat feature for communication. The maximum transfer amount at Facebook Pay is $9,999. Facebook Pay also works with WhatsApp, Instagram. Facebook is using Stripe, PayPal, and others to process these payments. Facebook uses anti-fraud technology and advanced data storage and encryption for payment card and bank account details to monitor payments. Facebook Pay has no fees and will not store money in an online account.

3. Google Pay

Google Pay is a digital wallet platform and online payment system. Google developed the payment service to power in-app, online, and in-person contactless purchases on mobile devices, enabling users to make payments with Android phones, tablets, or watches. Using Google Pay, you can send and receive money pay entering someone's Gmail address. The maximum transaction limit is $2,000 in a single transaction and $2,500 a day. You can make Up to 15 transactions per day. Bank transfer is free with Google Pay. It charges Up to 4% on credit card transactions and 1.5% or $0.31 (whichever is greater) on debit card transactions.

4. Payoneer

Payoneer is the world's go-to partner for digital commerce, everywhere. You can link a bank account and send or receive funds with this app. Payoneer lets you receive payments from clients and marketplaces located all over the world. It supports global currencies like USD, EUR, GBP, JPY, CAD, AUD, and more. The Payoneer mobile app is designed to complement your web-based account, and it puts a snapshot of your business payments right in your pocket, so you can manage your global payments on the go. Payoneer is available for iOS and Android.

5. PayPal

PayPal is the faster, safer way to send money, make an online payment, receive money or set up a merchant account. Along with sending money to other PayPal users, you can send money to bank accounts and complete online purchases. Most businesses both online and offline accept PayPal. These make the app much suited in a business setting. Users can make international payments but there are extra charges for it. In some countries, Paypal automatically transfers the cash from your Paypal wallet to your bank account. There is no fee to transfer funds to family or friends from a PayPal balance or bank account balance, but PayPal does charge fees to send from a credit card or convert currencies. PayPal app is available for iOS and Android.

Thanks for reading.