The days of mailing cashier’s checks and money orders are long past, thanks to the development of several key payment apps that simplify the payment process and make receiving money a breeze. But which one is the best to handle your money? When it comes to your finances, these are the best payment apps to help you make and receive payments. While you are thinking of all things financial, consider our picks for the best credit cards for good credit, best rewards credit cards, and the best international travel cards of 2022. Another unique option is the ability to pay with cryptocurrency. Instead of needing a crypto credit card, you can use PayPal as a taxable transaction at millions of stores, giving you one more option. PayPal is free to use, although there is an additional fee when you need currency conversion. Available via mobile app, PayPal also offers online access. Plus, when you sign up, there is a $5 reward when you spend $10 or more. Pros:
Free to payBuilt-in security measuresMultiple financing options
Cons:
Lackluster customer serviceDrawn-out dispute process
Getting cash is also simple. When you deposit $300 each month, you get three free ATM withdrawals per month. One of the best parts about Cash App is that you can receive your paycheck up to two days earlier when you open an account. You can also buy bitcoin starting at just $1 in a format that is user-friendly to both novice and experienced investors. There are built-in security measures to help keep your information private, such as verification locks and data encryption. Pros:
Free to useSimple to useTax filing tools
Cons:
Lacking advanced featuresInternational limitations
The app is used not only for sending payments but also for receiving them. There are also integrations for several systems, including Shopify, NetSuite, and WooCommerce. You can embed your own custom checkout using JavaScript with a custom UI toolkit for complete personalization. With extreme care built into its systems, customers can enjoy over 99.99% uptime with additional compliance procedures. Pros:
Reporting featuresInstant deposits24/7 customer service
Cons:
Must pay for useLimits apply for in-person purchases
For businesses, there is the ability to create a profile so you can receive greater exposure to both existing and new clientele. You also have the option to get a Venmo Credit Card with up to 3% back and a personalized QR code to make receiving and sending payments easy. Rewards categories change on a rotating basis. Pros:
Compatible with cryptocurrencySimple to useCommonly accepted where PayPal is accepted
Cons:
No international transactionsLimited website tools
The Zelle app is available via the Zelle app, or you can send transfers directly through most banking apps. It is compatible with more than 1,000 bank apps. All you need is the email address or the phone number of the recipient, and then you enter the amount you want to send. It could not be simpler. Pros:
Free to useBuilt-in security measuresNo limits for receiving money
Cons:
No international accountsPayment limits apply
Security: One of the most important things is to ensure that your money is safely secured within the app. We look for security features like two-factor authentication and fraud detection.Fees: Not all payment apps are free to use, so we consider if there are fees and packages available to offer you an affordable payment app.Transfer speed: Some apps can take weeks to transfer funds, but the best payment apps offer easy, efficient transfers, regardless of whether you are the one sending or receiving the money.Availability: Some apps are only available in the U.S., which can be inconvenient when you have friends and family living abroad. Other apps may limit how much you can send or receive, and additional fees may apply. Be sure to consider your needs when it comes to sending money internationally.
