6 Best Mobile Payment Apps.
Mobile payment apps allow you to send money to anyone using only a phone. Most banks already include the ability to send money, but the specific mobile payment apps are different in that you don’t need to open a full bank account to use them. Also, the app may already be installed on your phone!
Most payment apps for Android and iOS can be set up in seconds because they just need your debit card number. Others may use your bank routing number and account number, but in any case, you have complete control over which of your banks is used to send and receive money.
Best of all, each of these apps is 100% free for most of the features, and almost all of them come with zero fees. Each service has several limitations, but they are not large enough to stop most people from using them.
Critical application
The Cash App is one of the easiest to use free money transfer apps. Just add your debit card to your account to send money to people in seconds and it will show up in their account immediately. It’s just as easy to request money.
What’s really interesting about the Cash app is that you get a unique username called $ Cashtag that any app user can use to send you money. You will even get your own unique website (a simpler profile) that users can access from a computer and send money directly to you without revealing any of your personal information.
If you have money in the Cash app, you can store it there and use it for free with the included debit card, which is also free and even supports money back features. Or you can transfer funds from the Cash App to your bank using the account / route number.
You can also buy bitcoins using the Cash app. The weekly purchase limit for bitcoin is $ 10,000, and while it might seem overwhelming to most people, it’s nice to know that in case you have crypto zest, there is such an opportunity.
Cash Limits:
- Within seven days: $ 250, after which you must verify your Social Security number and other personal information to raise the limit to $ 2,500 per week.
- Weekly cash withdrawals: $ 25,000.
- ATM withdrawals: $ 250 per transaction, $ 250 for 24 hours, $ 1,000 per week and $ 1,250 per month.
- Commission (depending on the amount) for instant withdrawal of funds to the bank; no commission for standard withdrawals, which takes several days.
You can use the Cash app from your site or through the Android or iOS app.
Google eBay
Google Pay is Google’s attempt to enter the mobile payments market, and they’ve done a decent job. The service used to offer a debit card, but currently only works online from a website or app, but has very high limits if you plan on using it for large payments.
What we love about Google Pay is that it can store cash in your Google Account so you can decide how much money to put into your bank accounts if you have more than one. Or, you can choose the default account so that all money sent to you goes straight to your bank (usually immediately
When you are about to make a new payment to someone by selecting a contact or by entering their email / phone address, you have complete control over which account the money will come from: bank, debit card, or your Google Pay balance. You can also add a note to the transaction to make posting easier. You can send and request money through Google Pay and even subscribe to reminders to be notified when it’s time to send / request money again (for example, for rent, work, etc.). Google Pay limits: Google Pay can be used online from a web browser or from an Android or iOS mobile device.
PayPal
PayPal has been around for a long time but is still one of the best mobile payment apps you can download. It allows you to send money worldwide and, like the Cash app, also allows you to get a free PayPal debit card.
Unfortunately, understanding the fees is a bit difficult to understand, so it’s important to read them carefully. However, most people trading for personal reasons should have no problem using PayPal completely free.
As with the Cash app, you can get a PayPalme address that PayPal users can visit to send money to you easily. PayPal accounts are also assigned a unique QR code; share it so others can easily send you money by simply scanning your code, or scan it to send money.
PayPal Limits:
- One Time Transaction: 2.9% fee when sending or receiving money using a credit or debit card (no fees for bank accounts).
- Instant debit card withdrawals: USD 5,000 / transaction, / day and / week; USD 15,000 per month.
- Other PayPal fees should be considered.
Use PayPal online or mobile app: iOS or Android
Zell
Zelle is by far the simplest app on this list. When all is said and done, this is a real interbank transfer app. Unlike the apps already mentioned, there is no place in your Zelle account where money is held up until you move it again. In other words, when someone sends you money, it goes straight to the bank of your choice … usually in seconds !
After downloading the app, you have to link your phone number to your debit card number and from there you can send money or request money from anyone. If they don’t already have Zelle, they can add their debit card to the app to accept your transfer or send you money; there is a 14-day grace period for such cases.
Zelle is already built into some banking apps, but if your bank doesn’t support it, you can only use the app and it’s super easy to use. The screenshot above is enough to understand how simple this application really is.
On the one hand, you can, if you wish, create two Zelle accounts: one with your email address linked to your Zelle-enabled bank, and the other with your phone number through the Zelle app. If you have multiple bank accounts that you want to transfer money between, Zelle will act as your very own free bank transfer service!
Zelle Limits:
- $ 500 within seven days if your bank does not support Zelle
You can get Zelle for Android and iOS
Facebook Messenger
Most people have Messenger already installed on their phone or open in a browser, so sending money through Facebook messaging might be the easiest way. You don’t even need to pull out your banking information!
To do this, link your debit card or PayPal account to your Facebook account, and then open a new message to the person you want to send money or request money to.
On your computer, click the money symbol in the toolbar, enter the amount in the “Payment” or “Request” section and immediately exchange money right here when you send a text message. On your phone, use the Pay Friend widget from the Messenger apps slide-out menu.
Messaging program limitations:
- Only works for users in France, USA and UK.
- You can only send money to people living in the same country as you
- Sending money via PayPal is only available in the United States.
You can use Messenger to receive or send money from friends through a browser on your computer or through an Android or iOS app.
Mizu
Mezu is a unique money sending app because it is completely anonymous, allows you to send money anywhere, no matter where they live, and even includes a game where you can earn money (although, as usually small amounts).
Here’s how it works: Enter the amount of money you want to send for the app to generate a temporary code, and then share the code with someone before the time runs out to instantly transfer money to their account. No personal data is transferred and you can send a little before the limit is reached.
You can also solicit money from people, send money to contacts (no code required, but not anonymous) and even create location-based deposits where anyone nearby can transfer money to your account without having to share codes.
Several times a week Mezu hosts a game called Mezu Money Time. After listening to ads for a couple of minutes, you compete with other players to find out who will enter the given code the fastest. All games are different, but usually the fastest players get some money, often between $ 2 and $ 20.
Mezu limits:
- Within seven days: $ 2,999.99
- One transaction: $ 499.99 anonymously
- One transaction: $ 1,999.99 with contact
- Withdraw: $ 2,999.99 per withdrawal
Mezu service works only on iOS and Android mobile devices.
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