You can also keep your purchases private, but Venmo is known for its social payment feeds.įor example, your feed might show your friends where you're eating lunch, what movie you rented for the weekend, who you split dinner with, and where you had coffee later. When you sign up for the service, you have to choose your privacy settings, giving you the option to broadcast your payments to your friends or even the world. What could be more twenty-first century than that? The champion of peer-to-peer payments, Venmo lets you catch up with your friends by spending money. Venmo is what you get when you make paying for things a social event. Debit and credit card payments come with fees.)įor a one-stop shop that can do just about anything and transfer funds anywhere, PayPal is still the industry leader. When you use PayPal for transfers, you can send money directly from any of your connected payment methods. You can keep cash in it, or you can connect your bank account, credit cards, or debit cards to make direct payments. PayPal is more than a money transfer service. You can even use PayPal.Me to take credit card payments for your business. You can use PayPal to send money to just about anyone with an email address in over 200 countries around the world.įor example, you could donate to a PayPal Pool your niece set up for her Girl Scout project, or you could send your kid the cash they need at college-even if that college is halfway around the world. PayPal is the flagship of money transfer companies. The 13 Best Apps for Transferring Money 1. This post will walk you through some of the best apps to transfer money and what each one is most commonly used for. With so many choices, the best apps to send money often come down to what you're trying to do.ĭo you need to split a bill with your friends around the corner? Or do you need to send an international transfer to a family member overseas?ĭo you need a popular app that most people will have? Or are you trying to connect with a specific business for a single payment? Sending funds through your phone has never been easier.
If you're looking for the best money transfer apps, there are a lot to choose from these days.
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