Gone are the days when you had to carry hard cash for payment purposes, but it’s still common when it comes to small, in-person payments. Life was made more comfortable with the introduction of credit and debit cards. And with these cards, you can play the lottery, buy groceries and make payments on the go. However, sometimes the card payment machines are hard to come by.
Nowadays, with the extensive use of mobile phones, you can send money to a friend, relative, or anyone else, with mobile payment apps. Most of these apps are compatible with both iOS and Android devices, and it’s because of this fact that mobile payment apps are fast becoming the preferred choice for many. Below are the best mobile payment apps.
- PayPal
PayPal is the mother of all payment apps, with a history that dates back to 1998. PayPal made its name as the preferred digital payment provider for eBay transactions. After that, the company rapidly grew to become the most dominant name in online payment services.
With PayPal, you can transfer money to and from any U.S.-based account and other foreign accounts. The best thing about PayPal is there is no fee to transfer money to family or friends from a PayPal or bank account balance. However, PayPal does charge fees to convert currencies or send money from a credit card.
- Square Cash
Square cash is available for both personal and business use. For better use, you need to have two different accounts for both needs. The service is available for both iOS and Android in the form of an app.
For unhindered services, the user of this app can have their own ‘’$Cashtag,’’ and through this, the other person can transfer the money instantaneously.
- Venmo
Surprisingly Vemmo is owned by PayPal; however, it’s different than PayPal. Venmo is designed primarily to transfer money to friends, with an embedded social aspect. Moreover, Vemmo can also be used to pay for transactions in many businesses. Even better, it’s free to transfer funds using your linked debit card bank account.
- Level-up
Level-up is a mobile payment app service for business purposes based on QR codes. To get started, attach your debit or credit card to the LevelUp code, and then let the other person scan the code, and the money will be transferred at once.
Moreover, the company also has a white label LevelUP app that combines payment capabilities into the mobile app. Unlike the LevelUP app, the white label LevelUp app employs Beacons and NFC to accept payment.
- Zelle
To use Zelle, you need to have an account in any of the partner banks like Citi, Chase, U.S. Bank, Bank of America, Capital One, or Wells Fargo. Zelle provides same-day transfers to anyone else with an account at a participating bank.
However, you don’t need to download the app to use its services, though the app is available on the app store, as Zelle only accepts one bank account to connect.
If you choose to install the app, you’ll be required to enter your mobile number or email for authentication purposes. And after that, input the email or mobile number of the person to whom you want to send the money.
