In this age of social isolation, most of us are probably handling very little cash. Anyway, Covid-19 is viral, and who knows where the dollar bill has gone? It’s easier and safer to send money and receive digital payments, rather than taking the opportunity with cold, hard cash. Best 6 Best Payment Apps In 2020 Android Apps
Founded in 1998, PayPal was one of the first mainstream online payment services in the United States. Since then, a handful of other players have emerged – major tech companies including Apple, Google and Samsung. Works like Venmo and Cash and institutional behemoths like Zelle. We’ve captured the most popular apps you can use in the United States to pay for goods and services, request contactless payments, and transfer money. This is how they pile up.Best 6 Best Payment Apps In 2020 Android Apps
1: Apple Cash
If you have an iPhone, you can send and receive money through the Messages app via Apple Cash. You can use an Apple Cash credit card or debit card to pay. Best 6 Best Payment Apps In 2020 Android Apps
To start a transaction, open and select the Messages app or create a new contact. Tap the Apple Pay icon at the bottom of the screen, select the amount and send or tap the request. Apple says it takes one to three days to process a transaction. Apple Cash is free to use – unless you choose Instant Transfer, which guarantees processing in less than 30 minutes, but 1 transaction comes with a transaction fee. Read our Apple Cash Explainer.Best 6 Best Payment Apps In 2020 Android Apps
2:Cash App
The Cash app, formerly known as Square, is the No. 1 finance app in the App Store. Once you sign up, you are assigned the ash cache tag – the name of your screen. You can identify contacts using their email address or phone number.Best 6 Best Payment Apps In 2020 Android Apps
The cash app usually takes between one and three days to transfer funds. There is an option to get instant access to your money, but you are charged an additional 1.5% fee (with a minimum charge of 25 cents). Read more about Square’s Cash app
3:Google Pay
Google Pay replaced Google Wallet and Android Pay in 2018. You can use it to pay for goods and services as well as to send and receive money. Best 6 Best Payment Apps In 2020 Android Apps
Although Apple Pay is exclusive to iPhone users, anyone with a Gmail account can use Google Pay. You can access it directly through the Google Pay app or point your browser to pay.google.com. Transferring to a debit card usually takes 24 hours, while transferring to a linked bank account can take up to five days. There is no transaction fee for using Google Pay. How to configure Google Pay on your Android phone. Best 6 Best Payment Apps In 2020 Android Apps
4:PayPal
One of the first platforms for digital payments, PayPal is free to use as long as it is linked to a bank account (or you have a PayPal Cash bank account). If you make a transaction using a credit card, there is a 9 2.9 fee. Standard transfers may take one to three days to appear in your account. Immediate transfers appear immediately but are charged a 1% transaction fee. Read more about PayPal Best 6 Best Payment Apps In 2020 Android Apps
5:Venmo
Owned by PayPal, Venmo is the third most popular finance app in the App Store. Once you can download it, you can send or request money in the United States or from anyone else through your Venmo account. It’s free as long as the payment comes from a bank account, debit card or prepaid debit card. Venmo charges a transaction fee of 3% for credit card financing. Best 6 Best Payment Apps In 2020 Android Apps
It usually takes between one and three days to transfer to a bank account. There is an instant transfer option, which takes 30 minutes or less to process. They are charged an additional 1% transaction fee. Best 6 Best Payment Apps In 2020 Android Apps
6:Zelle
Collectively owned by 10 US financial institutions, including Bank of America, Capital One and JPMorgan, Zelly allows you to transfer money directly between bank accounts. There is no app to download or set up an account. Just enter the email address or phone number of the person you want to pay, and Rise: The transaction is instant, and all your contact information and bank account details are kept private. Best 6 Best Payment Apps In 2020 Android Apps