The Best Paying Easier With The Best Payment Apps Of 2020

The Best Paying Easier With The Best Payment Apps Of 2020 | The Best Payment App-Payment apps make you feel safe in times of paying for your splitting or purchases a bill easier than it’s ever been. These apps make something easy and fast for everyone.

Have you ever been to dinner with a bunch of friends or your family and the restaurant wouldn’t split the check? If you don’t have cash or you don’t want to make use of cash to pay your part of the bill, you might get stuck with the whole bill and promises from friends that they’ll pay you back.

Unfortunately, you’ll rarely get everyone to pay you,  even do if they do, you will receive a payment that won’t add up. Thankfully, the world is full of technology everyone is must using smartphones and can easily download payment apps to solve the problem.

Here’s what you need to know about payment apps and how they make sending money easier than ever.

 

Payment apps allow you to make payments by using your mobile phone. These apps can make you pay at the store easier if you are always fumbling through your bag trying to find the right card to pay with. Payment apps generally allow you to link your credit cards or bank accounts to the payment app. Then you can now make your payments easy directly from the app without having your credit card and debit card, or checks present.

If you have the payment you can Depend on the app you download on your phone, you will be able to make a payment by tapping on any of the payment apps on your phone at a point of sale rather than swiping a credit card. in other payment apps or phones could allow you to pay by displaying a code that the cashier can scan easily.The Best Paying Easier With The Best Payment Apps Of 2020

Payment apps  Can allow you to send money to friends and family

You can make use of any Payment apps to send money to friends/family and your business, the apps generally allow you to send money and transfer truly an email address or a phone number but other apps let you send money to your friends through social media.

It’s very important you should look into the details of how payment apps work. Most payment apps allow you to make and receive payments for free, you need to use a bank account or only banking in-app balance. However, if are you using a credit card, you may have to pay a fee to send or receive money on any transaction you make.

Additionally, the apps may charge other fees if you want to move or send the money out of your app account and into your bank account.  The apps may also have limitations of the transition of the amount of money you can send within a given day/week or month.

Rede more: Global Cash Card Activate 

Why you should consider using payment apps

They make paying easier: Payment apps can make your life easy a lot easier. Rather than worrying about carrying around multiple credit cards or other payment card methods, you could store them all in a payment app.

Payment apps good for security

Another good perk is you don’t have to worry about canceling a bunch of cards when you lose your wallet or purse. Even if you lose your mobile phone, as long as your phone number or email add is properly secured, you shouldn’t have to worry about someone else accessing your payment information is saved.

Why Payment apps aren’t for everyone

Payment apps are convenient for some people that are capable to use a smartphone, but a pain for others. Those that struggle with technology may find payment apps more frustrating to use than the traditional payment methods.

If you don’t have a compatible, smartphone you will not be able to use any payment apps. Thankfully, there are plenty of payment options that don’t involve apps. You can still swipe your credit card, pay by check, through PayPal.com, or through your bank’s bill pay service.

When you’re looking for a payment app, you should consider multiple factors. First, you’ll want to make sure the payment app is compatible with your smartphone. For instance, Apple Pay can not work on Android devices. You’ll also want to consider how much the app costs to use. Some are free, others may charge fees to send or receive money.

Payment Apps Best For and use
Google Pay  For Android users
Apple Pay  For Apple users
Samsung Pay  For Samsung users
PayPal  Very fast and Low-fee transactions
Xoom  Sending money to other countries and it easy
Circle Pay
Venmo  For Sending low amounts of money to a friends/family
Square Cash
Zelle For Credit union members
Facebook Messenger No-fee transactions & for Facebook lovers

 

The important features of payment apps

Each payment app has different features to consider. In particular, you should look at:

  • Phone compatibility.
  • Costs to send or receive money.
  • Limitations on how much you can send.

In-depth look at the best payment apps

Here are ten apps to consider and some highlights of their features.

Google Pay—Best for Android users

  • Compatible with: Android and iOS.
  • Payment limits: You can send up to $9,999 in one transaction or up to $10,000 in seven days. Floridians are limited to $3,000 every 24 hours.
  • Cost to send money: No fees, but doesn’t allow you to use a credit card to send money to friends and family.

Visit Google Pay to learn more.

Apple Pay—Best for Apple users

  • Compatible with: iOS.
  • Payment limits: Up to $3,000 per message and $10,000 in a seven-day period.
  • Cost to send money: 3 percent fee for amounts funded by credit card to friends and family.

Visit Apple Pay to learn more.

Samsung Pay—Best for Samsung devices

  • Compatible with: Select Samsung devices.
  • Payment limits: None (doesn’t allow a person to person transfers).
  • Cost to send money: None (doesn’t allow a person to person transfers).

Visit Samsung Pay to learn more. 

PayPal—Best for low-fee transactions

  • Compatible with: Android, iOS.
  • Payment limits: No limits on the money you can send from your verified account. You can send $60,000 but may be limited to $10,000 in a single transaction.
  • Cost to send money: If paying with a credit card, debit card, or PayPal credit you pay 2.9 percent plus a fixed fee.

Visit PayPal to learn more.

Xoom (A PayPal service)—Best for sending money to other countries

Xoom is unique in that it’s the main purpose is to send money to other countries.

  • Compatible with: Android, iOS.
  • Payment limits: Up to $25,000 per transaction. Initial limits are $2,999 in 24 hours, $6,000 in 30 days and $9,999 in 180 days. Can increase limits by giving Xoom more personal information.
  • Cost to send money: Cost varies depending on which country you’re sending money to.

Visit Zoom to learn more. 

Circle Pay—Best for sending money to other countries

Circle Pay allows you to send money to other countries and in foreign currencies.

  • Compatible with: Android, iOS.
  • Payment limits: $400 per seven-day period. Can be raised to $3,000 per seven-day period by providing additional information.
  • Cost to send money: Circle Pay doesn’t charge fees, but your bank may.

Visit Circle Pay to learn more. 

Venmo—Best for sending small amounts of money

  • Compatible with: Android, iOS.
  • Payment limits: $299.99 weekly, but can be raised to $2,999.99 weekly.
  • Cost to send money: $0 if purchasing from authorized merchants, 3 percent if paid by credit card, $0.25 to transfer Venmo balance out of Venmo.

Visit Venmo to learn more. 

Square Cash—Best for sending small amounts of money

  • Compatible with: Android, iOS.
  • Payment limits: Initial limit of $250 per transaction or seven-day period. The limit can be raised up to $2,500 per seven-day period.
  • Cost to send money: 3 percent fee if sending by credit card. The fee is added to the transaction total.

Visit Square Cash to learn more.

Zelle—Best for credit union members

Zelle is unique because it is part of your bank’s or credit union’s app.

  • Compatible with: Depends on bank or credit union’s app.
  • Payment limits: If your bank or credit union doesn’t offer Zelle, your limit is $500 per week. If they do, contact your bank or credit union for limits.
  • Cost to send money: Zelle doesn’t charge fees, but your bank or credit union may.

Visit Zelle to learn more. 

Facebook Messenger—Best for no-fee transactions & Facebook lovers

  • Compatible with: Android, iOS—Users must have a Facebook account.
  • Payment limits: Not disclosed.
  • Cost to send money: No fees, but you can only use a debit card or PayPal account to fund transfers.

Visit Facebook to learn more. 

Summary

Payment apps make paying for your purchases or splitting a bill easier than it’s ever been. These apps offer something for everyone. But be aware that some have fees.