4 top apps for sending money to a loved one

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4 top apps for sending money to a loved one

Source – https://www.forbes.com/sites/michelleevans1/2017/10/27/three-payment-trends-that-will-change-how-we-pay-in-2018/#45764dad6c2c

Remember the days when paying someone meant sending them a check in the mail or handing them a wad of cash. We sure have come a long way!

Today, you can send money to anyone in an instant. However, because the technology is so readily available, you’re likely finding yourself faced with a lot of confusing choices. Finding the right one for you can be nearly impossible!

If you want to send some cash to a loved one, these apps are among the best choices.

Remitly

Sending money domestically isn’t a huge challenge. Sending money internationally is another matter. Many of the most popular apps in the United States are made to be used within the country.

If you want to send money to a loved one in another country, you’ll need a different kind of app. because they, “deliver on time and you can always track your money transfer wherever you are.”

You have the added benefit of choosing between many different pickup locations. In addition, you may be able to save on transfer fees, depending on where you send the cash and how much you’re sending.

PayPal

If you want to send money domestically, PayPal is a good starting point. It has been around for a long time, so most people have a PayPal account. You probably won’t have to worry about downloading any other payment apps if you stick with this one.

It also has the added benefit of being extremely safe. If you want to purchase something online, you can pay with PayPal. It acts as a digital wallet, providing sellers with your PayPal information, not your financial information, reducing your chances of having your information stolen.

Zelle

Zelle is becoming an increasingly popular way to pay. They have even partnered with major financial institutions, which make their services even more accessible.

A few features of Zelle include:

  • Send money knowing only the email address or mobile phone number of the recipient
  • Transfers are completed in just minutes
  • Zelle is free to use

One of the biggest benefits of using Zelle to send money domestically is the fact that you don’t have to download a separate app or create a separate account if it’s already included in your mobile banking app.

Venmo

Venmo is an interesting option. It allows you to send money to friends and family, like the other options on this list, but it does so with a social media twist. In addition to sending cash, you can also request money with text messages that show up in a Facebook-style news feed. You even have the ability to enable social sharing so you can share your activities and purchases, but it isn’t required.

You have tons of options when it comes to sending money, so knowing which ones are the best can be difficult. Choose one of the options on this list and you’ll be able to use one you can trust.


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Author: Firdaus

I work as an IT consultant in the Toronto area and I love to write blogs about a variety of subjects. My passion for writing stems from the desire that everyone should have access to meaningful information. Whether it is a blog about society, culture, technology, or social media, I don’t want to miss the opportunity of sharing my thoughts with my friends and audience. Since I believe in mutual exchange of ideas, I am always on the lookout for a feedback on my writings.

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