cash app alternatives

7 best Cash App Alternatives to make online payments easier

Cash App is a peer-to-peer (P2P) payment app that allows users to transfer money to one another for free. Today we will discuss the top 7 best Cash App alternatives to make online payments easier for you.

Cash App has its headquarters located in San Francisco, California, and was established at the end of 2013 by FinTech giant Square and later rebranded by the name Block.

While the app may initially be known for its ability to allow free P2P payments, it has extended to other aspects of users’ lifestyles.

Block introduced the service under Square Cash to be competitive with Venmo. It allowed users to transfer money without cost by simply including an email address. Square was created by Twitter co-founders Jack Dorsey and Jim McKelvey who wanted to grow its payment network, including merchant services like the iPad payment system and swiper.

Over time, Square expanded the app’s capabilities by accepting payments from businesses (2015) or introducing support for trading bitcoin (2018).

Today the Cash App provides an account-linked debit card, the ability to receive paychecks up to 2 days in advance and the possibility of purchasing stocks or crypto, in addition to permitting its users to file tax returns.

Thus, those services resulted in significant revenue for Block. In 2021 it was reported that the Cash App generated $12.32 billion in revenue. Additionally, it’s highly profitable because of its fee-based operating model.

An estimated 44 million users currently use the app every month. Of the 44 million users, 13 million have also applied for a debit card.

It shouldn’t be unexpected to see Block continue to improve the capabilities of its app to make it an app that can be considered a super-financial one.

It’s accessible only to customers residing in the United States and the United Kingdom, so you cannot accept payments from clients outside the United States and the UK.

While Cash App could be a viable alternative for some but it’s not the only choice for a peer-to-peer money transfer application.

This article will look at the seven best Cash App alternatives to facilitate online banking and peer-to-peer money transfer.

Please be aware that the information below is not in any particular order.

Also, Read: Top Seed Banks That Accept Cash App 


Seven best Cash App Alternatives and Competitors

Cash App Alternatives

We have mentioned the list of 7 top Cash App Alternatives & Competitors below. It is essential to note here the list provided below is not in any specific order. 

  1. PayPal
  2. Zelle
  3. Google Pay
  4. Apple Pay
  5. Chime
  6. Venmo
  7. Samsung Pay

Now, let’s elaborate on these Cash App alternatives in chronological order. 

Also, Know: Top 7 Legit Cash App Games That Pay Real Money


PayPal — Overall best for Personal and business money transfers Internationally   

Cash App Alternatives
  • Headquarter Location: San Jose, California
  • Founder(s): Elon Musk, Ken Howery, Luke Nosek, Mallikarjun Yagnavajulla, Max Levchin, Peter Thiel, Rod D. Martin, Senthil Udayasooriyan
  • Year Founded in : 1998

While Paypal is known especially for business transactions, it works exceptionally well for everyday local P2P transfers and is also free!

The most significant benefit is that verified users have a considerable transfer limit. It’s a great benefit; however, it’s not essential for your typical P2P transfer.

It also has unique extra features, like bill splitting and adding Emojis (but it’s nothing to get excited over).

They also allow international transfers; however, their rates aren’t great. You can compare the rate with other apps. But, PayPal has a good reputation as a brand and could be an option for those who want to feel assured that money will be in the care of a reputable business.

App Compatibility: It is compatible with Android, iOS and Web

Payment Limitations: If you’re a verified PayPal user, you can transfer as much as $60,000 per transaction. Some countries might restrict your transfer to USD 10,000 for a single transfer.

Applicable Charges: If you transfer money from your PayPal balance to a different Paypal account in the US, it is free and will not cost you anything.

For transactions that cross borders that aren’t supported through the balance of your PayPal account, you may be expected to incur a card or bank fee or a cost for conversion of currency and an additional markup to rates of exchange.

If you make a purchase using your credit card, You’ll be charged the standard cash advance fee of 3%.

Additional fantastic options: Send Emojis with a transfer short notes “Money Pool” for bill splitting.

Related Read: How To Send Money From PayPal To Cash App?


Zelle — integrated with the majority of banking Apps within the US

Cash App Alternatives
  • Headquarter Location: Scottsdale, Arizona
  • Founder(s): Bank of America, JPMorgan Chase, Wells Fargo
  • Year Founded In: 2016

What is distinctive about Zelle online payment service is that it’s already integrated with various banking apps in the US.

If the bank you use is an associate member, you can just activate it on your current banking app. It’s that easy! You don’t need to install a third-party application. 

The transfer limits are also reasonable. While it operates its functions well, it’s all it can do; It is an excellent option for those looking for an easy local money transfer service without all the bells and whistles.

App Compatibility:  Zelle can be integrated into mobile apps of a majority of US financial institutions as well as credit unions (for instance, Chase, Bank of America, Citi Bank, USBank, WellsFargo, etc. 

However, if your financial institution does not support Zelle at the moment, you can still use them to transfer money through their iOS or Android application.

Payment Limitations:  Each participating credit union or bank has a limit for sending on Zelle as per the rolling windows (daily, weekly, monthly, etc.).

For instance, Bank of America allows users to make ten transfers up to USD 3500 (single transfer limit) throughout the day. Business owners can perform 20 transfers of $15,000 each within the same time frame. Also, there are rolling monthly and weekly limits. 

If your credit union or bank isn’t one of the participating institutions, You can still join Zelle; however, the limit is $500 per week.

Applicable charges: Sending and receiving funds using Zelle is cost-free. However, your bank could still charge a nominal fee.

Also, Learn: How To Send Money From Cash App To Zelle?


Google Pay — higher limits for payments with the money management feature

Cash App Alternatives
  • Headquarter Location: Mountain View, California
  • Founder(s): Google
  • Year Founded In : 2015

Google Pay lets you send, receive, or request money by adding your bank account. Additionally, you can use Google Pay to purchase things and services online with great convenience.

It is also helpful for owners of smartwatches since it allows you to pay using NFC.

Additionally, Google Pay allows you to split expenses with those you love. Although Google Pay is only supported in a few countries, its expansion is anticipated in the coming days.

Security is another aspect in which Google Pay shines because of the robust encryption system that the giant search uses.

App compatibility: both Android as well as iOS

Payment Limitations: Google Pay allows you to transfer as much as USD 10,000 in one transaction.

Applicable Charges: P2P payments are free when financed via debit card or bank account; however, a 2.9 percent fee is charged when a credit card is used to fund the transaction. 

Must Read: Can I Send Money From Google Pay To Cash App?


Apple Pay — Simple interface with high limits

Cash App Alternatives
  • Headquarters Location: Cupertino, California
  • Founder(s): Apple
  • Year Founded In 2014

Apple Pay is the most secure method to make online payments if you’re a part of Apple Pay and the Apple ecosystem. It lets you request fund transfers through iMessage and can be very useful.

Although the charges for credit card transfers aren’t the most affordable, the excellent security makes the upside. There are no fees for the transaction using a debit card or a bank account.

The main negative is that Android users won’t be able to use Apple Pay, and there are no additional options.

Apple Pay is the right choice if you want a straightforward, easy P2P payment method that’s only accessible on iOS.

App Compatibility: Apple pay is only compatible with iOS

Payment Limitations: You can send a P2P minimum transaction of 1 USD, with a maximum of $ 10,000 per transaction and up to USD 20,000 weekly.

Applicable Charges: There aren’t any charges for P2P or online transactions (when the debit you use is connected to Apple Pay). However, if you make payments to family members, friends, or businesses using credit cards linked with your Apple Pay account, you’ll have to pay a fee of 3% of the total transaction amount.

Related 2 Min Read: How To Transfer Money From Apple Pay To Cash App? 


Chime

  • Headquarter Location: San Francisco, California
  • Founder(s): Chris Britt, Ryan King
  • Year Founded In: 2013

Chime is referred to as a new bank. In contrast to traditional banks, the company has no physical branches, offering its services online.

In reality, Chime is technically not a banking institution. It obtains its banking license through an agreement with The Bancorp Bank, which can provide Chime customers FDIC insurance up to $250,000.

It is interesting to note that Chime has also got subjected to legal trouble. In May 2021, the Californian regulator directed Chime to stop referring to itself as a bank. So Chime even changed its domain name from chimebanking.com to chime.com.

However, these issues haven’t stopped the company’s growth. With more than 13 million users, Chime is widely considered to be the most admired Neobank in the United States. Chime is worth $25 billion. It was made possible by Chime’s $2.3 billion it received in venture capital. 2021 was the last time Chime was reported to generate around 1 billion dollars in revenue.

It has a range of benefits like overdraft protection, the ability to make free ATM withdrawals, the possibility of being paid sooner, and a company-branded debit card.

In March 2021, Chime also competed with similar Venmo and Cash App products when it launched P2P transactions. Customers can send money to each other instantaneously using the company’s pay Anyone feature. Every user receives a $ChimeSign, an ID unique to each user that functions as a username.

Also, See: How To Add Cash App To Chime?


Venmo — Quick bill splitting with fun and social features

Cash App Alternatives
  • Headquarter Location: New York City, New York
  • Founder(s): Andrew Kortina, Iqram Magdon-Ismail
  • Year Founded In: 2009

Venmo was started by PayPal in 2009 and is still among the top sought-after P2P payment platforms across the US.

Venmo’s social aspect features, such as adding emojis into your transfer notes and the feed of updates from friends at the bottom of the page, differentiates it from other apps.

There are many attractive personal financial benefits, such as receiving your paycheck and selling or buying cryptocurrencies. It is an excellent option if you want to get more value from your payment application P2P.

The significant drawbacks are poor customer support, the inability to make international transactions, and the transfer limits aren’t as high if your identity isn’t confirmed.

App Compatibility: It is compatible with both Android and iOS

Payment Limitations: When signing up with Venmo, the maximum amount you can send will be $299 per week. Once you have verified your identity, the limit will increase by $4,999.99 weekly (the max limit per transaction). Limits for Venmo MasterCard debit cards are higher. Venmo MasterCard debit card will be heftier by 6,999.99 dollars per week (and USD 2,999.99 per transaction at the max)

Applicable fees: Setting up a Venmo account and then sending and receiving money with Venmo is free. If you possess a Venmo MasterCard, it will allow free withdrawals from in-network ATMs.

But, you’ll be charged 3 percent of the transfer amount for instant transfers (because they are funded with a credit card). Also, you’ll be charged USD 2.50 for each withdrawal made at ATMs outside of the network.

Also, Find Out: How To Transfer Money From Venmo To Cash App?


Samsung Pay

Cash App Alternatives
  • Headquarters: Suwon-si, South Korea
  • Founder(s): Samsung Electronics
  • Year Founded: 2015

The final tech giant on this list that has given the possibility of payments is Samsung, which made its debut in 2015. In February 2015, Samsung purchased LoopPay, which had previously created technology that let people pay each other, using specialized hardware in phones and other hardware.

In their Galaxy 6 smartphone model, Samsung started incorporating LoopPay’s tech to provide NFC-based transactions. As a smartphone maker, Samsung had become a superior competitor to Apple, which had just launched its payment solution.

Like Google and Apple’s products, Samsung Pay lets you connect your credit, debit, or loyalty cards and pay merchants using commands (swiping up on the cases on a Samsung phone).

Furthermore, it allows users to transfer money to their family and friends without cost and earn cashback rewards. have a debit card with a logo and purchase train tickets or crypto, and allows users to upload their vaccination records.

In recent years, Samsung also integrated its Pass product, which allows users to save airline tickets, coupons, and other items inside the Samsung Pay application.

Samsung Pay only trails Apple and Google Pay in user numbers. The company currently has 17 million customers within the United States alone. However, the majority of members are in Asian countries like South Korea. You can use Samsung Pay on Samsung-branded phones as well as smartwatches.


Is There Any Other App Like Cash App?

Is there another app like Cash App? Yes, they exist, and each has its particular drawbacks. Cash App restricts social security numbers, meaning non-verified users can’t transfer a considerable amount of money. However, the app has some benefits. With its user-friendly user interface, it’s simple to use. It could be a great way to begin, even if you are unfamiliar with this application.

Cash App allows you to purchase and sell Bitcoin; however, most Bitcoin users utilize Coinbase or a different cryptocurrency wallet. People go for other Crypto wallets because the Cash App does not have many options for investing. The Cash App investing platform is best for beginners. You can use Cash App to purchase fractional shares of stock for as low as $1.

There are some disadvantages with CashApp. First, you can only send up to $1,000 per 30 days. Furthermore, you cannot accept payments from outside of the United States. The good news is that Cash App has an affiliate program that can pay up to 30% of the new signup fees for the rest of your duration. If you’re under 18, Greenlight may be the best alternative to Cash App. Greenlight is a debit card, so it doesn’t require you to be 18 or older to utilize it. As for the Cash App alternatives, you can go through the top 7 best Cash App alternatives already mentioned above in this post. 


What app is better than Cash App?

If you’re in search of ways for you to move funds and reduce costs, you’ve probably seen the popular Cash App. Although you may see Venmo or PayPal as similar options, the latter is a fantastic option for those who prefer an updated and secure method to transfer money. Cash App, on the contrary, comes with various additional benefits, such as the use of cryptocurrencies and debit cards that are free. It also helps file tax returns, which Venmo does not provide.

Although there are many different Cash App options, each comes with an array of features that can be adapted to various payment types. For instance, many money transfer applications cater to social payment options, such as Venmo and others that concentrate on deposits to bank accounts. Some apps permit recipients to receive funds instantaneously in the United States. You can use Zelle to send and get money if you’re looking for a quicker transfer.


Which app offers the highest referral bonus?

There are two methods to earn a referral reward through Cash Apps. One way is just using the Cash App. Connecting an account with a debit card or a bank account to the Cash App account is necessary. Once you’ve linked your account, you’ll be able to share the referral code through a message or a link with your friends. When your friend signs up Cash App using your referral link, they must complete at least one transaction within 14 days to earn a referral incentive. The other method is using a review site, which requires much effort.

You can earn money through reviews and referrals to friends. Swagbucks, InboxDollars and Shopkick are all very popular. Shopkick rewards referrals. Inbox Dollars provides similar rewards. You can view videos and games, shop, and find ways to earn cash. Every Cash App offers a unique reward for referrals. The highest amount of referral bonuses is currently 50 percent. The referral bonus amount is calculated using the number of referrals you make and the income you earn per referral.

Before we close this topic on the top 7 best Cash App alternatives to make online payments easier, we invite our readers to check our other post published recently on “Can You Add Cash App Card To Samsung Pay?”


CONCLUSION

To Summarize, we have mentioned the seven best Cash App alternatives in this article for your perusal.

Cash App is excellent If you’re looking for an app for payments that can do something of all the above such as P2P transactions and Bitcoin transactions, as well as digital banking and international (USD-GBP) transfers. But this isn’t the sole option there!

Numerous other services offer the same (sometimes even greater) attributes!

For instance, Venmo has bill splitting and fun social features and can support a greater variety of stocks and bitcoin for selling and buying. If you’re searching for universal compatibility, PayPal is the best out of the rest.

Apple Pay seems like an excellent choice if you’re an Apple user. Zelle is a good alternative, too, but only if you are within the US.


Frequently Asked Questions

Cash App Alternatives

Are Mobile Payment Apps Safe?

Of Course! Mobile payment applications are generally considered secure. However, you need to be aware while paying someone you don’t know personally. It is also recommended to purchase items from reputable online stores only.

What other services resemble Cash App?

Check out the list below..

  • Wise.
  • Google Pay
  • Samsung Pay
  • PayPal.
  • Apple Pay
  • Venmo.
  • Zelle.
  • Revolut.
  • Payoneer.
  • Xoom.
  • Chime.

What’s the main drawback of a mobile payment app?

Payment apps are excellent options for those looking for an efficient, quick, and simple method to pay for and get money from family and friends.

But, one crucial drawback to payment applications is that they don’t provide buyer security. It means you’re most likely to lose your money if you enter an incorrect email address or send money to an organization that hasn’t delivered the promised products or services.




Similar Posts