![]() The first, its $Cashtag system, lets anyone send a Square Cash user money directly through a personal web address, which looks something like $samplename. Square Cash also has some innovative technologies to help redistribute wealth. But once you provide the app with some personally identifying information, those numbers rise to $2,500 and unlimited, respectively. Available on Android, iOS, and Windows Phone, the free-to-use service begins with a $250 weekly spending limit and a $1,000 monthly receiving limit. But the fact that PayPal is so widely accepted makes these fees worth it, sometimes.īetter known for its small business register apps, Square has also a person-to-person cash swapping service called Square Cash. And if you’re sending your funds outside the U.S., be prepared to kick in even more money. If you use your debit or credit card to send money through the app, either the sender or recipient pays 2.9% plus a $.30 transaction fee. While the company says it’s “usually” free to send or receive money using the app, that’s only true as it applies to your PayPal balance or bank account. But it’s in this game to make a buck, and it’s shrewder than the competition. With “Send Money” and “Request Money” literally at the center of the app, its clear that PayPal is prioritizing cashless transactions. And though PayPal got its start on desktop computers, its mobile app accounted for 25% of the $20 billion it processed in the last quarter alone.Īnd it looks like PayPal threw a lot of money into making its new app. (But that doesn’t hurt, either.) With recently redesigned Android and iOS apps, it’s ready to defend its turf. The granddaddy of cash-less commerce, PayPal has a lot more than just the momentum of more than 179 million users on its side. Google Wallet also pulls some old-school payment technology back into the loop with its Wallet Card, a debit account that links to your Google Wallet and lets you make purchases without the hassle of transferring your money over to your bank account. The app also lets you schedule recurring (weekly, bi-weekly, or monthly) payments, which is a handy tool for splitting a regular bill, like rent, with a friend or roommate. It breaks the bank by allowing up to $9,999 in a single transaction, and as much as $50,000 over five days. Google Wallet doesn’t charge anything for sending and receiving money. ![]() Though it’s been around for a while as a loyalty card and wireless payment system, the current iteration of Google Wallet is all about sharing your wealth with friends and family. (If it’s not visible, tap the three-dot icon instead, and it will appear.) Then tap “Pay,” and you’ll be prompted to add your debit card information.įacebook doesn’t list any limits regarding how much money you can send and receive using the service, but the company does say in its terms that it can impose its own limits at its discretion. Below the chat box there’s a circle with a dollar sign in it - tap that. Just open the field like you were about to send a message to the person you’d like to give money to. Sending and receiving money using Facebook Payments is almost as easy as chatting.
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