7 Best Ways To Send Money – Bankrate.com

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We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free – so that you can make financial decisions with confidence.
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Sending money to someone else has never been easier thanks to digital wallets. With a couple of taps on a smartphone, you can request and receive money within minutes or less. Here are seven apps that allow you to send money to others no matter where you are in the United States. All you need is an internet connection.

While you may not know Zelle by its name, it is a great option to quickly pay back your friends and family. It’s free to use, your money moves within minutes and you may not even need to download another mobile app.
What to watch for: Confirm that you are sending money to the right person. If you accidentally send money to the wrong person, there’s no guarantee that you will get your money back.
Best for: People with bank accounts who don’t want to download another app or pay fees.
Venmo is a popular payments app and for good reason. The PayPal-owned app makes it easy to send and receive money with a social twist. Transactions between people are shared with their friends, though users can choose to make their transactions and payment history private, either by default or for individual payments. Unlike Zelle, there’s no getting around downloading an app — you’ll need the Venmo app on your phone. But you can easily link your bank account to send money to people for free (or pay a small fee if you want to send a payment within 30 minutes).
Best for: Paying back friends with a social twist.
What to watch: Like Zelle, you can’t cancel money sent via Venmo. So make sure you’re sending money to the correct person and that it’s for the right amount.
Square’s Cash App is another trendy standalone app used to send money to people you know.
Best for: People who want a stripped down app
What to watch: Like the other peer-to-peer apps, you can’t usually cancel the money you send. Pay attention to whom you are sending funds to and the amount.
PayPal is a longstanding digital-payment system that lets you send and receive money that continues to get upgrades (including letting you use emojis just like you can on Venmo).
Best for: People who want to send larger amounts of money.
What to watch: Pay attention to fees you may incur when sending money to another country. And you can’t cancel the transaction. So double check to whom you are sending money and for what amount.
If you have an iPhone or Apple Watch, Apple Cash is another option to send and receive money to and from other Apple device users via a quick text.
To use the functionality, you must first set up Apple Cash in your Apple Wallet — a process that will require linking a debit card to fund the transfer. After that, press the Apple Pay icon in the Messages app on your device to send money via a text to one of your contacts. The transferred funds will appear in the recipient’s wallet.
Best for: People with Apple devices who already use the digital wallet.
What to watch: Unlike some other options, you have to accept the money sent.
Google Pay is available on Google Play and on iOS devices and, among other things, lets you send and receive money to friends and family.
Best for: People who often have bills for groups.
What to watch: It doesn’t support credit cards as a way to send money to someone you know.
Samsung Pay is another digital wallet that lets you send money to someone else, but the recipient needs to have a Samsung Pay Cash Account, making it less universal than some of the other peer-to-peer payment options.
A Samsung Pay Cash account labeled as “lite” is an account that’s not registered. Your account will have more limited transactions until you upgrade to a “full” account. With a lite account, you  send up to $500 with no more than 15 transactions a month.
Best for: People who have Samsung devices.
What to watch: Make sure the person you are sending money to has a Samsung Pay Cash account (or wants one).
Mobile apps can be a great way to send money quickly to others. Make sure you understand whether there are any fees for sending money and how fast the money will get to the recipient.
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