Sending money to someone else has never been easier thanks to peer-to-peer (P2P) payments. With a couple of taps on a smartphone, you can request and receive money within minutes or less. Here are seven of the best ways you can send money to others from anywhere. All you need is an internet connection. Show 1. ZelleZelle 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 compatible bank accounts who don’t want to download another app or pay fees. 2. VenmoVenmo is a popular P2P 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 to send or receive money through the service. 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 component. 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. 3. Cash AppCash App is another trendy standalone app used to send money to people you know. It’s available for consumers in the United States and the United Kingdom, and money can be sent between the two countries with no extra fee (other than what your bank might charge). Similar to many other P2P payment apps, the sender and recipient of a payment both must download the app to use.
Best for: People who want a stripped down app, as well as those looking to send money between the U.S. and U.K. 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. 4. PayPalPayPal 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). It’s available as a desktop service or as a mobile app. PayPal is a global service, meaning that consumers can send money to various countries around the world for a conversion fee.
Best for: People who want to send larger amounts of money and those who want to make convenient international payments. What to watch: Pay attention to fees you may incur when sending money to another country. Also double check to whom you are sending money and for what amount, since transactions can’t be canceled. 5. Apple CashIf 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 want payment services streamlined through their device. What to watch: Unlike some other options, you have to accept the money sent for it to deposit into your account. 6. Google PayGoogle Pay is available on Google Play and on iOS devices for those who have a Google account. It can be used to send and receive money between friends and family, as well as to make contactless purchases in stores or online.
Best for: Splitting payments or bills among a group of people. What to watch: It doesn’t support credit cards as a way to send money to someone you know. 7. Samsung Pay CashSamsung 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 may only receive a payment once a month and can send payments of up to $500 no more than 15 times over the same timeframe.
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). Bottom lineMobile 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. Most P2P payment services require that both the sender and recipient have the app for the payment to go through. This might factor into your decision when shopping around for the right payment app if your friends or family tend to use one in particular. — Bankrate’s René Bennett contributed to an update of this story. Do you need an ID to send money?To transfer money to a recipient's bank account, you will need their personal and banking information. If you're making a cash transfer, you may need to show your government-issued ID at the store, and provide the recipient's name, country, address and contact details.
How do I send money on cash app without ID?How can I send money using Cash App without SSN or ID. You can transfer money using the Cash App without SSN or ID verification. ... . To prove your identity, you'll need to provide the four digits that make up the last four digits of your Social Security Number.. How can I send money without revealing identity?Venmo – semi-anonymous with wide availability (process the same as PayPal's) Cash App – flexible and anonymous app if you're willing to deal with the limits. Paying by cash – the most anonymous payment method. Third-party private payment services - many different types of services to choose from.
Do you need ID to send money Walmart to Walmart?Walmart will require you to provide photo identification when sending or receiving money.
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