Cash App is the most popular app for money in the US. Offering fast ways to pay person-to-person, with instant transfers via a $cashtag or phone number, as well as attractive social features.
Cash App has limited international options. If you’re looking to send or receive peer-to-peer payments outside of the US and UK, you will need to Apps Like Cash App.
This guide will help you find other money apps that are similar to Cash App. We’ll go over some of the best Cash App alternatives, and also great options to transfer funds to family and friends.
Cash App
Cash App allows customers to send and receive payment, use a card linked, get direct debits earlier, and invest. Sending a payment to Cash App is as simple as sending the recipient’s $ cash tag or basic contact information. It will arrive instantly. This means you don’t need to know a friend’s bank account and routing number to pay them back for pizza.
Cash App has a few drawbacks. Cash App is limited in its international options. While it’s great for sending and receiving money in the US, or making a transfer to someone else in the UK, you will need to find a cash app alternative. If you need your money quickly, you may have to pay ATM fees or a cash-out fee.
Also read: How To Borrow Money on Cash App (Cash App Borrow)
Top Apps Like Cash App
1. Wise
Wise Multi-Currency Account may be the right choice for you if you are looking for a way to send payments internationally that is low-cost and quick.
Wise payments can be cheaper than those from your bank and arrive almost instantly. It is one of the best Apps Like Cash App. You can have 50+ currencies on your account and get paid as a local in 30 countries. You can also transfer money out of 80+ currencies. Payments are always made at the mid-market rate, with transparent and low fees. There are no hidden charges. The Wise Money Transfer app is available in the App Store and Google Play.
2. PayPal
You probably already have a PayPal account if you do online shopping. PayPal is similar to Cash App in that you can send and receive money, as well as make international transfers. Your recipient must also have a PayPal account to receive their money.
PayPal offers many account services. However, when it comes time to make peer-to-peer payments, costs are the biggest disadvantage. You can send domestic payments using your PayPal balance, or bank account linked to PayPal, for free. However, most card transfers will charge you 2.9%. No matter how you fund international payments, there is a 5% fee plus currency conversion fees.
3. Google Pay
Google Pay is an app that lets you make purchases online, on mobile devices, and within apps. Google Pay allows you to send money to family and friends in the US, but international transfers are limited. To access a wider range of services, you’ll have to link Google Pay with a third-party provider’s app like Wise.
Google Pay may be the most appealing Cash App alternative for people who wish to make mobile domestic payments
4. Venmo
Like Cash App, Venmo allows you to receive and send money from family and friends living in the US. This app is great for splitting bills or paying rent. It also has some social features that make it easy to chat, comment and like when you request, send, or receive money. Connect your Venmo Account to your bank account or preferred payment card. You can fund transfers using your Venmo balance or an external funding source.
Venmo’s main disadvantage — like many other peer-to-peer payment specialists, the service is available only in the US. You’ll need to use an alternative service if you want to send money overseas.
5. Zelle
Zelle Peer-to-peer payments allow transferring money between bank accounts in a matter of seconds. Zelle has the advantage that you can use it with many banks’ online and mobile banking, without having to download an app. If your bank does not support Zelle you can still get started by downloading the app and registering.
Zelle payments are deposited directly into the recipient’s account. This means that there is no cash-out fee, even if you need to get your funds quickly. Zelle requires a US-based bank account in order to send and receive money. This eliminates this option for international payments.
Also read: Top 10 Mobile Payment Apps for Small Businesses
6. Revolut
Revolut provides US customers with 3 account plans. You can select the plan that best suits your needs and preferences. The accounts offer financial planning tools and budgeting, as well as a card that can be used to purchase 140 currencies and hold 28 currencies.
The free standard account offers a wide range of features to help you manage your finances in one place. You can also upgrade to a paid account for more features.
7. Payoneer
Payoneer can be a great alternative to Cash App for business owners, freelancers, or eCommerce sellers. Payoneer’s business solutions and accounts allow you to receive payments in multiple currencies from customers, marketplace platforms, and businesses. You can receive payments into your local receiving account, pay suppliers, cover business taxes, and access working capital.
8. Xoom
Our last Cash App alternative, Xoom9 is a PayPal company. Xoom, PayPal’s international payment specialist, offers a variety of options for customers to pay and be paid internationally.
The services vary depending on the destination country, but you can send money to a recipient in Xoom and have them collect it at a local agent. This is a quick way to send cash to someone without a bank account. However, the fees and exchange rate markups are high.
Last Line
The best Cash App alternative for you depends on what kind of payments you’d like to send and receive. Cash App’s competitors offer a variety of services that make them better suited for specific customer needs. Some Cash App competitors are focused on domestic transfers in the US, while others focus more on mobile payments. Others offer easy methods to transfer money directly to bank accounts.
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