Best Payment Apps (To Send and Receive Money)

Looking for the best payment app

Well we’ve compiled a complete list of payment apps – including payment apps like venmo, paypal and cash app plus a variety of other money transfer apps broken down with key features, pros and cons, and who these payment apps would best suit.

Payment apps are becoming more common everyday, not only payment apps for businesses but also for personal use like when splitting a bill at a restaurant or charging your spouse for the heating bill since they need it to be 80 degrees at all times. 

Payment apps have come a long way recently. Some even offer features to access investments, earn rewards, and work in perfect compatibility with your bank account.

Our overall winner for best payment app has to go to:   Paypal

Its free to pay, low fees, and multiple financing options really made it stand above the rest for us. 

Some things that shaped our picks in the below “At a Glance” section are:

1. Ease of use

2. Functionality

3. Security

4. Additional Features

5. Cost and Fees

We spent over 45 hours scouring reviews on the best payment apps in the app store, google play store, consumer affairs and other tech sites.

Here is our review on the best payment apps..

Best Mobile Payment App – At a Glance

  • Best Overall: Paypal
  • Best for Family and Friends (small amounts*): Venmo
  • Best for Bank to Bank Transactions: Zelle
  • Best for Social Media: Meta Messenger (Instagram and Facebook)
  • Best for Investors: CashApp
  • Best for Small Business: Stripe
  • Best for Sending Money Internationally: Remitly
  • Best for Sending Small Amounts Internationally: Western Union
  • Best for Flexible Payments and  Low-Fee Transactions: PayPal
  • Best for Google Users: GPay
  • Best for Apple Users: Apple Pay
  • Best for Samsung Users: Samsung Pay

Compare the Best Payment Apps

PlatformAndroid, iOSAndroid, iOSAndroid, iOSAndroid, iOSAndroid, iOS
Fee for Sending MoneyFee applies for currency conversionFree2.9% + 30¢ per successful chargeFreeFree
Foreign TransactionsYesYesYesNoNo
Company DescriptionBest for bank availability. Used by millions for both personal and business transactions.Simple and straightforward, with no fees for transactions. Best for no frills.Great for small business. Charges a fee per successful transaction.Best for friends and small amounts. Charges a fee, and doesn’t support foreign transactions.Best for banking. Doesn’t support foreign transactions.
Domestic or Foreign TransactionsDomestic and ForeignU.S. and U.K. onlyDomestic and ForeignOnly domesticOnly domestic
Transfer Time1-5 days1-3 days or instant transfers for a feeVaries1-3 days or instant transfers for a feeWithin minutes
Best ForOverall, Flexible Payments and Low-Fee TransactionsInvestors, SimplicitySmall BusinessFamily and Friends (small amounts)Bank to Bank Transactions
ProsFree to pay, Multiple financing options, Built-in security measuresFree to use, Simple to use, Tax filing toolsReporting features, Instant deposits, 24/7 customer serviceCompatible with cryptocurrency, Simple to use, Commonly accepted where PayPal is acceptedFree to use, Built-in security measures, No limits for receiving money
ConsLacks customer service, Drawn-out dispute processLacking advanced features, International limitationsMust pay for use, Limits apply for in-person purchasesNo international transactions, Limited website toolsNo international accounts, Payment limits apply
CostFree with an additional fee for currency conversionFree2.9% + 30¢ per successful charge. Customized packages are also available.3% when sending money from a linked bank account, debit card, or Venmo accountThere are no fees to use Zelle, although your bank or credit union may assess their own fees.

Complete List of Every Mobile Payment App



With over 400 million users worldwide, even though Paypal was established way back in 1989, Paypal has stood the test of time and brought hassle free, low fee mobile payments to its users.

In addition to the generally lower fee payments, Paypal also offers the ability to buy now and pay later with 4 interest-free payments. With the ability to connect your bank account, credit cards, and debits cards. Handling payments with Paypal is a no brainer. 

Finally, in this modern day of crypto, Paypal also offers the ability to pay with crypto currency.

Easily connect to bank, credit cards, and debit cardsSomewhat limited customer service
Great built-in security featuresHigh fees for international payments
Flexible financing options
Free to pay (except for internationally)
Great for larger payments
Ability to pay with cryptocurrency


Free to use (but charges fee for currency conversion – $2.99 to $4.99, plus 2.9% of the transaction amount and an additional fee based on location)
Also if paying with a credit card, debit card, or paypal credit you pay a 2.9% fixed fee
For instant transfers there is a fee of 1.75% (at $.25 minimum and $.25 maximum)

Key Features:

  • High Transfer Limits
  • Flexible Payments
  • Low Fees
  • Great for Individuals and Businesses
  • Easily link to your bank, credit cards, and debit cards

Security Features:

  • Two step verification require
  • Email Confirmations
  • Data Encryption Guaranteed


Offers both mobile and online access for iOS and Android
Available in more than 200 countries and regions


No limits on total money you can send from your verified account. Up to $60,000 in a single transaction, but may be limited to $10,000.

Verification will likely be required for larger transactions

Cash App


Cash app is one of the most popular payment apps apps our there right now and for good reason.

It allows users to send and receive money, pay bills, and invest in stocks.

Cash app also offers a variety of financial tools built within their app which give it a leg up on its competitors.

Free ATM withdrawalsProcessing fee for using attached credit card (3%)
Options for “cash boosts” which are discounts with specific retailersInstant cash out fee of 1.5%
Offers free debit card for those with a Cash App accountNot FDIC-insured
Availability to invest in stocks or cryptocurrenciesLimited for international use
Simple sending/receiving of funds
Tax filing tools available

Some of the key features of Cash App include:

  • Money transfers: Cash App allows users to send and receive money quickly and easily, either to individuals or to businesses.
  • Bill payments: Cash App can be used to pay bills, including rent, utilities, and credit card bills.
  • Investment options: Cash App also offers the ability to invest in stocks, with users able to purchase fractional shares of stocks with as little as $1.
  • Cash Card: Cash App offers a debit card called the Cash Card, which can be used to make purchases and withdraw cash from ATMs.
  • Direct deposit: Cash App supports direct deposit, allowing users to receive their paychecks or government benefits directly into their Cash App account.
  • Boosts: Cash App offers discounts and rewards, known as Boosts, for using the Cash Card to make purchases at certain merchants.
  • Security: Cash App uses state-of-the-art security measures to protect users’ personal and financial information, and provides fraud protection for unauthorized transactions.


  • Free standard deposits which arrive in 1-3 business days
  • Fees for instant deposits (.5% -1.75% fee)

Key Features:

  • Easy electronic payments
  • Activity tracking
  • Cryptocurrency sending and receiving
  • Customizable branding options

Security Features:

  • Fraud detection
  • Secure data encryption
  • Two factor authentication


Available for iOS and Android


Send up to $250 in 7-day period

Receive up to $1,000 in 30-day period

Limit can increased by verifying identity*



Venmo has skyrocketed in popularity, especially among the younger generation. With no fee, instant payments (up to a limit of 60,000 with verification) and free bank transfers (in 1-3 business days) Venmo is a simple and quick way to send money to friends and family.

With the added bonus of a social media aspect, you can keep up with your friends and see who they are sending/receiving money to and from. 

Venmo does however charge a 3% fee for transfers using a credit card, but is free when using your debit card or bank account. 

1Easy to useOnly available for domestic transactions
2Auto approval of Venmo credit card for users3% fee when payment with connected credit card
3Great for sending payments to friends/family
4Able to use cryptocurrency
5Widely used


$0 if purchasing from authorized merchants or sending money to friends/family
3% if paid by credit card
Free transfer of Venmo account balance within 1-3 business days
Instant transfers charge $.25 minum up to $25 maximum

Key Features:

No fees (if not using credit card)

1-3 business days for transfer of funds

Easy for splitting bills with friends/family

Ability to pay some online retailers

Can link to Seamless, Uber, and Uber Eats

Security Features:

Multi-factor authentication available
QR code readers to make sure you are sending/receiving money to the correct person


Only available for Domestic users (not available for International)


With identity verification you can spend up to $60,000 per week and can transfer up to $19,000 to your bank per week ($5,000 per limit for each transfer)



Zelle stands out from other payment apps. 

When using other payment apps you have to first fund your payment app then are able to send payment, with Zelle it is directly connected to your bank account or credit union.

The same goes with receiving payments through Zelle. Payments are transferred directly into your bank account with no intermediary step like with other apps such as Paypal or Venmo. 

With that said, there is no linking of debit or credit cards since it goes directly through your bank account.

There are no fees but is it limited to only participating banking institutions and accounts. 

Great for sending payments through your bank account directly (like rent or utility payments)No linking of debit or credit cards
Quickly receive or send moneyLimited to only certain banks that are in the US only
Include email and text notificationsIf the receiver of funds is not on Zelle they have only 14 days to enroll before the payment isn’t received and is sent back to sender
When both sender/receiver of funds are signed up with Zelle it is the fasted way to send/receive money hands down


There are no fees with Zelle but your attached credit union or bank may have fees

Key Features:

-Connects seamlessly to your bank account (can send funds directly to another user’s bank account)

-No extra download needed (it is already built into your banking app if compatible)

Security Features:

Since Zelle is connected directly with your banking app it relies on the built in security features of your banking app such as FaceID, biometric authentication, and two factor authentication


Domestic Only

Limited to US bank account only that is link to an email address or US based phone number


Limits are set directly by your banking institution so these will change based on which institution you bank with

Apple Pay


Apple pay is a great option for iOS users (it is not available for non iOS users and devices).

iOS is able to store debit and credits and then use them for payment. 

It can be used on iOS devices, Apple Watches, and mac computers

Apple pay offers the easy ability to send funds via text messaging. Since it is connected through contacts and iMessage you can easily confirm sender and recipient. 

There are also no fees to send money to contacts but there is still a 3% fee for sending money via credit cards. Additionally, there is a fee of 1.5% for instant transfer of funds ($.25 min $15 max)

Very convenient for Apple UsersLimited to only iOS devices and users
Wide acceptance by many retailersCompletely device dependent
Reduce chances of fraudThere are fees incurred via the banking institution


Free except for payments with credit cards and instant transfers

3% credit card fee

1.5% instant transfer fee

Key Features:

  • Seamlessly works with iOS device such as mobile phones and apple watches

Security Features:

  • Requires limited amount of personal data
  • Two factor authentication (touchID/FaceID)
  • Device specific transactions


  • iOS users only
  • Available on apple phones, watches, and macs


  • $10k limit per message and $10k limit for seven-days

Google Pay


Google Pay offers a quick payment option for Android and iOS users, both in stores and online. 

Just like Apple Pay, Google Pay is the counterpart for Android users. However, unlike Apple Pay, Google Pay is available on iOS as well. 

Google Pay is accepted at most digital checkouts, making it easy to pay without removing your wallet.

Payment cards such as debit and credit cards can be stored in Google Pay, and purchases can be made without additional fees using ACH and attached cards. 

In terms of fees associated with Google Pay it allows you to withdraw funds to an attached debit card for a 1.5% fee (or $0.31, whichever is greater).

It is available for free download and is integrated with your Google account, which means you can access it on multiple devices, including your phone, tablet, and computer.

Convenient for purchases without opening your walletSome banks charge fees when using Google Pay
Excellent integration with other Google servicesLess recognition than competitors (like Apple Pay or PayPal)
Quick and efficient payment for goods and services with the app


Free but doesn’t allow use of credit cards to send money (Apple Pay does – with a fee of course)

Key Features:

-Extremely convenient when using at retail stores or online

-Integration with of Google services such as Google Maps/Gmail

Security Features:

-Frequent security updates to the app

-Device specific transactions also helps to limit fraud


Domestic but does allow US users to send money to Singapore and India


  • Able to send up to $5,000 in a single transaction
  • $2,000 purchase limit
  • $2,500 daily purchase limit

Samsung Pay


Samsung Pay is another  mobile payment app designed specifically for Samsung devices, allowing users to make touch-free purchases in stores.

 It is integrated into Samsung Wallet much like Apple Pay or Google pay  users can store their credit and debit cards, loyalty cards, and gift cards all within this app.

One of the big differences is that the app features a rewards portal that provides cash back for purchases made through the app. 

Samsung Pay as you could have guesses is only compatible with a Samsung device.

The app itself is free to download and the Samsung wallet is able to sync across all of a user’s Samsung devices. 

To be able to send money to friends and family, users need to set up a Samsung Pay Cash Account with either a lite or full plan.

Easy setupLimited support
Rewards and discounts*Not as popular or widely accepted as other similar apps

Samsung Pay Lite:

This is the basic version of Samsung Pay, offering basic payment and wallet functionality. 

You can store your credit and debit cards, loyalty cards, and gift cards in Samsung Wallet, and make touch-free payments in stores.

Samsung Pay Full:

This is the full version of Samsung Pay, offering all the features of Lite, as well as additional features such as the ability to send money to friends and family using Samsung Pay Cash, and the ability to view your transaction history and account balance within the app.


App is free to download

Again, some banks may charge fees for using Samsung Pay

Key Features:

  • Rewards for using Samsung Pay
  • Easily syncs across all Samsung devices
  • Ability to track transactions

Security Features:

  • Finger print authentication
  • Fraud monitoring
  • Device Encryption


Select Samsung Devices


With the Lite plan, you are restricted to receiving money once daily.
However, you can send money up to 8 times daily, 10 times weekly, or 15 times monthly, with a maximum limit of $500 for total transactions. 

If you wish to increase these limits, you may do so by providing additional personal information and account verification.

Meta Messenger (Meta Pay)


Meta Pay is a convenient payment platform that offers no-fee transfers using a debit card or PayPal. 

The service can be accessed through the Facebook app, Facebook Messenger, and Instagram, making it easy to make payments without leaving the social media platform. 

However, it’s important to note that payments may take several business days to clear.

Meta Pay has been integrated into Facebook Marketplace, providing users with a quick and easy way to make no-fee payments. 

Additionally, Meta Pay is also being integrated into various online retail shops, enabling you to pay for your purchases by simply logging in with your Facebook or Instagram account.

While Meta Pay does not allow for direct connection to a credit card, it does integrate with PayPal, providing users with an alternative payment option. 

Finally, there are limits on the amount that can be paid, with unverified accounts limited to $2,000 and verified accounts having a maximum limit of $10,000 within a 30-day window.

No feesCan only use a debit card or Paypal account to fund app
Integration with online shopsLimited payments to $2,000 for unverified accounts and up to $10,000 for
verified accounts within a 30-day window
Able to use Paypal through the appLimited compatibility (may not be supported by all popular banking institutions)



There may however be fees incurred from your bank

Key Features:

Integrated within Facebook Marketplace (and other Meta apps such as Instagram)

Security Features:

-Requires authentication before payment

-Secure storage of personal info

-Payment verification before they are processed


Available for Android and iOS devices but users must have a Meta Account (ie. Facebook or Instagram)


$2k for unverified users

$10k for verified users (30-day window)



Remitly is a digital payment app and service that allows users to send money internationally. 

It’s designed specifically to make sending money internationally simple. 

Users can send money directly from their bank account or using a debit or credit card. 

The recipient can then receive the money in their bank account or at a participating cash pickup location.

Remitly offers competitive exchange rates and transparent fees, making it a cost-effective option for users who need to send money overseas. 

The company also provides 24/7 customer support to help users with any questions or concerns they may have.

In addition to its standard money transfer services, Remitly also offers a premium service called Remitly Express, which provides faster transfer times and higher limits for sending money.


Free to download

Fees for transfer cost (depending on country)

Offer Economy transfers which are usually zero dollars

And Express transfers which start at $3.99)

Key Features:

-Easy and accessible delivery methods

-Includes ability to transfer funds directly to trusted banks, pickup locations for cash, mobile wallets, and even delivery straight to your doorstep.

Security Features:

Two factor authentication

Data encryption


Only available for US users who wish to send money to other countries

Android and iOS devices


Up to $2,999 daily, $10,000 monthly, or $18,000 over a 6-month period


-International money transfers made easy

-Decen exchange rate

-Offers variety of delivery options

-Moderately high limit

-24/7 customer support


-High transfer fees

-Limited availability

-Extend transfer times

-Rare chance for additional fees for transfers



Xoom is another payment app (by Paypal) that allows you to send money to users in other countries.

Additionally, you can also pay bills, reload mobile phones, and send funds directly from your bank account. 

Currently with Xoom, users can send money to over 130 countries directly from their bank account, debit card, or credit card. 

The app also allows users to pay bills for utilities and credit cards. 

It allows users to send money via bank transfer, credit card, or cash pickup.

Xoom offers competitive exchange rates and low fees for money transfers.

The Xoom app is available on both iOS and Android, and users can send money from their smartphones.

Xoom also provides 24/7 customer support which is quite rare among payment apps. 

Overall, Xoom is a solid payment app that offers several ways to pay bills, send money, and pay for other retail items internationally.


App is free to download

Fees are charged per transaction per amount (based on percentage and depending on country)

Other fees for bill payment or mobile reloads

Key Features:

-Simple international money transfers

-Bill payment options

-Mobile recharge options

Security Features:

-24/7 customer support

-Extensive fraud monitoring

-Secure transfer options


Only available to send money if you live in US, Canada, UK and most countries in Europe


24 hour limit $2,999

30-day limit $6,000

*will depend on country


-24/7 customer support

-Fast transfers (which is rare for international transfers)

-Wide coverage (supports over 130 countries

-Multiple transfer options


-Fees (which are unfortunately unavoidable when sending money internationally)

-High/Variable exchange rates



Wise (previously TransferWise) is a multi-currency payment app that allows users to send money internationally at low fees and with fair exchange rates. 

What’s great about wise is that it will automatically transfer your funds to the local currency. 

The app is designed to be a more affordable and transparent alternative to traditional banks and money transfer services.

Wise supports over 60 currencies and allows users to transfer money between bank accounts, pay bills, and make international payments in a simple and cost-effective way. 

The app uses the real exchange rate and charges a low fee for each transaction, making it an attractive option for people who need to send money abroad regularly.

Insight: I’ve personally used Wise for over a year and it is my preferred method for sending money internationally

Wise also offers a range of security features to protect users’ financial information, including encryption, two-factor authentication, and 24/7 fraud monitoring. 

The app also provides users with easy-to-use tools and resources to help them navigate the complexities of international money transfers.



Exchange rate fees (of course)

Key Features:

-Quick transfer of funds

-Easily manage payees

-Simple and visible exchange of currencies

-Clear communication of funds being transferred (notifies both you and receiver via email)

-Connects via ACH to your bank account

Security Features:

-Two factor authentication

-Requires you to enter your password multiple time before processing

-Requires detailed information of payee


Available for over 170 countries


With ACH, you can send up to $15,000 per day.
Using a debit or credit card –  limit is $2,000 every 24 hours and $8,000 every seven days.
Local bank transfer – up to $1 million 


-International transfer of funds to local currency

-Low fees

-Easy to use


-Slow transfers

-Limited features

-Dependent on bank transfers (ACH)



Stripe is a payment processing app and platform that offers a variety of tools and services to assist businesses accept payments both online and in person. 

It is to help businesses exist in an ever evolving world and easily accept payments from several expanding methods. 

The platform supports a wide range of payment methods, including credit and debit cards, ACH transfers, and digital wallets like Apple Pay and Google Pay.

Some of the key features of Stripe include:

-Easy Integration: Stripe offers a variety of APIs and integrations, making it easy for businesses to start accepting payments in a matter of minutes.

-Customizable Checkout: Stripe provides a customizable checkout experience that can be tailored to the look and feel of a business’ website or app.

-Global Reach: Stripe supports payments in over 130 countries, allowing businesses to reach customers around the world.

-Advanced Fraud Prevention: Stripe uses machine learning and other technologies to detect and prevent fraudulent transactions, ensuring that businesses stay protected.

-Subscriptions and Recurring Payments: Stripe offers powerful tools for managing subscriptions and recurring payments, making it a great option for businesses that offer memberships or other recurring services.


2.9% + .30 cents per successful charge

Key Features:

-Accepts global payment for over 135 currencies

-Embedded checkout

-Secure payment info collection

-Schedule payouts (from payment app to your bank account)

Security Features:

-Data Encryption with AES-356

-Two factor authentication

-Secure website access (SSL)


Available in 47 countries

Also available on both iOS and Android


$5,000 per day across all connected accounts

minimum amount: $0.50 /maximum amount: $999,999.99 (for a single charge)


-Flat rate fees for charges

-Supports many different currencies


-Limited in terms of in person use for retail

-Open API and tools may not be suited for the average person (without development experience)

Shopify Payments


Shopify Payments is the native payment processing solution for online stores built using the Shopify platform. It enables merchants to accept payments from customers directly on their online store without having to use a third-party payment gateway.

With Shopify Payments, merchants can easily manage their payments, refunds, and disputes from a single platform, and benefit from the convenience of having all their sales and payment data in one place. Shopify Payments supports multiple payment methods, including credit and debit cards, Apple Pay, Google Pay, and Shopify Pay, making it easy for customers to complete their transactions.

One of the main advantages of using Shopify Payments is that it eliminates the need for merchants to set up and manage a separate payment gateway, which can save time and reduce complexity. Additionally,


$9 per month for Lite 

$29 per month for Basic 

$79 per month for Standard

$299 per month for Advanced

No fees if using using Shopify Payments with a connected Shopify store

If using a third party payment provider there are fees of 2% (Basic Plan), 1% (Advanced Plan)

Key Features:

-Easily manage and track orders

-Ability to process payments

-Offers options to customize online store from any connected mobile device

-Easy integration with Shopify, WooCommerce, and Magento

Security Features:

-Two factor authentication

-Utilizes TLS for secure connection to Shopify account

-Fraud detection


Over 20 countries worldwide

Available on iOS and Android


No limit for amount you can accept per transaction


-Simple and easy to use

-Funds are transferred to your account on the same schedule

-Includes a variety of other tools such as managing inventory and creating discount codes

-Compatible with other payment apps such as Paypal and Stripe


-Doesn’t offer many options for design customization

-Fees for every transaction

-Doesn’t offer email hosting

Square Cash


Square Cash is a peer-to-peer (P2P) payment app that allows individuals to send and receive money from each other quickly and easily. With Square Cash, users can transfer money from their debit card to other Square Cash users or to a linked bank account. 

The app is designed for personal use and is not intended for use by businesses.

One of the main benefits of Square Cash is its simplicity and ease of use.

 The app is straightforward and intuitive, allowing users to send and receive money with just a few taps. Square Cash also offers instant deposits, so users can access their funds as soon as they arrive in their account.

Square Cash is a free app and there are no fees for standard P2P transactions. However, there are fees for certain types of transactions, such as using a credit card to send money or sending money to another country.


No fees for standard P2P transaction

Fees for using credit to send money

As well as fees for international transactions

Key Features:

-Very convenient for peer-to-peer transaction

-Quickly and easily send/receive payments

Security Features:

-Data Encryption

-Two factor authentication


Available in 7 countries world wide

Available on iOS and Android


minimum balance of $1 (after fees)
maximum limit of $10,000 (per single transaction)


-Easy to use

-Secure encryption of data

-Moderate fees


-Fees for instant deposits

-Not suitable for businesses

-Limited technical/customer support



Paytm is a digital wallet and mobile payment app based in India. 

It allows users to pay for various goods and services, including mobile recharge, utility bills, and online purchases, through their mobile devices. Paytm also offers a range of financial services, including personal loans, insurance, and mutual funds.

One of the main benefits of Paytm is its convenience. The app allows users to make payments and manage their finances from their mobile devices, eliminating the need to carry cash or visit physical bank branches. Paytm also offers a wide range of payment options, including debit and credit cards, net banking, and UPI, making it easy for users to find a payment method that works for them.

Another advantage of Paytm is its security. The app uses advanced encryption technology to protect users’ personal and financial information, and requires users to set up a secure password or use biometric authentication to access their accounts.

Paytm is a free app and there are no fees for most transactions. However, there may be fees for certain types of transactions, such as foreign exchange or money transfers, and merchants may be charged fees for accepting payments through Paytm.


Unlimited free transactions using debit card (domestic within India)

International charges of 4%

Key Features:

-Great for bill payments

-Easy money transfers for bank to bank transactions

-Access to loans, insurance, and mutual funds

-Good for small businesses

Security Features:

-Offers Paytm Security Shield feature

-Data encryption of financial information

-Two factor authentication


Based in India

Able to use app internationally to pay India based merchants


Wallet balance limited to Rs. 1,000,000.

Limits are raised with ID verification


-Simple money transfers for bank to bank transactions

-Easy for transactions

-Offers rewards

-Great ticket booking system


-Some reports of technical issues

-Slow app loading time

-Lacking some business billing features



Robinhood is a commission-free stock trading and investment app that allows users to buy and sell stocks, ETFs, options, and cryptocurrency.

 It was founded with the goal of making investing accessible and affordable to everyone, and has since become one of the most popular investment apps among novice and experienced investors alike.

Some of the key features of Robinhood include:

-Commission-free trading: Robinhood does not charge commission fees for trades, making it an attractive option for those who want to minimize their investment costs.

-Easy-to-use interface: The Robinhood app has a user-friendly interface that makes it simple and intuitive for users to buy and sell stocks and other investments.

-Wide range of investment options: In addition to stocks, Robinhood offers access to ETFs, options, and cryptocurrency, giving users a diverse range of investment options to choose from.

-Real-time market data: Robinhood provides real-time market data and news, allowing users to stay informed about market trends and make informed investment decisions.

-Investment portfolios: Robinhood allows users to create and manage custom investment portfolios, which they can use to track their investment performance over time.

-Crypto trading: Robinhood offers commission-free trading for several popular cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, allowing users to easily buy and sell cryptocurrency.

-Cash management: Robinhood also offers a cash management feature, which allows users to earn interest on their uninvested cash, receive early access to their deposit, and enjoy FDIC insurance on their balance up to $1.25 million.


$5 a month for Robinhood Gold plan

Transfer fees (for Outgoing ACATS or Mailing check overnight)

Regulatory trading fees 

Other service fees (such as paper stations/overnight mail)

Key Features:

100% commission-free stock reading (including ETF and cryptocurrency trading)

Security Features:

-Two factor authentication

-Encryption of sensitive information


Available to almost every country in the world (with the exceptions of Cuba, Irna, North Korea, Syria, and Crimea region of Ukraine)


Instant deposits to your bank are limited based on your overall brokerage account value


-Offers crypto currency trading

-Easy to use interface

-No account minimum required


-No access to mutual funds or bonds

-Not the best customer support



Klarna is a Swedish based buy now, pay later payment app.

The Klarna app allows users to shop online and pay later, either in full or in installments, at over 200,000 online stores.

Some of the key features of the Klarna app include:

-Pay later: Klarna allows users to shop online and pay for their purchases later, either in full or in installments. This feature makes it easy for users to manage their finances and avoid high-interest credit card debt.

-Easy checkout: Klarna integrates with online stores, allowing users to complete their purchases in just a few clicks, without having to enter their payment information.

-Personalized payment options: Klarna offers a range of payment options, including Pay in 4, which allows users to split their payments into four interest-free installments. Users can choose the payment option that works best for their budget and needs.

-Mobile app: The Klarna app provides a convenient and secure way for users to manage their finances and make purchases on the go.

-Credit reporting: Klarna reports users’ payments to credit bureaus, which can help improve their credit scores and increase their financial stability.

-Fraud protection: Klarna uses advanced security measures to protect users’ personal and financial information and detect and prevent fraud.

-Customer support: Klarna provides 24/7 customer support to help users with any questions or concerns they may have.


Monthly fee of $4.99

Key Features:

-Offers financing options from 6 to 36 months (usually with a 19% apr)

-Can be used at +7,500 retailers including those in the US

Security Features:

-Accredited by Better Business Bureau and has an A+ rating

-Offers two factor authentication


Over 15+ countries worldwide


Minimum purchased of $10

Based on plan (max purchased $1,000 or $10,000 if financing)


-Variety of customizable branding options

-Credit and Debit card processing

-Mobile access


-No ACH payment processing

-Lack of billing or invoicing options

-Some concerns of app security

Western Union


Western Union is a global financial services company that provides a mobile app for sending and receiving money. 

The Western Union app allows users to quickly and easily send money to friends and family around the world, and to receive money in over 200 countries and territories.

Some of the key features of the Western Union app include:

-Money transfers: The Western Union app allows users to send money to friends and family anywhere in the world, either online or in person at a Western Union agent location.

-Receiving money: Western Union allows users to receive money from friends and family in over 200 countries and territories, either directly into their bank account or as a cash pick-up.

-Multiple payment options: Western Union offers a range of payment options, including credit and debit cards, bank transfers, and cash, making it easy for users to choose the method that works best for them.

-Real-time tracking: The Western Union app provides real-time tracking of money transfers, allowing users to see exactly when their money will arrive.

-Secure transactions: Western Union uses advanced security measures, including encryption and fraud monitoring, to protect users’ personal and financial information and ensure secure transactions.

-Customer support: Western Union provides 24/7 customer support to help users with any questions or concerns they may have.


Fees for transactions based on amount

3% of the amount in foreign currency. 

Up to $30 per transfer for domestic transfers. 

Up to $45 per transfer for international transfers

Key Features:

-Send money directly from your bank account domestic/international countries with ease

-Cash pickup available at thousands of agent locations world wide

-Mobile wallet features available on mobile phone

Security Features:

-Encrypted personal data

-Two factor authentication available


Available for over 200 countries/territories  worldwide


$500 a day per chosen card or account

With ID verification can send up to $50,000


-Fast transfers possible

-Able to fund transfer with cash


-Can be expensive when compared to alternatives

-Exchange rates for different currencies vary (so it’s hard to compare cost)

Which Is the No 1 Payment App?

It is difficult to determine a single payment app that is the “number one” as different countries and regions may have different preferences and usage patterns for different payment apps.

However, if we had to pick one it would be Paypal

PayPal is widely considered as one of the most popular and widely used payment apps globally. 

With excellent security features and easy to use payment options (including flexible payment), it makes sense why Paypal is so popular.

 It is available in more than 200 markets and supports multiple currencies. Additionally, PayPal has been in the payment industry for over two decades, and has established a strong reputation for security, reliability, and ease of use.

Our Recommendation for the 7 Most Secure Payment Apps

  1. PayPal: PayPal is one of the most widely used payment platforms in the world, and is known for its security measures, including encryption and 24/7 fraud monitoring.
  1. Apple Pay: Apple Pay uses advanced security features, such as Touch ID and Face ID, to verify transactions and protect users’ financial information. Additionally, the app stores financial information on secure servers, rather than on the device itself.
  1. Google Pay: Google Pay uses encryption and multiple layers of security to protect users’ financial information and transactions.
  1. Venmo: Venmo uses encryption and a secure platform to protect users’ financial information and transactions. Additionally, users can set a password and enable two-factor authentication for added security.
  1. Zelle: Zelle is a popular payment app that is integrated with many U.S. banks, and uses encryption and secure servers to protect users’ financial information.
  1. Square Cash: Square Cash is a payment app that uses encryption and secure servers to protect users’ financial information and transactions. Additionally, users can enable two-factor authentication for added security.
  1. Robinhood Cash: Robinhood Cash is a mobile payment app that is linked to a checking account and is FDIC insured, offering users added security and protection for their funds.

Best Payment App for Small Business 

Square: Square is a popular payment app that is known for its simple setup, low fees, and support for both in-person and online payments.

PayPal: PayPal is a widely used payment platform that offers a variety of payment options, including credit card processing, invoicing, and online payment processing.

Stripe: Stripe is a payment app that is popular among small businesses for its robust payment processing capabilities, including support for recurring payments, subscriptions, and international payments.

Shopify Payments: Shopify Payments is a payment app designed specifically for businesses that use the Shopify platform. It is known for its low fees and integration with the Shopify platform, making it a popular choice for small e-commerce businesses.

Paytm: Paytm is a popular payment app in India that offers a variety of payment options, including mobile payments, QR code payments, and invoicing.

Our Recommendations for the Best Money Transfer App for Android 

Our Pick: PayPal: 

PayPal is a widely used money transfer app that allows users to send and receive money from friends and family, make online purchases, and manage their finances from their Android device.

Runner up: Google Pay: 

Google Pay is a money transfer app that allows users to send and receive money from friends and family, as well as pay for purchases at participating retailers. It is a convenient option for Android users, as it is integrated with the Android operating system.

What Is the Best Payment App to Use? – Conclusion

The best payment app to use is one that fits your needs, preferences, availability, and has limited fees.

Payment apps should make your life easier, and you shouldn’t have to pay extra for using your own money in everyday circumstances.

I’m sure almost everyone uses some sort of payment app – where its for online purchases with Paypal, sending money through Cash App, or doing direct bank to bank transactions with Zelle.

Payment apps have come a long way recently; some even offer features to access investments, earn rewards, and work in perfect compatibility with your bank account.

No matter what your needs are:

-sending money to friends and family

-pay for goods and services internationally

-utilizing payment apps to avoid carrying your wallet everywhere

There’s a payment app for you.

Frequently Asked Questions

What Is a Payment App?

A payment app is a type of mobile application that enables users to make electronic payments using their smartphone or tablet. 

Payment apps allow users to store payment information, such as credit and debit cards, and use it to make purchases in stores, online, or within the app. 

These apps also often provide features such as
-the ability to track transactions

-view account balances

-receive receipts electronically. 

Most payment apps offer the ability to send/receive money from others using peer-to-peer payments. 

The popularity of payment apps has grown in recent years due to their convenience, speed, and security compared to traditional payment methods such as cash or checks. 

Examples of popular and well reviewed payment apps include Apple Pay, Google Pay, and Samsung Pay.

Which is better: Cash App or Venmo?

Cash App and Venmo are both popular peer-to-peer (P2P) payment apps that allow users to send and receive money quickly and easily. Both apps have their own unique features and benefits, so it really depends on what you’re looking for in a payment app.

Here are some of the key differences between Cash App and Venmo:

Cash App:

-Offers a Cash Card, which is a debit card that can be used anywhere Visa is accepted

-Allows users to invest in stocks and cryptocurrencies

-Has a feature called “Boosts,” which provides discounts on certain purchases made with the Cash Card


-Has a social aspect, allowing users to share transactions and payments with friends and family members

-Offers the ability to split payments with friends, which can be useful for sharing the cost of a meal or other expenses

-Integrates with several online merchants, allowing users to pay for purchases directly from the Venmo app

If you’re looking for a payment app that provides more features and options for managing your money, Cash App might be the better choice. 

On the other hand, if you’re looking for a more social payment app that makes it easy to split expenses with friends and family members and easily send small amounts of money, Venmo might be a better fit.

What Is the Most Used Payment App in the World?

The most used payment app in the world is WeChat Pay.

 It is widely used in China, where it has over one billion users. 

WeChat Pay allows users to make payments, transfer money to friends and family members, and pay for purchases at participating merchants, all directly from the WeChat app.

In addition to WeChat Pay, other popular payment apps around the world include:

Alipay – a leading mobile and online payment platform in China.

PayPal – a well-established online payment platform that allows users to send and receive money, pay for purchases, and make peer-to-peer payments.

Cash App – a popular peer-to-peer payment app in the United States that offers a range of features and options for managing money.

Venmo – a social payment app that is popular in the United States and allows users to easily split payments with friends and family members.

Google Pay – a digital payment app that allows users to pay for purchases and send money to friends and family members directly from their Android device.

How Do Payment Apps Work?

Payment apps work by allowing users to securely and conveniently send and receive money using their smartphones or other mobile devices. 

How Do Payment Apps Make Money?

Payment apps make money in several ways, such as:

Transaction Fees: Most payment apps charge a fee for each transaction, which can range from a few cents to a percentage of the transaction amount. This is a primary source of revenue for payment apps.

Interest and Investment Income: Some payment apps, such as those that offer digital wallets or peer-to-peer lending, earn interest on the funds held in users’ accounts. They may also invest some of these funds in low-risk investments to earn additional income.

Advertising: Some payment apps generate revenue through advertising, by selling space to companies that want to reach their users.

Premium Services: Some payment apps offer premium services, such as increased transaction limits or additional security features, for a fee.

Interchange Fees: Payment apps that process credit card transactions earn a fee from the credit card companies for each transaction.

Are Payment Apps Safe?

Payment apps can be safe, but it is important to understand the security measures that each app has in place. 

Here are some things to look for when evaluating the security of a payment app:

-Encryption: Does the app use encryption to protect sensitive information like account numbers and passwords?

-Two-Factor Authentication: Does the app offer two-factor authentication, which requires a user to provide a code from a secondary device to log in?

-Fraud Detection: Does the app use machine learning and other technologies to detect and prevent fraudulent transactions?

-User Verification: Does the app require users to verify their identity before making transactions?

-Financial Regulation: Is the app subject to financial regulation, such as the Payment Card Industry Data Security Standard (PCI DSS)?

-User Agreement: Does the app’s user agreement outline the company’s responsibilities and limitations with regards to security and data protection?

What Is the Safest Payment App?

It is difficult to determine the “safest” payment app, as the level of security can vary greatly depending on the app’s security measures, the user’s behavior, and other factors. However, some payment apps that have a reputation for strong security measures include:

-Venmo: This app uses encryption and offers two-factor authentication. Venmo also allows users to link their bank accounts for added security.

-PayPal: This well-established payment app uses encryption and two-factor authentication, and it offers a range of fraud protection services to its users.

-Zelle: This app is integrated with many US banks and uses encryption to protect transactions.

-Google Pay: This app uses encryption and two-factor authentication to protect transactions.

How Much Does a Payment App Cost?

Which Payment App Is Free?

While most payment apps are freed to download and use, there are a variety of ways that these payment apps may not be free such as

-fees for transfers

-fees for instant transfers

-fees from banking institutions

-fees for international transfers/payments

-fees for using credit cards to fund payments


When searching for the best payment app, it’s crucial to consider specific criteria to ensure that the app meets your needs. 

Here are some of the factors we evaluate when determining the top payment apps.

Ease of Use: does the app have a simple to use interface and make the features readily accessible

Standout Features: Aside from the main purpose of payment apps (to send/receive funds) does the app include any other features that give it a leg up on its competition?

Security: The security of your funds is of utmost importance. We examine the security features of each app, such as two-factor authentication and fraud detection, to ensure your money is kept safe.

Fees: Not all payment apps are free to use, so we take into account the fees involved and look for affordable packages to ensure you’re getting the best value.

Availability: Availability is also a crucial factor. Some apps are only accessible in the U.S., which can be limiting for those with international connections. We take into account the availability of each app, as well as any restrictions on how much money you can send or receive and any additional fees that may apply.