Are There Money Limits to Mobile Payment Apps? For details on that, see the International Support section below. International transfers pay even higher fees. Google Pay doesn't charge to dump money into your bank account.

Zelle is the best deal here: Because it's connected to the banks, sent money goes straight into your bank account, rather than into the payment service account. Cash App charges 0.5% to 1.75% fee for instant deposits (with a minimum fee of $0.25), and Venmo charges a 1.5% fee (with a $0.25 minimum fee) per expedited deposit. Some services charge yet another fee when you want to transfer received money to your bank account. Some cards offer cash-back points (and you may even get bonus points for using mobile payments), so you'll want to do the math to see which payment method benefits you most. A fee of about 3 percent comes from the credit card provider when you use that as your payment source. Most person-to-person payments are free with these apps, unless you use a credit card rather than a bank account or debit card. Several of the apps, like Venmo, require a fee to dump money from your app account into your bank account (see next section). Zelle and Google Pay are the exceptions here, delivering funds directly to the recipient's bank account. When you receive money, most apps store your money in a holding place, a sort of limited bank account. With Apple Pay, you can only pay contacts who have iPhones, though, whereas Venmo and the rest are cross-platform services.

Apple Pay Cash, Google Pay, PayPal, Cash App, and Zelle all let you settle up with other people. There are plenty of other choices for paying your friends directly, however. Probably the most buzzworthy mobile payment option is peer-to-peer payments, as exemplified by Venmo. How to Send Money With Mobile Payment Apps Then lend a buddy cash, buy yourself lunch, or go hard with online purchases. Ready to put mobile payment apps to work? First read about their various features to help find a service that best suits your needs.

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