Need to send someone some money? Whether paying someone for their services as an independent contractor or giving a generous gift, there are plenty of options available. Mobile banking apps and user-friendly digital payment processors are plentiful, giving you many ways to choose how you send payouts. You can even use APIs to send payment links and let your recipient choose how they get their money.
Not sure where to start? Here are some of the most popular ways to send money.
Cash App
Cash App is a popular P2P platform available to users in the United States and the United Kingdom. It's a stripped-down app that doesn't have many of the extra features of other services. However, that's what people love about Cash App.
It's a no-frills option that lets you send payments quickly and efficiently.
PayPal
You can't go wrong with PayPal. Available in many countries around the globe, it's your best bet for sending international payments. Thanks to its widespread availability, it's a favorite among marketplace sellers, global gig workers, and more.
Venmo
Venmo is a unique platform owned by PayPal. It has the efficiency of its parent company, but Venmo is more social. You can connect with friends, send quick payments to cover small purchases, and share transaction histories.
Zelle
Zelle is a service utilized by more than 10,000 financial institutes. You can send payments in minutes with nothing more than an email address or phone number. It has excellent confirmation features, and recipients sometimes needn't download the app to get their money.
Google Pay and Apple Cash
These two services are available from tech juggernauts. They work similarly, acting like a digital bank account. You can link your debit card, move money in and out of the app, send funds to friends, make purchases, and more.
The services are mobile-centric, making them excellent choices for splitting bills, sending cash to contacts, etc.
Whether you use one of these services or opt for flexible payment links, sending money payments has never been easier. These platforms streamlined payment processes, eliminating the headache of detailed accounting and working with banks directly.
Author Resource:-
Emily Clarke writes about multiple payment platforms, payouts API, marketplace payouts and more. You can find her thoughts at marketplace payouts blog.