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But once you provide the app with some personally identifying information, those numbers rise to $2,500 and unlimited, respectively.Square Cash also has some innovative technologies to help redistribute wealth.
Below the chat box there’s a circle with a dollar sign in it — tap that.But it’s in this game to make a buck, and it’s shrewder than the competition.While the company says it’s “usually” free to send or receive money using the app, that’s only true as it applies to your Pay Pal balance or bank account. But the fact that Pay Pal is so widely accepted makes these fees worth it, sometimes.“Venmo’s huge month is yet another example of this trend.” Ready to empty your pockets and invest in a digital wallet instead?Check out these five options for sending money using your smartphone.Facebook Payments In an effort to turn Facebook Messenger into a one-stop-shop for all sorts of services, everyone’s favorite social network added peer-to-peer payments to its mobile app in 2015.
Sending and receiving money using Facebook Payments is almost as easy as chatting.
And it looks like Pay Pal threw a lot of money into making its new app.
With “Send Money” and “Request Money” literally at the center of the app, its clear that Pay Pal is prioritizing cashless transactions.
“Cash was once the king, and it still is in certain pockets of the economy,” says David Wolman, author of The End of Money.
“But with every new digital money innovation, paper money looks more and more like a modern-day monarchy: antiquated, impractical, and expensive.” Thankfully, a bunch of new apps make it simple to send small amounts of money to friends, family, landlords and more.
Google Wallet Though it’s been around for a while as a loyalty card and wireless payment system, the current iteration of Google Wallet is all about sharing your wealth with friends and family.