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When you send, you have several different funding options: Current offer: Your first three are FREE! With WorldRemit, you can send money in your region (same currency) for free. We also think Venmo is easier to use than PayPal. This platform makes it easy to send money for free. Those fees get annoying because you don’t get all of the cash your friend owes you.Īs a bit of irony, PayPal owns Venmo.
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The sender doesn’t pay the 3% fee, but the recipient does. This is because the default “send money” option is making a purchase. However, many of our friends have trouble finding that feature in the app. PayPal does have a free friend and family option if both parties use PayPal.
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It’s also our favorite app to send money.
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Venmo is our favorite PayPal alternative, as PayPal charges a 3% fee for most transfers.
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It’s also free to transfer money from your Venmo account to your bank account. The person receiving the cash never pays a fee to receive money. You pay a 3% fee if sending money with a credit card. It’s free to transfer money to other Venmo users from these three sources: If you currently use apps to send money, you probably know about Venmo.
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