PayPal has been the go-to payment solution for personal use for many years, but there are now several alternatives available. These alternatives offer a variety of features, fees, and capabilities that can suit different users' needs. In this article, we'll take a look at the best PayPal alternatives for personal use in 2023.
Venmo
Venmo is a mobile payment app owned by PayPal. It's free to use and allows users to send and receive money from friends and family. Venmo has a social aspect to it, allowing users to share payment details and send messages. It's available on both iOS and Android.
Fees: Free for standard transactions; 1% for instant transfer to a bank account
Google Pay
Google Pay is a mobile payment app that allows users to send and receive money with anyone with an email address. It's easy to use and integrates with other Google services, such as Google Photos and Google Assistant. Google Pay is available on both iOS and Android.
Fees: Free for standard transactions; 1.5% for instant transfer to a debit card
Zelle
Zelle is a digital payment network that allows users to send and receive money directly to and from a US bank account. It's integrated into many banks' mobile apps, so users can send and receive money without leaving their bank's app. Zelle is available on both iOS and Android.
Fees: Free for standard transactions
Cash App
Cash App is a mobile payment app that allows users to send and receive money from friends and family. It also has a debit card that allows users to spend the money in their account. Cash App is available on both iOS and Android.
Fees: Free for standard transactions; 1.5% for instant transfer to a bank account
Square
Square is a payment processing company that offers a variety of payment solutions for personal use, including the Cash App and the Square Online Store. The Square Online Store allows users to create an online store and accept payments. Square is available on both iOS and Android.
Fees: 2.9% + 30 cents per transaction for the Square Online Store; Free for standard transactions on the Cash App
In conclusion, there are several PayPal alternatives for personal use in 2023, each with its own features, fees, and capabilities. Choosing the best alternative for you depends on your specific needs and preferences. It's important to compare the different options and choose the one that best suits your needs.