![]() These include paying with your Cash App or Venmo debit card, sending money from your bank account or debit card, and transferring funds to your bank account using the standard process, which takes around one to three business days for both mobile payment apps. Unlike Cash App, though, you don’t have to approve a payment - it will be added to your balance right away.Ĭash App vs Venmo: Bank Transfer Fees and Hidden Costs Photo from Venmoīoth Cash App and Venmo don’t charge for basic transactions. If you choose to make the transaction public or visible to friends, it shows up on your feed once the person has approved the request. You also have the option of making the transaction public, private, or visible to friends. When you request money on Venmo, you can send stickers and emojis when you type in what the request is for. Venmo’s payment request system is pretty much the same, but with a couple of added features. Sometimes, though, you’ll have to accept the payment before it shows up on your account. Once the person you’re requesting from accepts the request, you’ll see the amount on your balance. All you have to do is go to the Cash tab (the money icon at the bottom), type in the amount, contact information, and reason for the request, then confirm. Both apps also make it easy for you to request a payment.Ĭash App’s payment request system is more straightforward. Cash App lets you receive funds via bank account, mobile wallet, ATM, and debit card. In terms of ways of receiving money, Cash App and Venmo are on the same playing field. That way, you don’t need to have someone’s contact information before you can pay them, which makes paying friends or colleagues much quicker and easier. Simply tap on someone’s name or icon, and send them the amount they need. With this feature, you’ll be able to see other nearby Cash App or Venmo users on your app when you have your phone’s Bluetooth on. By contrast, Cash App only lets you link one bank account and one card to your Cash App account.īoth apps also let you pay via Bluetooth low energy (or Bluetooth LE), a feature they both call Nearby Payments. However, Venmo makes up for this by letting you link two bank accounts and two cards to your account. ![]() With Venmo, on the other hand, you can only choose between three payment methods: your bank account, debit card, or credit card. Besides being able to pay through your bank account, credit card, and debit card, you can also make payments using Google Pay and Apple Pay. ![]() Cash App vs Venmo: A Quick Comparison Featuresīank account, debit card, credit card, Google Pay, and Apple Payīank account, debit card, and credit cardīank account, mobile wallet, ATM, debit cardįree for standard transfers, 1.5% for instant transfers, 3% for transfers via credit cardġ-3 business days for standard transfers, at most 30 minutes for instant transfersĬash App vs Venmo: Payment Methods Photo by Tech Daily from UnsplashĬash App has an advantage over Venmo when it comes to payment methods. ![]()
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