Cash App is a highly popular app that allows users to instantly send and receive money, as well as buy stocks and Bitcoin. Although Cash App has plenty of great things going for it, it’s always important to know all the options that are available on the market. We’ve selected the best Cash App alternatives to help you find the payments app that’s best for you.
Here are the best Cash App alternatives in 2024:
Venmo – Most similar to Cash App
PayPal – Highly popular online payments app
Revolut – Online payments with an extensive suite of features
N26 – Fully-featured online banking platform for European users
Zelle – Peer to Peer payments solution integrated with multiple banking apps
Wise – Best Cash App alternative for international payments
Strike – Cash App alternative for Bitcoin fans
The best Cash App alternatives in 2024 – A closer look
If you’re looking for the best apps like Cash App, we’re certain that our selection will help you find an app that suits your needs perfectly.
While we’ve primarily featured apps that enable easy peer to peer payments, some of the apps featured on our list also have additional features such as international money transfers, investing, savings and more.
1. Venmo – Most similar to Cash App
Venmo is a mobile payment service that has been owned by PayPal since 2013. As a “social payments” app, Venmo offers convenient features that simplify the process of splitting bills, send gifts and payments with personalized notes. When making a payment, users can choose to share it with others or keep it private – this is important for users to understand because of the feature’s financial privacy implications.
The platform offers free transfers when you send money from a linked bank account, debit card, or your Venmo balance. However, there is a 3% fee for transactions made using a linked credit card.
Venmo users can access a debit card, which allows them to spend their Venmo balances at any store that accepts Mastercard.
Venmo is a great option if you’re looking for an extremely simple app that makes it easy to send and receive money from your friends. However, it’s important to keep in mind that Venmo is only available in the United States.
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2. PayPal – Highly popular online payments app
PayPal is one of the world’s most popular digital payment platforms, as it currently has more than 190 million active accounts.
Although PayPal is perhaps best known as a way to make payments when shopping online, it can also be used to send money to friends and family. A useful feature of PayPal is that you can send a money request to anyone who has an email address, even if they don’t have a PayPal account yet.
If you send a domestic payment from your PayPal account to another PayPal user, the platform doesn’t charge any fees. For payments made with cards, PayPal charges 2.9% of the transaction amount plus a fixed fee.
PayPal offers extra benefits such as a credit card, pay-later options, rewards, cash back, and the capability to purchase Bitcoin, similar to features found in Cash App.
In addition, PayPal implements advanced encryption and fraud monitoring to ensure that users remain safe when transacting on the platform.
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3. Revolut – Online payments with an extensive suite of features
Revolut is a neobank and fintech company headquartered in London and licensed by the Bank of Lithuania. Revolut provides a mobile app that offers a range of money management, payments, and investment services.
Revolut has a very extensive set of features, but it can also be used for sending and receiving money from your friends. The app has “social finance” features built into it, such as splitting bills and sending gifts. You can send money directly to your Revolut contacts or create a unique payment link that makes it easy for other to make payments to you.
Like with Cash App, you can use Revolut to invest in Bitcoin. Compared to Cash App, however, Revolut also supports other cryptocurrencies in addition to BTC. Revolut users can buy and sell more than 130 different crypto assets and even earn some crypto by learning about cryptocurrency and blockchain technology. Please keep in mind that Revolut’s crypto features are not available in the United States.
Revolut is available for free, although it does offer two premium tiers for users that want access to advanced features – the Premium plan costs $9.99 per month, while the Metal plan comes in at $16.99 per month.
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4. N26 – Fully-featured online banking platform for European users
N26 is a Germany-based neobank founded in 2013. Customers use the bank through a mobile app and receive a virtual or physical card to make purchases easily. The platform offers useful features such as sub-accounts, which make it easy for users to save their money towards specific financial goals. N26 users can send funds to eachother almost instantly and with no fees.
N26’s Standard offering comes with no monthly subscription, but the company also offers paid plans that range from €4.90 to €16.90 per month.
The N26 platform also caters to cryptocurrency investors thanks to an integration with the Bitpanda cryptocurrency exchange. N26 users in selected European countries can access more than 200 different crypto assets through the N26 app.
Please keep in mind that N26 is currently only available in the European market. The company previously also served customers in the United States, but left the US market in 2021.
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5. Zelle – Peer to Peer payments solution integrated with multiple banking apps
Zelle is a solution that allows users to easily send money to their friends and family members, even if the transacting parties are using different banks. Zelle is available in many different banking applications – for a full list of banks that support Zelle, please consult the list on the official Zelle website.
Since Zelle is integrated with banking applications, you likely won’t even have to install a new app to get started with Zelle. Payments made with Zelle arrive directly in the recipient’s bank account.
Zelle is best used for making payments to people that you know and trust, as the platform doesn’t offer fraud protection. Another important thing we have to mention when it comes to Zelle is that it’s only available in the United States market.
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6. Wise – Best Cash App alternative for international payments
Wise is an online platform that allows users to manage their money online and supports more than 40 different currencies for international transfers. Wise is a great Cash App alternative to consider if you often need the ability to send international money transfers. However, it’s also a solid choice for sending money to your friends, as domestic transfers between Wise users don’t come with any fees.
Wise offers a card in both virtual and physical formats, which function like debit cards. The Wise virtual card can be used with a variety of mobile wallets, including Apple Pay, Google Pay, Samsung Pay, Fitbit Pay and Garmin Pay.
The Wise card can be used to withdraw up to $100 from ATMs abroad without any additional fees (a small fee is charged on ATM withdrawals after the first $100).
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7. Strike – Cash App alternative for Bitcoin fans
Strike is a mobile payment app that uses the Bitcoin network to enable fast and cost-effective global transactions. Available on iOS and Android in the U.S. and several other countries, it allows users to send and receive money in various currencies, including Bitcoin, without intermediaries or fees.
Strike has entered a significant partnership with Shopify, enabling users to make payments at millions of American online stores.
The app uses the Lightning Network payment solution for transactions, ensuring quick and zero-fee transfers of funds. Users can withdraw and deposit BTC from their Lightning wallets, scan QR codes for payments, make micropayments, tip content creators, and earn cash back with a rewards card.
Globally, Strike facilitates Bitcoin transactions at thousands of merchants. Additionally, users can automatically convert a portion (1% to 100%) of their paychecks into Bitcoin using a routing number, enhancing its appeal for those looking to integrate cryptocurrency into their financial life.
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The bottom line
Hopefully, our list of the best Cash App alternatives has helped you find the right online payments app for you. While Cash App provides an excellent platform, no app is perfect, and a competitor might suit your needs better.
If you’re looking to learn more about digital payments, make sure to take our look at our list of the best free virtual credit cards.
