Venmo, while popular, is not the only option for digital transactions. In 2024, there are several notable alternatives:
1. Cash App: Allows you to send and receive money almost instantly. It offers the ability to invest in stocks and Bitcoin, and provides a Visa debit card for everyday expenses.
2. Apple Cash: Ideal for Apple users. It allows you to send and receive money without commissions, although it charges a 1.5% fee for instant transfers to bank accounts.
3. PayPal: World's leading digital payment platform, allows you to send money to friends and family. It offers additional benefits such as credit card, deferred payment options, rewards, cashback, and the ability to purchase Bitcoin.
4. Zelle: Payment solution integrated with a large number of US banks. Allows you to send money to friends and family without fees.
5. Revolut: Fintech platform with a wide range of money management, payment and investment services. It allows you to invest in Bitcoin and more than 130 other cryptocurrencies.
6. Wise: Ideal for international transfers, supports more than 40 currencies. Domestic transfers between Wise users are free.
7. Strike: Mobile payment application that uses the Bitcoin network to offer fast and affordable global transactions. It allows you to send and receive money in various currencies, including Bitcoin, without intermediaries or commissions.
These Venmo alternatives offer a variety of additional features that may better suit your digital payment needs.