![]() The most well-known P2P payment service app, PayPal, allows for international payments, creating and sending business invoices, and paying for purchases in installments. The app also requires users to download it, whereas you can send funds through Zelle without installing a new app. Cash App does not make payments discoverable and available for likes and comments as Venmo does. Like other popular P2P payment apps, sending and receiving money on Cash App is more convenient than taking a trip to a local financial institution, such as one of the top national banks or credit unions.Ĭompared with the other top P2P apps, Cash App lacks a few features. How does Cash App compare to other P2P apps?Ĭash App is a P2P service owned by Block, Inc. Some newer features allow users to invest in stocks and cryptocurrency or receive direct deposit payments from employers. Receiving a paycheck through direct depositīecause of their convenience, P2P payment apps are increasingly common. ![]() Some common reasons to use a P2P app include: Apps like Paypal, Venmo, Zelle and Cash App allow friends and family to send funds to each other through their mobile devices instantly. Peer-to-peer payment services (P2P) are applications that can send and receive money faster than the best online banks. Hawaii Alaska Florida South Carolina Georgia Alabama North Carolina Tennessee RI Rhode Island CT Connecticut MA Massachusetts Maine NH New Hampshire VT Vermont New York NJ New Jersey DE Delaware MD Maryland West Virginia Ohio Michigan Arizona Nevada Utah Colorado New Mexico South Dakota Iowa Indiana Illinois Minnesota Wisconsin Missouri Louisiana Virginia DC Washington DC Idaho California North Dakota Washington Oregon Montana Wyoming Nebraska Kansas Oklahoma Pennsylvania Kentucky Mississippi Arkansas Texas Get Started What is a peer-to-peer payment service (P2P) app?
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