Peer-to-peer (P2P) money transfer apps let you send money from one person to another or from one business to another quickly, cheaply, and safely. They make paying easy, and you can link your credit card or bank account to a digital wallet. You can buy things and pay for them online with just a few taps on a mobile device.
The best apps for sending money have high ratings in the app store, help people send money safely, and don’t have hidden fees. They also meet the consumer’s needs, like international payments, social, digital wallet options, and more.
ALSO READ: The Best Mobile Insurance as of 2022
The Best Apps for Moving Money in 2022
- Best Overall: PayPal
- WorldRemit is the best for sending money abroad.
- Most affordable: Venmo is the best cash app for splitting bills.
- Facebook Pay is best for small amounts.
- Best for Bank-to-Bank Transfers: Zelle
How do apps that send money work?
Money transfer apps make sending money to someone else easy and quick. Some apps hold your money, and others move it from one bank to another. Some money transfer apps are designed to meet the specific needs of each user.
Are apps that send money safe to use?
Most money transfer apps have strong safety features to keep your money safe. But you should be aware that if you send money to the wrong person, you might not get it back. Providers might not be able to help get lost money back. Send money only to those you know and trust.
How long does it take for an app to transfer money?
It takes different amounts of time. Some transfers happen right away, while others may take a few days. Remember your needs and how much time you have to choose the best app.
How We Picked the Best Apps to Send Money?
We looked into 13 apps for sending money. First, we looked at how each app was rated in the store. Then, we tested each app for how easy it was to use and how fast it processed transactions. We also looked at which systems each app worked with and evaluated each app’s security features to narrow our search. Then, we figured out how much you could send and receive with each app.
We finished the list by looking at each transfer option’s fees and how flexible it was, and we gave final preference to apps with unique features.
ALSO READ: The Best Electric Bike Insurance as of 2022