What’s Better: Apple Pay Cash Vs Google Wallet Vs Venmo

Apple Pay Cash is the company’s theoretical killer Venmo, a service you can use to send and receive money via iMessage on your iPhone. Sounds great, but with so many peer-to-peer payment systems, do you really need to sign up?

Most offer the same basic security (read on for more , although note that Venmo and Square now offer two-factor authentication ). Apart from that, here is a comparison of the most popular payment platforms.

Apply Pay Cash

Not to be confused with Apple Pay, which you use in stores to pay for goods and services, it is a peer-to-peer payment system that you use with your iPhone, which essentially acts as a bank account on your phone (similar to how Venmo stores money for you in annex).


  • Easy to use if everyone has an iPhone.
  • More private than Venmo (you may not consider it a plus, but I do).
  • You can spend money on your Apple Pay Cash card in the app store or in stores that accept Apple Pay .
  • Requires setting up two-factor authentication for your iCloud account.
  • There is no charge for sending, requesting or receiving money.


  • Both the sender and the recipient must have an iPhone / iPad / Apple Watch and iOS11.2 / watchOS 4.2 installed.
  • There is a 3% charge when sending money from a credit card to an Apple Pay Cash card.
  • A minimum of $ 10 to add money to your Apple Pay Cash card (and a maximum of $ 3,000).
  • Bank transfers take one to three days.


  • You need to authenticate every payment made using Apple Pay Cash with Face ID on iPhone X or Touch ID on other iPhone / iPad models.

Google Wallet

Google Wallet is a free p2p payment system.


  • You can send money through the app, to Gmail, on the web, or using text messages .
  • You only need someone’s email address or phone number to send money.
  • Money can be sent directly to your bank account if you choose this by default.
  • Money can be spent instantly from a Google Wallet card.
  • You can add multiple bank accounts.
  • There is no charge for sending and receiving money.
  • You can cancel the money sent if the person hasn’t requested it yet.


  • You cannot transfer money to people outside the US (or UK).


A peer-to-peer payment system that’s easy to use and popular with millennials.


  • Anyone can use Venmo as long as they have an account.
  • You can use Venmo as a payment method on websites / through apps via PayPal (which Venmo owns).
  • You can send money via iMessage if you have at least iOS10 (payments are transferred to the recipient’s Venmo account).
  • There is no charge for sending, requesting or receiving money.
  • You can spy on your friends / chat.


  • Each starts with a weekly transaction limit of $ 299.99. If your identity is verified, your sending limit increases to $ 2,999.99 over any seven-day period.
  • You cannot cancel payments to the wrong users.
  • Bank transfers take one to three days.
  • You can spy on your friends / chat.


Consider Zelle as your parent’s Venmo alternative. It is a peer-to-peer payment system that works with major banks such as Bank of America, Chase, Citi, and Wells Fargo, and the advantage is that transactions can take place in minutes instead of days if all bank members offer the service.


  • Faster than services like Venmo – Zelle’s whole goal is that money is automatically deposited into your bank account, even if it’s transferred from another bank.
  • If your bank is a Zelle partner , you can use your bank’s application to transfer money.
  • You only need someone’s email address or phone number to send money to them.
  • There is no charge for sending, requesting or receiving money.


  • You can only cancel the payment if the recipient is not registered with Zelle, otherwise it will be transferred directly to his bank account.

Square cash

Square Cash , or the Cash app, is also a peer-to-peer payment system.


  • It can be used by anyone and is relatively easy to navigate.
  • Will send you a debit card associated with your account with which you can use the IRL.
  • Can also be used for business transactions.
  • There is no fee for sending, requesting or receiving money if it is a personal account.
  • You can enable “Automatic Withdrawal”, where people transfer funds directly to a linked bank account.


  • For each instant deposit, a commission of 1% is charged (from the amount of the deposit).
  • There is a 3% charge when sending payments by credit card.


PayPal is an OG P2P payment system, although it seems more popular with small businesses or people who pay for eBay / services online these days.


  • Easy to set up / use.
  • Some retailers offer special offers or discounts to PayPal users.
  • No commission when sending money from PayPal balance or bank account.
  • Can be used to send / receive money outside of the US
  • There are no weekly transaction limits.


  • There is a 2.9% fee for sending money using a debit or credit card , plus $ 0.30.
  • You can get money from your PayPal account as a check for $ 1.50.
  • If you use it as payment in retail stores, you will lose points / credit card rewards.


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