It wasn’t that long ago when we didn’t have options to do money transfers except directly through bank accounts. Nowadays, we have apps like Venmo, Cash App, and many more. But how to pay someone without Venmo if you don’t want to use this app? Find out in this article.
How to pay someone without Venmo? There are a few different ways to pay someone without Venmo:
- One option is to transfer money directly from your bank account to the other person’s bank account.
- Another option is to use a service like PayPal or Google Wallet. These services allow you to send payments electronically without having to share your banking information.
- Finally, you could also meet up with the person and give them cash.
On the other hand, if you use Venmo and send money to someone who doesn’t have a Venmo account, that person will have to open an account and provide its e-mail or phone number to receive funds.
How to Pay Someone Without Venmo – Best Options for Online Payment?
There are plenty of options you can use to send and receive money other than Venmo. For example, if you wish to send money abroad to someone that doesn’t have any bank account or PayPal, you can use Western Union. All you need is that person’s name.
You give them a control number, and they can easily receive money in most countries in the world. Just keep in mind that Western Union’s fees are pretty high.
Here are some other options you can use and their comparison.
|Zelle||Deliver money within minutes between bank accounts at different financial institutions||People who need to transfer a maximum of $2,000 or $2,500||Not made for buying or selling things|
|Cash App||App that allows no-fee sending and receiving money||Best for a referral bonus||You can receive maximum of $1,000 per 30 days|
|PayPal||One of the most popular apps with high transfer maximums||Offers free transfers in the US when linked with a bank account or Paypal balance||Money transfer to a bank account can last for 1-4 business days|
|Google Pay||Offers easy money transfer via e-mail||You will get instant funds transfer without a fee||The maximum you can send is $5,000 every seven days|
What Is the Best Money Transfer App?
Well, the answer will depend on your needs. For example, if you need to send money internationally, using Western Union or MoneyGram is probably the best option.
Of course, you can send money to other countries via PayPal as well. The only problem is that linking PayPal to bank accounts in some countries can be tricky or even impossible.
If you need an app to transfer money fast inside the US, Venmo is the best choice. Because setting up an account is fast and easy, even if you send money to a person who doesn’t have an account, the money will be available for them as soon as they open up an account and link them to their bank account.
What Is Venmo, and How Does It Work?
Venmo is a social payment service that many people use to transfer money to each other. And even though the app is similar to PayPal, the big difference is that on Venmo, you can share and like payments as well as purchase something you like through a social feed.
In order to use Venmo, you need to link your bank account, debit/credit card, or have money deposited on your Venmo account. The money is easily sent through an app. All you need to have is the e-mail or phone number of the person you wish to send money to.
How to Use Venmo to Transfer Money? Are There Any Fees?
So how to Venmo payment to someone, and what about the fees? As we mentioned, sending money is pretty easy with Venmo. All you need is a person’s phone number or e-mail. You can even sync all your Facebook contacts with a Venmo account.
Even though Venmo states that there are no fees for sending money, there are still exceptions when certain fees will be charged. Find out when and how much Venmo will charge you:
- If you send money using your credit card – If your Venmo account is linked with your credit card, you will be charged a 3% fee.
- If you are withdrawing cash using instant transfer – If you decide to withdraw money from your Venmo account instantly, you will be charged a 1% fee, but the funds will be on your bank account within 30 minutes.
- If you withdraw money on an ATM that is not part of the MoneyPass ATM – If you are using a Venmo debit card and withdraw money out of the MoneyPass ATM network, you will be charged $2.50.
How to Pay Someone on Venmo Without a Bank Account?
If you wonder how to pay someone on Venmo without an account or how to pay someone on Venmo without a credit card, we have to disappoint you by saying that this is not possible. You need to have either a Venmo account or a bank account. It is impossible to send or receive money on Venmo if you don’t have an open account.
So your first step needs to be to open up an account on Venmo and link it with your bank account. On the other hand, if you don’t have a bank account but want to use Venmo to receive the money, you can apply for a Venmo card.
This card is similar to a regular mastercard, and it represents your balance on Venmo. People usually take these Venmo cards for their teenagers who can receive their birthday money through Venmo and keep them safe on their accounts.