Overview Perhaps the best-known “wire transfer” provider in the U.S., Western Union has offered its money transfer service in some form since 1871. The company’s current peer-to-peer payment solutions include ACH transfer, money order, and a mobile app that allows users to send money to each other. Western Union money orders can be purchased at […]
Read MoreOverview Launched in October 2013, Square Cash is a free money transfer service offered by the payment processor Square. Originally conceived as a way for people to send and request money via email, the service has since expanded to offer a free app for iOS and Android. To send money via email, users simply open […]
Read MoreOverview Launched in June 2012, Venmo is a personal cash transfer service owned by PayPal. The service enables users to send each other money through a mobile phone app using linked bank accounts, debit cards, and credit cards. To send or request money, users simply login to the app using an ID and password, select […]
Read MoreOverview Launched in December 2009, Dwolla is an independent payment network that acts as an alternative to traditional merchant accounts and major online payment processors like PayPal. Rather than utilizing standard banking networks (which charge interchange fees on each transaction), Dwolla allows users to send and receive money to and from their dedicated Dwolla accounts […]
Read MoreOverview Snapcash is a mobile money transfer service included in the popular messaging app Snapchat. Developed through a partnership with mobile payment processor Square, the service enables Snapchat users to send money to each other for free using a linked Visa or MasterCard debit card. After a debit card has been linked to a user’s […]
Read More