Google Wallet VS Dwolla VS Venmo
We will discuss the Top 3 alternatives to paypal that is Google Wallet VS Dwolla VS Venmo so that you can know which one to choose
Top 3 alternatives to paypal
PayPal was one of the best technologies used to pay services or goods / gift or make transactions all over the world. Currently there was not that much interest in alternatives to PayPal. This not only allow you to send and receive money from friends or family but also that the money sent would be much more secure than other many options we would be able to use.
Paypal is a P2P technology: peer-to-peer payment apps make paying friends and family as easy as sending a tweet or a message on Facebook. PayPal is the world leader currently, but there are alternatives that are worth trying.
Nowadays financial transactions, whether it’s the bills that have to pay,shopping,or monitoring our investments, all of them are done online, but you can do it the old-fashion way, like writing a check or withdrawing money from an ATM nearby but that might look quite old and inconvenient.
PayPal has some tools when it comes to billing, doing the e-commerce, payment processing and reporting transactions to allow you to accept payments for services and products without any problem that being said PayPal’s interface is still attractive to its user but that might be because they are used to it. Quite a few other PayPal Alternatives are available with lower rates and many other advantages.
So What this others alternatives have to offer me
Why would i use Google Wallet or Venmo, why not Dwolla
1)Google Wallet
Google Wallet allows you to send money from your bank account to any email address you may want to transfer it totally free.
Google Wallet is simple, you just need a credit card associated with a mobile phone and a confirmation key. Then you just need to find a store with an NFC Wallet terminal and pray God that everything works fine.Unfortunetly, and since technology tends to fail at the most inopportune moment, it will be necessary to continue carrying cash and a card at hand.
Click here for more info about Google Wallet
2)Venmo
Venmo is an application that allows you to pay, receive and request money from your friends or contacts. This application is a very easy and convenient way to pay your friends or any family member when you owe them money and won’t use cash instead. You just have to indicate the amount you want to send to your friend in the application and this will take care of all the work of transferring the money virtually to the account.
Venmo (a subsidiary of PayPal) is like PayPals kid is a new online payment system, widely popular with millennials.
It is a digital wallet that let the users to send money to their contacts. It is more like a personal tool. Its also somewhat related to a social media platform.
With Venmo, sending money from your bank account is free if your using your debit card, but if you pay with a credit card they will charge you 3% of the total amount. Not convenient if you want to save a few pennies.
Why would I use Venmo?
You can use Venmo to pay a friend half a cab fare, split a lunch account, send your roommate half of his rent, etc…
3)Dwolla
We all have friends on Facebook and Twitter and that’s fantastic .What if they put money in your account,that would be even greater. And just this is Dwolla does,Dwolla is a peer to peer payment platform that will allow users of these social networks to exchange funds in a simple way even though you will have to pay an additional fee US $ 0.25 per transaction.
While transferring money through the Dwolla app is straightforward, its verification process is quite rigorous not like Paypal, this platform when you sign up you may be prompt to submit a verification photo so that they can confirm your authenticity and wait a couple of business days for their approval.
Dwolla is only available in the US, which is a major limitation to others available in the market.
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Have you heard of Cash App.We are an special article for you here at Topemesh
