Cash App Vs Venmo Fees. You can send money to, or request from, anyone with a cash account, and funds are drawn from a linked bank account via debit card at no cost. First of all, both apps are free to download and use. Venmo and cash app, for instance, charge no fee for standard transfers, which can take a day or two, but charge a fee for “instant” deposits, which move money into your linked account in minutes.
Cash app did just that in july, reaching 33.5 million cumulative downloads over venmo’s 32.9 million, according to one analyst. Zelle ties directly to a bank or credit union account and funds are transferred directly to and from that account.
Most venmo competitors, like square’s cash app, share the same core feature:
One of the major differences is the wide array of uses that cash app boasts, including the ability to buy and sell both stocks and bitcoin. Given venmo's social aspect, the app is typically used for smaller transactions like paying back a friend for dinner or a lyft lyft ride. Free, but when people pay you, it takes. The venmo fees compare to cash app fees are both a match.
