MONEY PARTNERS

Disadvantages

• ✗Zelle does not support credit card payments and requires recipients to enroll before receiving funds.
• ✗Zelle only supports transfers within the U.S., excluding international bank accounts.
• ✗Venmo charges a 3% fee for credit card transfers and a 1.75% fee for instant cash-out to bank accounts.
• ✗Cash App imposes a 3% credit card send fee and up to 1.75% fee for instant deposits.
• ✗PayPal charges 2.9% fees for credit/debit card and PayPal Credit payments and fees for instant transfers.
• ✗Apple Cash works exclusively on Apple devices and is incompatible with Android or other platforms.
• ✗Social media payment apps often lack advanced features and are vulnerable to scams, posing security risks.