10 Best Payment Apps For The Start Of 2024

10 Best Payment Apps For The Start Of 2024

With the help of payment apps, it is easier for business owners to make faster payments. They can use their smartphones apart from using traditional payroll methods. The best payment apps also come with various connection and integration options.

To learn more about the best payment apps of 2024, read on through to the end of the article.

What Are The Best Payment Apps For 2024?

The following are some of the best payment apps in 2024:

1. PayPal


This is one of the oldest and most-used payment apps in the world. When it comes to international payments, this is one of the best ones to choose.

+ Simple and easy to use
+ Strong security and encryption
+ Paying friends and family is free
– There are fees for business accounts
– Packaging and services can be a bit confusing
– There are transaction fees with some banks

2. FreshBooks


Although it is mainly accounting software, FreshBooks also comes with one of the best payment apps you will ever find.

+ You will have a 30-day free trial
+ A great option for small businesses
+ Invoicing is really easy
– There is a limitation on the number of clients
– Holding money is not possible
– The app does not contain payroll options

3. Stripe

According to the Forbes Advisor – “Stripe is regularly recommended by web developers and e-commerce specialists. It has a 4.7-star rating on Capterra with over 2,000 reviews. Negative reviews talked about problems with support and unwarranted customer refunds. Similar reviews were found on G2 with over 140 reviews.

+ The user interface is easier to navigate
+ The invoicing and regular billing options are simple
+ When you move to a different payment system, you can take the customer data with you
– The first payout can take up to 14 days
– Various payment features do not look simple

4. QuickBooks Online

QuickBooks Online

QuickBooks Online is one of the best payment apps for small businesses. Apart from that, you can also integrate it well with other QuickBooks applications.

+ It is easy to categorize business expense deductions since it is automatic
+ Payment to employees and contractors is automatic
+ It is easy to track your taxes
– The user interface may seem difficult to many
– The advanced options on QuickBooks Online are expensive
– There is a lack of features on the mobile app

5. Venmo


According to Investopedia,

The standard bank transfer through the ACH network to a verified checking account typically takes one to three business days to arrive. You can keep money in Venmo or your bank account. Venmo requires a person-to-person spending limit of $299.99, but users can increase the weekly rolling limit up to $60,000 by verifying their identity.”

+ Money transfer happens within thirty minutes
+ All banks in the United States support Venmo
+ The app is easy to set up and simple to use
– There were safety and security concerns in the past
– If you want to do instant cash-out transfers to your bank account, you will have to pay a fee

6. Zelle  


Zelle is the best payment app when it comes to bank-to-bank payment transfers. Although it is available for free, certain banks may charge for its use. One of the best things about this app is that transfers happen pretty quickly.

+ If both the sender and the recipient have the app, the payment is fast
+ The app has high compatibility with hundreds of banks and credit unions in the United States
– It is not possible to link your account to a credit card if you want to use it as a payment method
-Transfer to international bank accounts is not possible
To receive money, it is compulsory to sign up to Zelle

7. Cash App  

Cash App

If you are a growing investor, Cash App is one of the best options to choose for your business. It is free to download and consists of basic services. The app enables its users to invest money in individual stocks and also buy and sell cryptocurrencies.

+ Users who opt-in get a free debit card
+ If you set up a direct deposit, you get free ATM withdrawal
+ You will have access to discounts with certain retailers
+ You can get features to invest in stocks and buy and sell crypto
– Users who opt-in get a free debit card
– If you set up a direct deposit, you get free ATM withdrawal
– You will have access to discounts with certain retailers
– You can get features to invest in stocks and buy and sell crypto

8. Remitly  

Remitly- Best Payment Apps

This is one of the best apps for international transfers. However, the app is free to download. Furthermore, the cost of transfer varies from country to country.

+ The fee structure is pretty straightforward
+ You will get affordable economy transfers
+ The user ratings are high on the Play Store and App Store
+ The app comes with a big network of financial partners. This will further help you in sending money for cash pick-up
– If you want to link a credit card as a payment method, you will need to pay extra charges
– Express transfer fees can be really high at times

9. Google Pay  

Google Pay- Best Payment Apps

This is one of the best payment apps that simplifies payments for Android and iOS devices. In this app, you can add various payment methods, as well as passes. With the help of Google Wallet, you can send and receive money straight from connections.

+ Compatibility is one of the best things for Google
+ PayGoogle Pay is easy to set up and use
+ The level of security is high
+ It is easy to keep a record of transactions
+ You will get various promotions and cashback awards
– Google Pay is not available in many countries. Hence, it is not always possible to perform international transactions
– The app mostly works for Android phone users
Bank account transfers are quite slow

10. Apple Pay  

Apple Pay- Best Payment Apps

This is one of the best apps that takes advantage of the major features of iPhone devices. With the help of Apple Pay, you can make contactless payments online, through applications, and in retail stores.

+ One of the most secure apps
+ Available for free You need to remember a card PIN
+ You can track transaction history with Apple Wallet
+ There is much cashback on purchases
– The app works only with iPhone 6 and above
– All merchants do not accept Apple Pay payments
– In certain conditions, you will face security.

Wrapping Up  

Hope this article was helpful for you in getting a better idea of the best payment apps at the start of 2024. However, before you choose an app for your business, consider going through all the pros and cons mentioned above.

Can you mention some other good payment apps? Consider sharing with us in the comments section below.

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