It often happens when you go out with friends that you are short on cash and have to make the groups payment via a credit or debit card. In fact, with demonetization, it has become more the norm than the previously rare occurrence that it was. Thus, what happens is one of you ends up paying for everyone else, with promises from friends that they’ll ‘pay you back tomorrow’. Of course, tomorrow never comes. In such situations, we understand if you feel like channelling your inner Scarface and seek to introduce your debtors to ‘your little friend.’ However, with the aid of technology, you can quash those angry urges, and split the bill immediately, or have those people transfer you the money in the blink of an eye, through their phones.
With that in mind, here’s some of the best apps to send and receive money today:
PayTM
In the advent of demonetization, another android app has seen mobile users flock to it. We mean PayTM, of course. Recently, they have been offering cashbacks and other offers to draw more people to them, while also getting rid of commission on transactions for the common people – or so we’ve heard.
Here too you can send money from your bank account to the app, make payments directly from the app, or send money to your friends and whoever you owe it too, all at the click of a button.
Freecharge
Freecharge, created by Snapdeal, has an option wherein you can split the bill into parts and have everyone pay the individual amount. If that is too cumbersome, then there’s also an option for one person to pay the amount and request parts of it from others, via the app. The request money option can be used to ask for money from people who owe it to you, without having to go through the awkward phase of actually talking to them about it and feeling guilty – despite there being no fault of yours.
Beyond that, simple payment option exists in the app as well, for making transactions to stores, shops and the like. You can even transfer money into your freecharge wallet to save it for immediate use in the future.
PayPal
This one’s an old and well-known portal to make payments all over the world. If you want to make global transactions, pay money internationally without having to resort to getting an international credit card, then PayPal is for you. You link it to your bank account, and voila, you will be able to make payments and transactions for products in the worldwide market. Of course, make sure that you take note of the commission involved in each transaction. It isn’t much, but it does exist. Also, make sure to keep an eye on the shipping fees if you use it to purchase products from afar, these things have a way of creeping up and surprising you when you least expect it.
Today, these are some of the best apps for sending and receiving money online.
