Instead, money will sit in your PayPal account and can be used for purchases or sent to your bank, as you see fit. Like some of the other services on our list, PayPal won’t transfer money directly to your bank unless you manually do it. You can pay for goods in stores by scanning the app’s QR code to pay using PayPal, or use the Pay Later feature to spread the cost of purchases by paying a down payment today and the remainder in three installments. Most people won’t need that - but it’s nice to have in case you do. Using PayPal, you can transfer up to a hefty $10,000. One advantage is that PayPal allows the largest transactions of the bunch, tied with Apple Pay Cash and Google Pay. PayPal also charges a 1% fee for instant withdrawals to your bank account or card. If you’re planning on sending or receiving money internationally, fees are even steeper. Not only does it charge a 2.9% fee for money sent from a debit or credit card, but it also charges an extra 30 cents on top of that.

However, if you choose not to, PayPal will be one of the most expensive services for you. Now, we would highly recommend connecting it to your bank account anyway, as it makes things a lot easier if you happen to lose your debit or credit card or when you get a new one. Out of the five services, PayPal is the most expensive, if you don’t want to connect the service to your bank account (or for sending or receiving international payments). What PayPal has going against it, however, isn’t related to its ease of use. There are no fees to send or receive money from friends and family in the U.S - but if you’re sending or receiving payments from another country, fees apply. If you have your friend’s link, simply follow the link and enter how much you want to pay them. The initiative has made sending money even easier. Simply open up your PayPal account, press the “send money” button, and follow the instructions - it only takes a few seconds to send money.

PayPal’s interface is extremely easy to use, largely thanks to a major redesign. PayPal has long been the go-to for online shopping, and the fact that it can be used to transfer money between friends is simply a bonus. Fitbit Versa 3Īs previously mentioned, PayPal is perhaps the best known of these services - though that has been changing in recent years.

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