15 Best Zelle Alternatives 2022

Zelle is an easy way to send money to people that you know using the email address or phone number linked to their bank account.

Despite being a very convenient payment option, it does have some flaws. These flaws are the reason for the popularity of other mobile payment services.

For instance, it only supports transactions between bank accounts. You can’t link a credit card to your Zelle account at the moment.

Zelle does not allow you to maintain a cash balance like most mobile banking services. In addition, it’s impossible to cancel a payment made to a recipient enrolled with Zelle.

Zelle has been operating for years, but it’s still trying to get off the ground in many parts. You must have a US bank account to be able to send or receive money with Zelle.

Zelle is only available to those people who have a bank that partners with Zelle. This means that for most people out there, Zelle does not apply. Luckily for everyone else, these are some of the best alternatives to Zelle.

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Best Zelle Alternatives

1. PayPal

PayPal is one of the most commonly used online payment services, and for a good reason. It’s a convenient way to send money to anyone anywhere, with or without a bank account.

The sender simply needs the recipient’s email address. After signing up for a PayPal account, you can add money to your account from your bank, debit card, credit card, or any other payment method they accept.

Once you’ve linked your account to your preferred payment method(s), you can send funds right away to anyone with a PayPal email address.

If you don’t have money in your PayPal account, it will automatically deduct from whatever payment method is linked to the account. The recipient can quickly transfer those funds into their bank or debit/credit card.

One of the most significant advantages of using PayPal is its security; funds are protected by the same industry-standard encryption that banks use. If something goes awry (such as an unauthorized transaction), PayPal will fully refund the money. Zelle, on the other hand, has no buyer purchase protection.

You can send or receive money in multiple ways with PayPal. Send money through your bank account or debit/credit card, or send it directly from your PayPal balance. With Zelle, you’re limited to sending through a bank account, which is not always convenient when you need to send payment right away.

PayPal has no monthly or annual fees. Instead, they make money by charging merchants who use its service a fee of 2.9% plus 30 cents USD for each transaction done through PayPal.

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2. Stripe

Stripe is a payment processing service that allows merchants to accept payments for online goods. There are many reasons why you should consider switching to Stripe from Zelle.

The sign-up process is quick and straightforward, their fees are reasonable, and their dashboard is easy to use.

Unlike Zelle, Stripe does not require you to have a business checking account or a merchant account before using the service.

You can open a Stripe account in minutes with your email address and password. Even better, Stripe has a test mode that allows you to run transactions in a sandbox environment without using real money to evaluate how well the service works for your business.

This may not seem like much difference, but it adds up when you take several payments per day on behalf of your clients.

Stripe offers several benefits, including the ability to accept payments from anywhere globally and send out automatic receipts every time someone buys something from you.

Zelle is an alternative to Stripe, but it doesn’t have as many features or flexibility for accepting credit card payments online.

Stripe charges 2.9% + 30¢ per successful charge.

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3. Shopify Payments

Shopify Payments is a payment processing system owned by Shopify Inc. and is the primary payment gateway for shops powered by Shopify.

Shopify Payments offers quick and easy credit card processing—it only takes a few minutes to set up, and you can receive your first payout in two business days.

It also features low transaction fees, no monthly fees, and zero chargebacks—no matter what. Plus, there are no extra steps between signing up for Shopify Payments and accepting credit card payments on your site.

If you’re using Shopify as the platform for your online store, it’s definitely worth giving Shopify Payments a shot.

Unlike Zelle, you can also use Shopify Payments to accept alternative methods of payment such as Apple Pay (US only), Amazon Pay (US only), Bitcoin (US only), and Shopify Pay.

With Shopify Payments, you’re ready to accept payments immediately after creating your Shopify store. Charges range from $29 to $299 per month depending on your package.

Visit here for updated fees/charges.

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4. Venmo

Venmo is a mobile payment service owned by PayPal. It allows users to transfer money between one another using a mobile phone app. Funds can be transferred using the user’s balance, bank account, debit card, or credit card.

It’s a quick, easy, and secure way to get paid by people you know and trust. You can request payment for shared things – like rent, concert tickets, or dinner – without worrying about getting paid back right away.

Venmo does what other social networks have yet to accomplish: it makes financial transactions feel fun and even playful. And that’s why it’s so appealing – especially among millennials.

It has become one of the most popular options for paying friends and family back because it doesn’t cost anything more than your bank charges for electronic transactions (usually nothing at all).

This makes using Venmo much cheaper than using cash or checks—and it’s faster too! If you’ve used Zelle before, Venmo will seem similar—but with one significant difference: it’s super easy to use.

All payments are made through the app, so there’s no need to go through extra steps like entering your credit card number or logging onto a desktop computer.

You can even link up with friends and make it a social experience by following their accounts, sharing payment details on the app with friends and family (like those happy hour drinks), and commenting on other people’s transactions in public mode.

Venmo charges 3% per transaction to send money to other people using your credit card.

For updated fees, visit their website.

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5. Wise, Formerly TransferWise

Wise, formerly TransferWise, is a revolutionary currency exchange website that offers a safe and straightforward way to transfer money abroad. The Wise platform operates by matching users who are transferring money in opposite directions, which means there’s no need to buy any foreign currency.

This process enables you to pay the exact amount you expect to receive—even when sending money with your bank account or card.

Wise offers 24/7 customer support, so whenever you need help, someone is available to assist you!

You’ll also benefit from their low fees and transparent pricing structure. Unlike other currency exchange platforms, Wise doesn’t charge any markup on its exchange rates, giving you the real mid-market rate every time.

Wise also has a free peer-to-peer transfer option, which allows you to receive money from friends and family worldwide.

This saves you money and ensures that your recipient receives as much money as possible without any hidden fees or costs.

If you’re looking for an alternative currency exchange platform that offers better customer service and lower fees than Zelle, give Wise a try today!

Sending money varies by currency, but their fees start from 0.41%.

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6. Apple Pay

Apple Pay is a mobile payment service that allows users to make payments with their Apple devices at participating merchants.

Apple Pay leverages the NFC (near field communication) technology in supported iOS devices and can be used to make secure payments at point-of-sale terminals (POS).

There are no additional apps to download or account set-ups beyond what you already have on your device.

Apple Pay has changed the way customers pay, making it easy, secure, and private. When you use Apple Pay, it’s not just your credit and debit cards that are replaced—it’s your entire wallet.

Many people who have used both services find that Apple Pay is much more secure than Zelle. When you use Apple Pay to purchase at a store or online merchant, your credit card number isn’t stored on your phone.

Apple Pay does not charge any monthly fees but the usual credit card charges apply for purchases made.

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7. Amazon Pay

Amazon Pay is an online payment service that allows you to make purchases or transfer money on websites like Amazon.com or websites that accept Amazon Pay.

You can transfer money between your accounts or send money to another person’s Amazon account. You can also have funds automatically transferred from your checking account (with no fee) or pay using your credit card (with a fee).

Amazon Pay is the best alternative to Zelle because it has robust functionality, excellent customer service, and secure data.

The Amazon Pay platform comes with the full support of Amazon’s customer service, something lacking in Zelle.

Also, Amazon Pay has more options for customization compared to Zelle; transactions can be tailored to your needs, like donation or subscription payments.

Amazon Pay is safer than Zelle since Amazon has a long history of providing secure services. It uses the same login details as your Amazon account and has additional features like One-click shopping for repeat purchases, making it one of the safest ways to pay online.

Amazon Pay charges a domestic processing fee, authorization fee, cross-border processing fee, as well as tax where applicable.

Visit here for updated fees.

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8. Square

Square is a mobile-payments service that enables merchants to accept credit card payments via their iOS or Android smartphones or tablets.

Since it’s so easy to use and doesn’t require any special hardware, Square is ideal for businesses with irregular sales patterns—like food trucks or flea market vendors—or needing an additional payment option.

But even if your small business is something more traditional, like a small shop or restaurant, using Square is still probably worth your while.

The service involves a smartphone app that acts as a credit card reader and a web-based interface to view transactions and manage the account. Its main competitors are PayPal Here, Intuit GoPayment, and VeriFone Sail.

Unlike Zelle, Square doesn’t require you to set up different accounts with banks or credit card companies. All you need is an account with Square itself, a smartphone, and one of Square’s small credit card readers, which you plug into your phone’s headphone jack.

For every tapped (mobile payments), dipped (chip cards), and swiped (magstripe cards), you pay 2.6% + 10¢.

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9. Google Pay

Google Pay is a payment service that allows you to make payments in-store, in-app, and online. It combines the features of Android Pay and Google Wallet into one digital wallet.

You can use Google Pay with your debit card, credit card, gift cards, or loyalty cards on any devices that run on Android KitKat 4.4 and above.

Just add your credit card to the phone, wait for the verification process to complete, and start using it in-store. You can also make payments online by confirming payments with your fingerprint, pattern, or pin.

Google Pay is a better alternative to Zelle because you can use it anytime and anywhere with just your phone. No banks are needed like with Zelle.

Google Pay uses NFC technology, meaning that users can pay digitally using their phones at retail stores. They have to tap their phone (with the Google Pay app open) on the NFC terminal at the checkout counter.

The phone will then send a token containing your payment information (not your actual credit card number), allowing you to finish your transaction. You’ll only pay when you make a transaction, and there are no hidden fees.

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10. Cash App

Cash App is a peer-to-peer payment app that allows users to send money directly to one another through their phone or computer.

Unlike Zelle, Cash App customers can make payments using the Cash Card, a Visa debit card that comes with perks like discounts on services like Postmates and DoorDash.

Cash App works on any device with access to the internet, meaning you can send payments right from your computer or tablet if you don’t want to use your smartphone.

Users can pay for goods and services using their registered debit cards or credit cards at participating merchants without needing cash on hand.

Cash App also offers its customers the ability to link their bank accounts for faster deposit processing times (instant transfers); however, this incurs a fee (0.5% to 1.5%).

Cash App is free to use for standard transfers, and while it does not require a bank account, you can choose to deposit your cash into your bank account (up to $1,000 per day), and there are no fees for this service.

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11. Payoneer

Payoneer is an online payment platform that allows anyone to receive international wire transfers. There are two primary components of Payoneer:

The first component is critical for people who want to work with foreign clients. Once you have a Payoneer account, you can give your US clients your Payoneer bank details, and they will be able to wire money directly into your account.

All you need to do is provide them with the routing number and your account number. This is an excellent option if you’re a freelancer or contractor and want a safe way to get paid.

The second component of Payoneer is the ability to withdraw money from local ATMs in any country where Mastercard is accepted using your Payoneer card. This is not applicable for Zelle.

Payoneer doesn’t charge transaction fees for receiving payments from another Payoneer account holder, which is great news for freelancers.

Payoneer charges 3% for credit cards and 1% for ACH bank debits.

Visit here for updated Payoneer fees.

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12. Skrill

Skrill is a money transfer service that allows you to make payments and send money abroad without paying the high fees usually associated with such services.

If you’re looking for a new way to pay for your online purchases, Skrill is one of the best options out there. It’s safe and secure, and it makes it easy to send money worldwide.

You can use Skrill for online payments, but there are a few key differences that make Skrill a better choice over Zelle.

Skrill is more convenient. For instance, Skrill is available worldwide and supports most common currencies (USD, EUR, GBP, CAD, AUD, etc), while Zelle is only available in the US and supports transactions in USD only.

Unlike Zelle, Skrill lets you keep more of your own money when you transfer funds from your bank account to your Skrill wallet. There are no charges for bank deposits.

If you want to send money from the US to another country, Skrill will charge you 1% of the amount you want to transfer (or $0.50, whichever is higher).

For updated fees and charges, visit their website.

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13. Netspend

Netspend is a prepaid debit card that acts like any other credit card—you can make purchases and pay your bills with it.

It’s different from other cards in that it doesn’t require a bank account, making it ideal for those unable to open one due to past credit problems.

With Netspend, you don’t have to worry about hidden fees or overdraft charges; instead, your balance will automatically be deducted when you make purchases.

Netspend stands out from Zelle because of its flexibility and ease of use; it allows you to choose between getting paid via direct deposit or reloading your cash at several locations nationwide.

Netspend’s Monthly Plan costs $9.95 while the Pay-As-You-Go Plan is free.

Click here for detailed card fee information.

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14. Facebook Pay

Facebook Pay is a new platform that allows Facebook users to send money to friends and family in Messenger, make purchases and donations on Facebook, and use the payment service across Instagram and WhatsApp.

Facebook Pay uses most major credit and debit cards and PayPal, and offers security features such as a PIN or device biometrics for extra protection.

It also offers a one-stop view of your payment history across all three social media platforms.

Facebook Pay aims to make it easy for users to pay for things on different platforms without entering their payment information each time they checkout.

Whether it’s your favorite meal from your favorite restaurant, a charitable cause you care about, or tickets to an online event from a small business, you’ll be able to shop for things that matter without leaving the app.

To set up Facebook Pay, a user will first have to add a payment method to their account. Currently, the accepted methods are most major credit or debit cards, PayPal, Stripe, etc.

Facebook Pay is free.

15. Melio

Melio is a digital business payment app that makes it easy to pay your vendors. Melio allows you to pay any vendor, no matter their payment method – whether they use PayPal, Square, or even cash.

A better alternative to Zelle, Melio requires no sign-up fee and has no monthly subscriptions or charges. Instead, with Melio’s pay-per-transaction model, your business only pays if you use the service.

Your vendor doesn’t need to be a registered Melio user to receive payments. On the other hand, you will be prompted to enroll to receive funds via Zelle.

You can add notes and attach photos, receipts, and invoices when making payments with Melio, making it easier for everyone to track what payments are for at tax time.

Melio charges a 2.9% fee for credit card payments and $20 for international transfers, for transfers to the UK, EU, and Canada.

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Bottom Line

PayPal is a great alternative to Zelle. It has been in business for quite some time and has the largest customer base out of all other payment options.

It’s easy to set up with your personal account and can be immediately used at many retailers and stores. PayPal also offers an additional layer of security via the PayPal Purchase Protection policy.

For these reasons, I highly recommend using PayPal over any other alternative. Ultimately, it’s up to you to decide whether one is more beneficial for your needs than the other.