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5 Min. Read

7 Best Digital Wallet Apps

7 Best Digital Wallet Apps

Digital wallets have really taken off in recent years. No longer are they considered a fad or unsafe. Today’s mobile wallets have the faster operation and better security features. As such, we wanted to share our picks for the 7 best digital wallet apps.

Here’s What We’ll Cover:

The Best Digital Wallets

Key Takeaways

The Best Digital Wallets

If you want to make your life easier, you’re going to want to check out the following entries. Whether for personal or business use, you can look forward to incredible convenience. So ditch that physical wallet and switch to a digital wallet app.

FreshBooks Payments

FreshBooks Payments lets your clients pay you with invoices. And, it automatically records these payments in your FreshBooks account. It is fast, simple, safe, and perfectly integrated. Providing your customers with multiple payment methods means you can get paid faster.

And because the pricing of FreshBooks Payments is transparent, you will always know exactly how much money you make. You can even accept credit card payments on the invoice with a single click.

Then, perform a few more steps, and FreshBooks will deposit your funds into the correct account. It’s fast, intuitive, and a breeze to use. You can even try it for free to see if you like it before you buy.

Square Cash App

The Cash App came out in 2014, allowing users to make effortless, contactless purchases. Best of all, you do so right from your iPhone (or iPad). However, it only works on iPhone 6 and later models. Thanks to Square’s digital wallet, you can store your debit or credit card info. It’s just like most other digital wallet apps.

The difference here is that your information gets converted into a special token. But this token only works when you provide your fingerprint. This makes it one of the safest wallets around. Cash App also has another app available.

Aptly named “Wallet,” this convenient app can store:

  • Membership cards
  • Boarding passes
  • Concert tickets
  • Movie tickets
  • Coupons

Being able to keep so many things in one place allows for the ultimate convenience.

PayPal

PayPal is one of the most popular mobile wallets. It’s also been around longer than most others. You can use it to transfer funds or make online payments. Furthermore, you can use PayPal on an Android or iOS mobile device.

After signing an agreement with First Data card processor and Mastercard, PayPal stepped up its efforts. Customers now have the option to pay using PayPal’s desktop or phone app. This uses the tap-to-pay process found in many other digital wallets.

Google Wallet

Until 2016, Google’s Wallet was still a mobile application. It is now a web-based application, allowing you to send money to family and friends in the United States. It does so directly from your debit card, bank account, or Google Wallet balance.

This service uses an email address or phone number. The transfer only takes a few minutes, but you need a Payments PIN from Google to access the funds.

Google Pay

Google Pay is another digital wallet app from, you guessed it, Google. It is a fast and secure in-store smartphone payment option and built into Android devices. Similar to a lot of other mobile wallets, Google Pay uses NFC technology to make payments. You use it by tapping your phone on an NFC-enabled payment terminal.

The appeal of Google Pay is that Walgreen’s launched a loyalty platform for Google Pay customers. You can also order and buy food via Grubhub using Google Pay.

Samsung Pay

Samsung Pay came about back in 2015. It has features that other mobile wallets cannot do. For example, it uses both MST and NFC technologies. As such, now you can make easy, contactless payments on NFC-enabled payment terminals. But it also works with magnetic stripe payment terminals.

With Samsung Pay, you can store:

  • Membership cards
  • Reward cards
  • Credit cards
  • Debit cards
  • Gift cards

Samsung also has its own purchase reward system that you can take advantage of.

Venmo

The same company that owns PayPal owns Venmo, perhaps the most popular application for peer-to-peer payments. To use Venmo, you just need to link your checking account, credit card, or debit card. Then, you can start sending money to friends and family. Venmo also lets you receive money.

Your financial data stays safe thanks to encryption technology. You may also share your personal transactions via messages on Foursquare, Twitter, or Facebook. Money transfers are free when you use your debit card or bank account. But if you use a credit card, there’s a fee of 2.9%.

Key Takeaways

Digital wallets forever changed the way we make payments. If you’re a small business owner, you can streamline your operations by implementing digital payments. If you’d like even more advice regarding small businesses, head on over to our Resource Hub.


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