Payment Types

These payment apps allow you to send money to other people through an app on your smartphone or other device.

• Prepaid Cards

• Peer-to-Peer Payment Apps

• Mobile Wallets

• Gift Cards

This card is a card that you can load money onto and use to purchase items similar to using cash. You can reload the card as well.

• Prepaid Cards

• Gift Cards

• Peer-to-Peer Payment Apps

• Mobile Wallets

This card is a type of prepaid card that has a specific amount of money you can use at certain stores. You can also have a digital version.

• Prepaid Cards

• Gift Cards

• Peer-to-Peer Payment Apps

• Mobile Wallets

This is an app on your smartphone that allows you to store your debit and credit card information, coupons, and more. You can then pull up the app when paying for items instead of using the physical cards, coupons, etc.

• Prepaid Cards

• Gift Cards

• Peer-to-Peer Payment Apps

• Mobile Wallets

This type is great for budgeting (have one card for each spending category of your budget and preload it with a specific amount) or when you don’t have a bank account.

• Gift Cards

• Prepaid Cards

• Mobile Wallets

• Peer-to-Peer Payment Apps

This type can be used at the store or on the company’s website. Some cards allow you to load more money on them.

• Peer-to-Peer Payment Apps

• Gift Cards

• Mobile Wallets

• Prepaid Cards

To use this type, you typically wave or hold your smartphone over the store’s reader when it is time to pay for your items.

• Prepaid Cards

• Peer-to-Peer Payment Apps

• Mobile Wallets

• Gift Cards

Known as P2P apps - examples are Venmo, PayPal, Cash App, and Zelle.

• Peer-to-Peer Payment Apps

• Gift Cards

• Mobile Wallets

• Prepaid Cards

For these types, money can come from your checking (debit) or credit accounts.

• Gift Cards

• Mobile Wallets

• Prepaid Cards

• Peer-to-Peer Payment Apps