Advertisement
Smart Buying

Peer-to-Peer Payments Made Easier

These prepaid cards are linked to peer-to-peer accounts.

Venmo, a peer-to-peer (or “P2P”) payment app, recently unveiled a Mastercard-branded card that allows users to pay for items with money stashed in their accounts. The card is similar to a Visa-branded card introduced last year by Square Cash that allows users to spend money in their Cash P2P app.

Both cards can be linked to your bank account. In the case of the Venmo card, you can choose to have your card auto­matically reloaded if you don’t have enough money in the app to pay for a purchase. The Cash card must be reloaded manually from your bank account. If you don’t have enough money in the app to pay for a purchase, the card will be declined.

Advertisement - Article continues below

Meanwhile, Starbucks has introduced a Visa-branded prepaid card aimed at people who can’t get enough free coffee. Unlike the Starbucks app, which can only be used to buy Starbucks products, the Chase Bank prepaid card can be used anywhere that Visa is accepted. Users earn one star in the Starbucks loyalty program for every $10 they spend with the card.

None of the cards has a monthly fee, and all offer zero liability as long as you report unauthorized transactions within 60 days.

Advertisement
Advertisement

Most Popular

Election 2020: Joe Biden's Tax Plans
taxes

Election 2020: Joe Biden's Tax Plans

With the economy in trouble, tax policy takes on added importance in the 2020 presidential election. So, let's take a look at what Joe Biden has said …
September 18, 2020
11 Dividend-Paying Stocks You Should Think Twice About
dividend stocks

11 Dividend-Paying Stocks You Should Think Twice About

Dividend-paying stocks often can be a store of safety, but 2020 has been difficult on income equities. These 11 picks look like shaky plays despite th…
September 21, 2020
Medicare Basics: 11 Things You Need to Know
Medicare

Medicare Basics: 11 Things You Need to Know

There's Medicare Part A, Part B, Part D, medigap plans, Medicare Advantage plans and so on. We sort out the confusion about signing up for Medicare --…
September 16, 2020

Recommended

When Is Amazon Prime Day 2020?
spending

When Is Amazon Prime Day 2020?

Circumstances beyond its control have forced Amazon to move its annual Christmas-in-July Amazon Prime Day blowout sale in 2020 to ... later. Is Oct. …
September 22, 2020
A Step-by-Step Guide to Being an Estate Executor
retirement

A Step-by-Step Guide to Being an Estate Executor

Whether you’re planning ahead for your own heirs or have been asked to serve as an executor of an estate for someone else, it pays to understand what …
September 17, 2020
18 Things You Can't Return to Amazon
Smart Buying

18 Things You Can't Return to Amazon

Before tossing these items into your virtual shopping cart, be sure to read Amazon's return policy first.
September 17, 2020
How to Finance Home Schooling Your Children
family savings

How to Finance Home Schooling Your Children

Kiplinger.com web editor Andrea Browne Taylor joins the Your Money's Worth podcast for a discussion on the financial pros and cons of homeschooling yo…
September 15, 2020