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Cash Payment Apps


With Peer-to-peer (P2P) cash payment apps like PayPal, Venmo, and Zelle®, you can send and receive money to family and friends with ease. Are you purchasing a large gift for a loved-one and splitting the cost with family and friends, sending your roommate half the rent, splitting the cost of an Airbnb with family, or paying a friend back for money borrowed? It's easy to link your Members First Visa® Debit or Credit Card to one of these trusted cash payment apps, set up payments, or request to receive money. 


How it Works:


Search and download your cash app
of choice from your smart device's
app store.



Sign-up for an account the cash app
of your choice and link your
Members First account or payment
card by following the prompts.


Transfer or Receive

Now you're set to transfer or receive
fund from friends or family.




Have questions about how to use cash payment apps? We've answered a few frequently asked questions below.

Peer-to-peer (P2P) cash payment apps let people send and receive money electronically. People are increasingly using these apps because they’re fast, convenient, and easy to set up and use. You can pay someone for what you owe, and request and receive money. Pay your portion for the Airbnb you’re splitting with family, send your roommate half the rent or reimburse a friend for the money you borrowed. Any time you need to transfer funds to others, payment apps are the way to go.

Never use a P2P service for business purposes or for a money transfer with someone that you don't personally know. If you choose to use your cash payment app for a business-related transfer, the P2P service will likely offer no fraud protection or assistance in reclaiming lost funds. P2P services were created to be a means of transferring funds from friend to friend and most services clearly state in their policies that their platforms should not be used in business transactions. It's best to only use P2P payment services/your cash payment app among friends, family, and people you know and trust.

Cash payment apps provide streamlined electronic transactions between people. Link your checking account, debit or credit card, to the app. You may also be able to use funds from the balance on the app. Next, you’ll search for the recipient by phone number, email address, username or even Facebook (if you choose to sync to that social platform). From there, simply hand over the funds! Here’s how to get a cash app — like with any other app setup, search and download the app, sign up for an account and follow the prompts, including any steps for verification and passwords to increase security.

Cash Payment apps like PayPal, Venmo, and Zelle® have different ways of keeping your information secure like encrypting your financial information and using other security measures to protect your funds. However, these measures may not always be foolproof. Many P2P systems have been targeted by hackers and scammers so, it is always wise to use these apps to pay only people that you know and trust, like your roommate, best friend, or babysitter. It's not recommended that you use these apps to pay people you don't know, like a stranger selling goods on an online marketplace.

You can help to protect yourself from P2P scams by taking the following steps:

  • Use two-factor identification and a PIN before completing a transaction.
  • Set up alerts so you will be notified about every transaction.
  • Double or Triple-check your recipient's information before you send a payment. A misspelled email address or wrong number could send your money to the wrong person.

We also recommend that you familiarize yourself with the security and best-practices of your cash app of choice.

Most cash payment apps will allow you to make a payment from a linked financial account or directly into the P2P account at no cost. However, several providers will take 2-3% of any payment made with a debit or credit card. Also, if you want the funds transferred to your account immediately, you'll usually have to pay a flat fee or small percentage.

It usually takes one to three business days for the actual money to clear. If you really need the transfer to clear your account immediately, most P2P providers allow you to pay a small fee to make it happen.

Unfortunately, if you've been scammed or have had another issue with a P2P payment, there is not much to be done. Most services will offer their assistance to law enforcement agencies and notify users if they've been scammed, but that's usually the extent of their fraud protection.

Lots of users mistakenly think fraud protection will apply for transactions tied to their Visa® card or that their financial institution is responsible if a P2P payment goes astray. While your financial institution never wants to see you lose money for a simple mistake or because you've been victimized by a scam, there is not much they can do about it after the fact. For this very reason, we strongly advocate practicing caution when transferring money online or with your cash payment app.



PayPal Icon


PayPal dates back to 1998 when it was founded as a money transfer service for online vendors and customers. Known for revolutionizing this type of payment processing, PayPal was bought by eBay in 2002 and skyrocketed in popularity around the globe as a growing number of people use PayPal for personal transactions. Recognizing the need for a P2P payment app, PayPal created PayPal Cash. PayPal Cash is integrated into the PayPal app, along with PayPal's other features and services. The app makes receiving money easy, especially because your friends don't need a PayPal account to send money. You can request money from friends with a text, email, or post using your unique PayPal.Me link, so you can cater to how your friends like to communicate. PayPal is also a large commerce platform where merchants can do business with customers while managing their cash flow.

apple app store  google play app store

PayPal Safety Tip: PayPal will never ask for confidential information via email!

PayPal’s robust security features for buyers and sellers can ease user concern. It helps eliminate any risk by not sharing full financial information with sellers, monitoring transactions 24/7, using encryption technology and offering Purchase Protection.



Venmo Icon


This app is so popular that it's coined the phrase "just Venmo me!" Not only is PayPal-owned Venmo a P2P mobile payment app, it's also a social network. Send a memo line and emoji with your payment and select Public to enable the feed where everyone can see who's paying whom for what. Through this broadcast, requesting and sending money becomes a social experience.

apple app store  google play app store

Venmo Safety Tips: Venmo will never contact you to request a password or verification code. Look for "https:" and a lock symbol next to the URL to verify encryption. You can also click on Settings > Security to log out of any devices and add another layer of protection by setting up a PIN.

Learn More About Venmo Security


Zelle Icon


Zelle® makes sending and receiving money between bank accounts fast, safe, and easy. It only takes a few minutes for funds to be directly transferred. There's no charge for these instant deposits! Just make sure that the recipient also has Zelle® set up. To get Zelle®, download the app onto your smartphone, use your email or mobile phone number to enroll, and upload your debit card — you can't link a credit card to Zelle®.

apple app store  google play app store

Zelle® Safety Tips: Only send money to people you trust. It's a great way to pay friends, family, coworkers and anyone else you trust, but it shouldn't be used to pay strangers. Beware of payments scams. If a deal sounds too good to be true, it probably is. Zelle® doesn't offer a protection program for authorized payments, so only use Zelle® to pay people you know and trust. Treat Zelle® like cash. Money moves fast — directly into the enrolled recipient's bank account. Always double check you have the recipient's correct U.S. mobile number or email address, so the money goes to the right person.

Learn More About Zelle® Security





Apple and the Apple logo are trademarks of Apple Inc. registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Google Play and the Google Play logo are trademarks of Google Inc.

Depending on your carrier and data service plan, you may incur charges for web enabled features on your device. Check with your mobile service provider for more information. 


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Members First CU of Florida
NMLS #405711
Equal Housing Lender National Credit Union Administration
This Credit Union is federally-insured by the National Credit Union Administration. We do business in accordance with the Fair Housing Law and Equal Opportunity Credit Act.
Members First Credit Union of Florida is not affiliated with Members First Credit Union (Kentucky)

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