Apple Pay has much larger transfer limits compared to Venmo. Apple Pay allows you to send up to $20,000 in a single week and allows for up to $10,000 per single transaction. Venmo only allows you to send up to $5,000 in a single transaction and caps the limit to $19,999.99 in a single week.
Apple Pay is designed with your security and privacy in mind, making it a simpler and more secure way to pay than using your physical credit, debit, and prepaid cards. Apple Pay uses security features built-in to the hardware and software of your device to help protect your transactions.
PayPal is more secure than Venmo because it has advanced fraud detection, supports passkeys, features strong protection programs for buyers and sellers and has a better track record for overall security.
So, which is better — Zelle or Venmo? Both of the payment services are decently secure, have user-friendly interfaces, and allow you to conveniently send money. Zelle stands out from Venmo with its absence of instant transfer fees, but lacks the wallet feature.
Cons of Apple Pay
Apple Pay is not accepted at all retailers and not compatible with all banks or card issuers. Backup may be required, just in case. Apple Pay only works if your phone does. You may still need to carry a physical credit card as a backup in case your battery dies or you misplace your phone.
Plastic cards are vulnerable. They can be stolen, copied, skimmed, and even fraudulently swiped. Apple Pay is designed so that only you can make purchases. And you don't have to worry about your sensitive card details being shared.
Apple Pay is unable to be skimmed. Since you cannot use Apple Pay through a regular card reader, there's no risk that someone will skim the card in the process. In terms of skimming, the risk is eliminated for Apple Pay users.
3. Potential scams and hackers. The biggest downside to using Venmo is the potential for your money to be stolen. If a hacker gains access to your Venmo, it's pretty easy to change the associated bank account – so the hacker could change the account to their own and transfer the money in your Venmo to their bank.
Cash App's Key Features
In addition, Cash App offers a free tax filing service. Thus, the most significant difference between Cash App and Venmo is that Cash App provides advanced opportunities for businesses, allowing them to accept payments, track sales, and issue invoices.
Venmo may process debit card transactions through either (a) an ATM debit network such as STAR or NYCE, or (b) a Visa or MasterCard network. Transactions processed through the Visa / MasterCard network may give you additional protection compared to the ATM debit networks.
While you cannot connect your Venmo directly to your Apple Wallet, there are two simple workarounds: using a Venmo debit card with Apple Wallet, or transferring your money from your Venmo account into your Apple Cash card, which is free to use with Apple Pay.
It's no wonder that a user may be “freaked out” using Zelle. Inside the Zelle app, there is no way to request a refund. You can cancel a payment only if the recipient is not enrolled in Zelle. Not only is Apple Pay a safe alternative to Zelle, but there are some key differences between the two.
Once compromised, attackers can exploit this access to conduct fraudulent transactions or initiate broader identity theft. To help protect your data, avoid using Apple Pay or conducting other sensitive transactions over unsecured Wi-Fi unless you're using a VPN to secure your connection.
If you use Venmo for personal purposes, only send money to people you know in real life. Don't send money to strangers unless you've taken steps to vet them. Also, never assume a request for money is real if it's only made through the app.
Apple Pay provides extra privacy
Apple Pay doesn't share your card number with merchants, nor does it store your details on your device or Apple servers. Instead, Apple Pay uses a unique, one-time passcode whenever you make a purchase. This hides your sensitive account information.
The most common issue with paying with an iPhone is choosing a card that is incompatible with the system and does not support Apple Pay. So, first of all, make sure your card supports Apple Pay. However, some other issues can also cause malfunctions: There's not enough memory on the device.
Apple Pay has inbuilt advanced security measures like tokenized transactions and biometric authentication, which typically shift the liability for fraudulent transactions to card issuers instead of merchants. These transactions are considered highly secure, so you're less likely to pay for fraudulent chargebacks.
Venmo allows you to pay and request money from your friends. At its core, Venmo provides a social way to pay your friends when you owe them money and don't want to deal with cash. For example: Splitting a lunch bill.
Google Pay
For security, Google Pay enhances security with a virtual account number instead of the actual credit card number during transactions.
Generally, we can say that your funds with Venmo are safe. That being said, there are associated risks, and while these risks may not originate from the payment app itself, the consequences may directly affect Venmo users. We're talking about scams and fraud committed through the app by cybercriminals.
Credit cards are by far the most secure payment method to use when shopping online. Credit cards use security features such as encryption and fraud monitoring to protect you from fraud and keep you safe. Some card issuers and networks have even begun using AI to aid their fraud detection efforts.