8 ways to pay your friends without cash


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Cash? What’s cash anyway? Back in the day, if you wanted to buy something or split a dinner or bar tab, you had to cough up the loot or, in some cases, write a check. In a worst-case scenario, you would have to dig out your credit card. Ugh.

Then came the blessed smartphone — lucky you to be born when you were. We started living almost our entire lives on screens, so it was only a matter of time before we would be paying our bills and tabs on them, too.

Now, when you do financial transactions or you want to spot a friend some money, it’s as easy as pressing a button — from wherever you are.

There’s a fancy name for it: Peer-to-peer transfers, or P2P. The actual meaning is simple: It gives you the ability to send money to friends using an app on your mobile device.


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The service simply connects to your bank account or credit/debit card, so you can send money to your friends’ accounts when needed.

Traditional banks are getting on board, but usually, their services only benefit those who bank at the same place. Online transfers like these can be fast and cheap — and most importantly, easy.

Related: Benefits of linking your bank accounts

How a P2P transfer works

Through a linked account that you can access through a phone app on a mobile device or a laptop, you access the account by simply logging into the website. Both parties (both you and the person you’re paying) typically need access to the P2P transfer service.

Most P2Ps require a connection to a bank account with your checking account number and routing number. Other services may ask for even more identification. You may even be able to link your credit card or debit card, which could be an extra cost.

Benefits of P2Ps

Make it happen in real-time

Usually the transfer can be completed within one day, but can sometimes take up to three days.

They’re usually free of charge

But not always. It may be a good idea to find out ahead of time what the policy is for P2Ps. Some companies and banks may charge a fee for any P2P transfer, and some may charge fees for a certain number of transfers within a day, week, or month. Knowing what you’re going to be paying — or not paying — is on you.

Crazy convenience

All you need is your phone, your push-button finger and some nearby Wi-Fi. No more checks. No more trips to the ATM. No more schleps to the bank.

Ways to pay your friends if you have no cash

Here are a few of the most commonly used options:

Google Pay

It was only a matter of time before Google got into the act. To pay a friend with Google Pay, all you need is your bud’s email address or phone number and you can send money via a linked bank account or debit card.

The money goes directly into their Google Pay account, and they have the option to leave it there or transfer the balance directly into their bank account.

Although generally easy to use, Google Pay does have restrictions like transaction limit, and limited availability, depending on how and where you’re paying. Google Pay’s support information is somewhat confusing as to what countries it supports payments to friends and family.

On one page, it indicates the service is only available in the U.S., but on another, it indicates it’s available in the U.S. and India. It’s probably best to verify for yourself whether the service will work for your needs.


The Walmart2Walmart  service is available at any of the 4,600 Walmart stores across the U.S. You can also send money to any U.S. Walmart store, as well as to some stores outside the country. Send the money to a fellow Walmart shopper, and they’ll receive the money in as little as ten minutes! Fees start at $4 for using this service.

Facebook Payments

Facebook Payments. Yep, why not? The money is transferred immediately, but it can take up to five days for it to become available, depending on your bank.

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