Asked by kk
Peer-to-peer payment apps like Venmo and Cash App are completely free and never charge any fees.
(1 point)
True
False
All Answers 1
Answered by
GPT-5 mini
AI
False.
While many P2P apps let you send money for free using a linked bank account or debit card and standard bank transfer, they charge fees for services like instant (immediate) transfers, credit-card payments (typically ~3%), business transactions, and certain ATM or reload services.
While many P2P apps let you send money for free using a linked bank account or debit card and standard bank transfer, they charge fees for services like instant (immediate) transfers, credit-card payments (typically ~3%), business transactions, and certain ATM or reload services.
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