Money transfer apps are amazing apps that help us to send and receive money from friends, family members, or business partners. Depending on who is on the other side, you can receive money from them or send money to them.
Peer-to-peer(P2P) apps is another name for money transfer apps; and they can not only send and receive cash, but they can also temporarily store cash. Why do we say temporarily? Because there are a lot of scammers these days and they usually target but money transfer apps. And keeping cash in it, you are exposing yourself to these bandits.
But knowing their tactics, you can bypass their strategies and avoid them from getting your money. That is why you can learn some Cash App, Paypal, Venmo, and Zelle common scams and how to avoid them.
Talking less about that, Zelle is an amazing and very unique money transfer app that has a unique feature of being able to send money easily between banks for free. For example, if you have cash in your JP Morgan account, and want to send it to your Wells Fargo account, you can use Zelle and send it and send it for free since bank transfers usually have fees in them.
Well, we will be highlighting one the the questions above in this article and explaining whether Zelle does work with Credit Card and how to use it in Zelle.
Table of Contents
Can I Link My Credit Card to my Zelle Account?
How to Use Zelle?
Before knowing whether Zelle works with Credit cards, you should first of all know how Zelle works.
Zelle is an online P2P money transfer app that sends money between banks. That is, as we explained above, zelle does link banks to each other and send money between them. If you have cash in a certain bank, you can send it to another bank with the use of Zelle.
To send money from one bank to another bank, the fees for the transactions are usually very high. But with the use of Zelle, the fees are minimized or even canceled. That is if you use zelle for transfers, you might end up not paying any fee at all, though at times you'll have to pay a very small fee up to about $1.
And this makes Zelle to be a very recommended platform for most banks. But even with these, we all know that there could be some limitations in these platforms. And yes! there are limitations in Zelle. But what are these limitations?
Limitations when using Zelle
Zelle sends money between banks from one bank to another bank while minimizing the fees that are paid. But this definition is not complete since Zelle only accepts Banks in the US.
And so, we can say that Zelle is a transfer app that sends money from one bank to another bank in the American territory. And so, if you want to send money using a non-US Bank, you have to consider another option apart from Zelle.
Zelle also does not work with other Online Banks. That is, Zelle does not accept other P2P transfer apps like Paypal, Venmo, Cash app, and many others. and if you want to send to online banks, then you will have to involve a US bank in the transaction.
Does Zelle Accept Credit Cards?
The Quick Answer here is NO! Zelle does not accept credit cards but they do accept banks with credit cards in the US. That is, US Banks that do have credit cards, are compatible with Zelle.
Zelle is intended to send money only between bank accounts and a credit card is not a bank account that is why it does not work with Zelle.
And so, this should also be considered as another Zelle Limitation since they don't work with Credit cards.
What are the Zelle Payment Limits?
In Zelle, there is no specified maximum for payments. It is a low- to medium-paying application. Therefore, although this may vary depending on the bank, it is not particularly ideal for huge funds.
It is crucial that you carefully review the constraints placed on the service by your bank. Not every bank will provide the same restrictions. Additionally, it is possible that your credit line will start off low and expand as you use the platform.
When your bank is not a Zelle partner, you can find limits ranging from the fundamental minimum of $500 weekly to those that can go as high as $60,000 monthly, as is the case with Bank of America.
Final Thought on how to use Credit Card in Zelle
You might have thought that since Zelle works with banks then they might accept some credit cards, but NO! we have just given you a reason why Zelle refuses Credit cards.
You can swipe back up and get the reason why Zelle and Credit cards are not compatible. And in general, we also said that with the plenty limitations with Zelle, you will to be able to see Zelle work with Credit cards, Online banks, non-US Banks, and many other limitations.
You can contact the Zelle customer support for more info, or you can just comment below and request if you want to use Zelle with any platform.
Some Asked Questions concerning Zelle and transfers
Does Zelle Accept Prepaid cards?
As of right now, Zelle does not support Prepaid cards connected to accounts headquartered in U.S. Territories. American Samoa, Guam, the Northern Mariana Islands, Puerto Rico, and the U.S. Virgin Islands are examples of U.S. territories.
Does Zelle Work with Paypal?
Well it is quite true that Zelle does send money and easily connect with banks, but it does not work with all of them. Zelle does choose some platforms and exempts some others. And Paypal is one of those excluded.
Does Zelle Cope with Cash App?
According to our investigation, you cannot send or receive money from Cash App to Zelle and vice versa. There is a workaround you can use even if you cannot directly transfer money between these two online payment systems. And that is by using another bank as a transfer medium.
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