Having roommates can save you a lot of money. But it can also cause a real hassle: figuring out how to share expenses and split bills can be difficult.
Luckily, there are ways to deal with this problem. One of the best is with an online money transfer. This is clearly a popular method. Venmo users alone sent $8 billion last year.
Not sure where to start? Try these five methods!
Use Cryptocurrencies For An Anonymous Online Money Transfer
A lot of people think that anonymity is sketchy. But this isn’t true. Most of us just don’t want to broadcast every transaction we make.
Using cryptocurrencies like Bitcoin is a great way to make an anonymous online money transfer.
There are a number of cryptocurrencies on the market. While we all know about the innovation of Bitcoin, there are also important currencies like Litecoin and Dash. Either way, these are great ways to split the bills.
Use Venmo For An Easy Experience
We mentioned how popular Venmo is. But the truth is, there’s a good reason for this.
If you want to make an online money transfer without any fuss, this is one of the best services available.
As soon as your phone is plugged into the app, you’re ready to pay your bills. It’s fast, efficient, and easy to use: consider this for small and large amounts of money.
PayPal Is Convenient And Secure
PayPal seems a bit old school. But sometimes there’s no reason to change a good thing. This service is incredibly helpful for transferring small and large amounts of money.
PayPal works so well that it’s not just used by roommates. It’s also popular with people sending gifts and companies paying their employees.
Like Venmo, it’s also incredibly easy to set up. So you should consider this method of paying the bills.
You Probably Already Have A Google Wallet
Google Wallet is available to anybody with a Gmail account. Given the fact that there are over one billion active monthly users of the platform, this probably applies to you.
Using Google Wallet to split the bills makes sense. On top of being easy to use, it’s also a great way to get the most out of your accounts. So make sure to take advantage of this incredible method.
There’s Always Your Bank
If you have a bank account, you already have a great way to split the bills with your roommates. It can be incredibly easy to make external transfers, and you won’t need to set up a new online account to do it.
Please be aware that this only works if you’re fully enabled for online banking. But if you are, this is a method worth using.
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If you want to figure out the best way to make an online money transfer, you need to read our blog today!