How to choose payment methods for your money app
By SendPay Business · · 2 min read
People will only use your money app if they can get money in and out in a way that suits them. The right payment methods depend on your country and your customers, not on what the big global apps offer.
Start with what people already use
Ask your first customers how they pay today. In some places that is cards, in others mobile money or bank transfers.
Common options
Most money apps choose from:
- Debit and credit cards.
- Mobile money wallets.
- Bank transfers.
- Cash top-ups at partner shops.
Check the costs
Each method has different fees and speeds. Compare what each costs you and your customer, and show the price clearly.
Start with one or two
Launch with the one or two methods most of your customers use. Add more later when people ask for them.
Make paying out easy too
Customers care as much about getting money out as putting it in. Make sure withdrawals are just as simple.
Build it
Create your own financial platform.
Pick a template, name it, brand it, preview every page before you pay. Your brand, your users, your fees.
Build my platform →Questions people ask
How should I set my fees?
The fee guide covers pricing that covers your costs and stays fair.
Set your platform fees →What should my first feature be?
The first feature guide helps you decide what to launch first.
Choose the first feature →Can I call it a bank?
In most countries "bank" is a protected word you can only use with a banking licence. Call it an account, a wallet, an app or a platform. The accounts and payments behind a SendPay Business platform are powered by licensed partners.
Is there a step-by-step plan I can follow?
Yes. The free launch checklist takes you from picking your people and naming your app to setting fees, going live and winning your first ten customers.
Digital bank app launch checklist →How do I start?
Pick a template, name it and preview every page before you pay. Your platform can be live on your own domain within 24 hours of confirmation.
Build my platform →Read next
This guide is general information, not legal or financial advice. SendPay Business is a technology company, not a bank, and does not take deposits; regulated services on the platforms are provided by licensed partners. PayPal, Patreon and Substack are named as reference points only and are not affiliated with SendPay Business.