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Beware the Fees That Come With Some Money Transfers on Apps

April 24, 2020

Money transfer apps, which allow you to quickly pay friends and family through your smartphone, have grown in popularity in recent years. And the coronavirus pandemic has only expanded their use — to pay gig workers, make donations or simply avoid using cash.

The apps have even been promoted as a way to receive government stimulus checks.

But linking the mobile apps to your credit cards may get more expensive, thanks to a payment industry change.

Read More on The New York Times