How to Send Money Instantly Via Credit Card Step. Compare fees of PayPal, Alert Pay and MoneyBookers. Click on the "Sign up" button on the company website you've chosen. Enter the required information, such as name, email address, phone number, Click the "Send Money" tab on the website. It’s free to send and receive money when you link a bank account, debit card or prepaid debit card. Using a credit card costs 3% of the transaction. With a few taps on Venmo, you can send up to Venmo transfers are free if you use your Venmo balance, bank account, debit card or prepaid debit card. If you choose to send money using a credit card, you’ll pay a fee of 3 percent. Bank transfers typically take one business day. There’s a weekly rolling limit of $2,999.99 for sending funds through Venmo once you verify your identity.