The best mobile payment apps are those that work seamlessly for you. These can be called Mobile Wallets. In simple terms, an app is tied to an online bank account from which the cash is received. The linked account may be a credit card, a debit card that is tied to a conventional bank account or even a mobile phone. The mobile wallet serves as a safe vault from which you deposit your earnings so that they don’t get lost or misused.
There are many mobile wallets available on the internet and most of them have Google Pay. This is a popular service run by Google, where you make transactions using your Google account using your cell phone. All you have to do is send the request for money to the linked-Google account and once the request is verified and authorized, your money will be transferred to your account in a matter of time.
Some people may wonder why they need a mobile app in the first place. Well, first of all, most people use their mobile phones to browse the internet and shop from there. Secondly, banks and other financial institutions are making it a point to keep their customers updated with what’s happening in the financial world through mobile communication. They want to keep track of their customers so that they do not lose them. The third reason why an app for your bank is a must-have is because mobile banking is fast becoming mainstream.
Most banks allow customers to make payments in any mode they prefer such as through SMS, Facebook, MMS, and many more. The most popular is probably the mobile payment apps that allow you to make transactions in real time from anywhere. Even if you are traveling and can’t access your bank accounts, you can still cash your checks in your purse, bag, or any pocket around you since most of these mobiles have a built-in processor. With this, your transactions are insured and fast!
PayPal has had a lot of work put into its cash app. It allows you to send money to anyone with a valid PayPal account. You can even pay someone through your smartphone if you have a compatible biz wallet app. This is ideal for business owners who need to transfer money for personal reasons. Business owners can even integrate the PayPal cash app with their own biz accounts to receive cash payments from their customers.
Contactless payments are also one of the best mobile payment apps. What this means is that you don’t have to carry around lots of plastic money to make payments. You can simply take a photo of your digital wallet and make payments with the palm of your hand.
Payments made through Bluetooth are also safe. You won’t have to worry about your transactions being intercepted since these are covered by strict security measures. However, if you need faster transactions, you should opt for a secured channel. These secure channels make online payments faster than ever before. The best mobile payment apps that you should check out include BankPay, Venues, Moneybookers, Netteller and Yodlee.
The best mobile payment app should allow all major credit, and debit cards as well as PayPal. This is important especially if you are using the app on your smartphone. Mobile phone payments have taken a giant leap towards the direction of global connectivity. Your app can help you facilitate more transactions throughout the day. It is the only way to go if you want to make online payments faster.