The world is now digital. The days of carrying large amounts of cash to make purchases are gone. You can now pay anywhere, as long as your phone is with you. More and more businesses are embracing the idea of a “cashless society” as technology improves. With the many mobile payment apps that are available, you can do everything from make payments to family members and friends to buying items to transfer money to foreign accounts. Here is a list with the top 10 ways to pay using your smartphone.
Ten Ways to Pay with Your Smartphone
1. Google pay
Google Pay is a convenient way to send money via email or mobile number. Google Pay allows you to send money via email or mobile number. Google will send an email to the recipient asking for confirmation of their identity once the money has been sent. After they confirm, the money is deposited directly into their account. The verification process can delay payments compared to some other apps. However, the confirmation of payment makes it worth the wait.
2. Chase Mobile
In this fast-paced, hectic world, many people would prefer to avoid going to the bank. Chase Mobile is a great way to get instant access from your bank account information and transfer details. With a chase, you can access all of the information about your account, including transaction statements and transaction history. Your money is always under your control, no matter where you are. Face ID and Touch are the most advanced technologies that protect against theft and unwanted access.
3. Venmo
Venmo, which is owned by PayPal and only available in the US, is a reliable and fast mobile payment service. In just a few short years, the app was downloaded by more than 60 millions people. The app is very popular with students and youths, probably due to its reputation and name. Venmo makes it easy to send money as you can use your mobile number, email address, or even Facebook account.
4. TransferWise
TransferWise is one of the easiest ways to send money around the world. Inter currency transfer rates tend to be low since the money does not leave the country. They credit the equivalent amount in the currency of the destination. Transfer and exchange rates (to put it mildly), are therefore lower than with other transfer apps. You can also make payments within minutes to the destination account.
5. TabbedOut
TabbedOut was designed for people who enjoy going out to restaurants and bars. With this payment app, you can pay with your smartphone in any establishment that accepts the app. You can view your tabs, split the bill among friends, or even leave a tip. You can also write reviews about the places you’ve visited. The app is fast and friendly. You could get a coupon after using it.
6. Square Cash
Cash is no longer the most important thing to have when you go out. Cash is not the most important thing to have with you when you’re out. Your mobile phone is the best option. Square cash allows you to instantly send or receive money. Venmo is more popular with the younger generation, but Square Cash has an advantage. You can cancel payments via the app.
7. Samsung Pay
The Samsung pay app only works on Android devices, as it’s a Samsung-exclusive app. However, it performs a number of functions. Samsung Pay allows users to add their loyalty, gift or debit cards. They can also use their phones for payments without having to carry around the cards. You can use it almost anywhere. It’s widely accepted. The app mimics a credit card by using a magnetic transmission system. Samsung Pay is a great option because businesses don’t need to be using the platform in order to receive money.
8. LevelUp
levelUp makes payments by scanning QR codes. This app allows you to pay for local services by scanning your phone. This app is quick and easy to use, and does not require any codes or login information. Scanning to pay enhances the customer-seller relationship, and there are many rewards for loyalty. Users can get discounts when they shop at new places. The app is completely free and all you need to do is add your credit card or debit card number in order to register.
9. Square
This app is just as old as PayPal and equally efficient. Square turns your smartphone into a mini-card register. It allows you to check in at a shop, add items to your cart, and checkout using an iPhone or iPad. Square completes your transaction after the cashier verifies your ID.
10. Apple Pay
This list wouldn’t be complete without Apple Pay. Apple, like Google, has created a technology company that is sustainable and offers apps for almost everything. Apple Pay enables Apple device users to pay virtually for any item. It is so advanced, it even works on the applewatch. Apple’s Touch/Face ID Technology, as well as the extra layer of security that it offers, ensures a safe and secure app. This app eliminates cash and credit or debit cards. The bill is sent to you in real time. You know the exact time stamp of each payment.
The Bottom Line
It is clear that physical money is not king anymore. As technology progresses, these apps that were initially rudimentary are being upgraded to perform more. This is a true wonder. The payment process is more secure and is faster and more effective.
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