Safer mobile payments solutions will make your app very easy to use for anyone with a phone. With secure texting and MMS, people can transfer money directly from their mobile phone to their preferred bank account. With an in-app payment method, people can avoid storing credit cards or passwords all together, allowing them to pay for their purchases as quickly and easily as possible.
These safer mobile payments are available now in a variety of forms for a wide range of people. They are perfect for the mobile user, especially when the payment is going to be used for an app-based purchase.
The three most popular new mobile payments programs include Google Wallet, PayPal, and Paydiant. Each has its own unique security features that should be examined when trying to make a purchase. Before you try to transfer money from your phone to a bank account, make sure that you understand how each one works.
Google Wallet is an app-based mobile payment system. The app has a “Pay” button and the user simply follows the instructions of the app.
This service is relatively simple, and convenient, but there are a few drawbacks that may dissuade you from using it. First, the phone’s PIN may not be the same as the phone’s PIN on a bank account, so it will not be an option for you.
PayPal is a mobile application that is free to download. PayPal accounts are tied to a user’s email address, which may prevent you from transferring money from your phone to a bank account if you have a PayPal account with a different email address.
Paydiant is another app-based mobile payment system. It is a Google app that has had a series of security updates added to it, making it safer. When a person purchases a product with Paydiant, it is from the merchant’s website, not from the consumer’s phone.
The Safer Mobile Payments Systems is secure, cost effective, and offer convenience, so there is no reason why you shouldn’t try them out for yourself. If a bank account is necessary, then always use a phone number that you don’t have to prove your identity with.
When transferring money with PayPal, be sure to send money at least two weeks ahead of time. PayPal usually gives customers thirty days, but some customers claim they were charged penalties or chargebacks after less than thirty days of payments.
Some transactions don’t always happen at a designated time, like with Paydiant. It may be a better idea to try Paydiant first, or use a bank account that accepts PayPal transfers.
A majority of these payment apps also support major credit cards, so if you are buying a product from a company that accepts cards, then use a PayPal account to transfer the money. If you can’t find a mobile payment system that supports cards, then your best bet is to use a debit card, and use your phone’s app to authorize the transaction.
The safest way to transfer money is to either use a credit card or a bank account. If you are transferring money from your phone to a bank account, then there are fewer options available to you.