The world has become digital. Gone are the days when you had to carry wads of cash around to make purchases. These days, you could pay for anything from anywhere as long as you have your phone with you. As technology advances, more and more companies are tapping into the idea of a cashless society. With the different mobile payment apps available today, one can do anything from making payments to friends and family and buying things to transfer to foreign accounts. We have compiled a list of the best 10 Ways to pay with your smartphone.
10 Ways To Pay With Your Smartphone
1. Google pay
It seems like Google has an app for everything, so it’s natural to have an app that lets you pay money. With Google pay, you can send cash to others via their mobile numbers and emails. Once the money enters the recipients’ address, they receive a prompt from Google via their emails asking them to verify their identity. Once they confirmed, they receive the money directly in their account. Although the verification can make payments delayed compared to other apps, the confirmation reassurance makes it safe all worthwhile.
2. Chase Mobile
Visiting banks have become a chore in this fast-paced world, and many would like to avoid it as much as possible. Chase mobile works great in granting instant access to essential banking functions from your personal bank such as account information, transfer details, etc. You can get all the details on your account balances, transaction statements, and transaction history with a chase. You have total control over your money anywhere you are. The app includes the latest technology, face ID, and touch to protect users from theft and unwanted access.
3. Venmo
Owned by PayPal, Venmo is a fast and reliable mobile payment service that works only in the US. Within a few years of its launch, more than 60 million people downloaded and made transactions using the app. It is quite popular among students and young people probably because of its name and reputation. Sending money is relatively easy with Venmo as it uses mobile numbers, email addresses, and you could even use Facebook accounts to send money.
4. TransferWise
One of the best ways to send money anywhere globally is through TransferWise. The inter currency transfer rates are relatively low because the money doesn’t leave the country. Instead, they credit an equivalent of the amount in the destination currency. Therefore, transfer and exchange rates are considerably lower (that’s putting it mildly) than other transfer apps. It is super-fast, too, and you can execute payments to destination accounts within minutes.
5. TabbedOut
TabbedOut is mainly for those who love to go out and enjoy eating out at restaurants and bars. This payment app lets you make payments with your smartphone at any institution that supports the app. With the app, you can see your tab, split bills among your friends, and even leave a tip. The app also lets you write reviews of the establishments you visit. It is super-fast and friendly, and you could even get a voucher after using the app.
6. Square Cash
Gone are the days when you couldn’t go anywhere without cash. These days, cash is no longer the most important thing you can have when you go out. It’s your mobile phone. Square Cash lets you wire or receives money instantly. While it’s not as famous for the younger generation as Venmo, it has a competitive advantage over them; You can cancel payments through the app.
7. Samsung Pay
Although the Samsung Pay app is only available on android devices only as it is exclusively a Samsung app, it still performs many functions. With Samsung Pay, users can add their credit, loyalty, gift, or debit cards to the app. And they can use their phones to make payments anywhere without physically carrying those cards around. It is widely accepted, and you can use it virtually anywhere. The app uses a secure magnetic transmission technology that mimics a card while making payments. Samsung Pay has the advantage that businesses do not need to be on the platform to receive money.
8. LevelUp
LevelUp uses QR codes that users can scan to make payments. With this app, you can pay at local businesses by merely scanning your mobile phone. It is fast and effective and doesn’t require extended login information and codes to work. Of course, scanning to pay improves customer-to-seller interaction, plus the app offers many loyalty reward incentives. When shopping at a new place, users can enjoy discounts. The level-up app is free, and the only thing required to register is that you add your credit or debit card information.
9. Square
This app is as old as PayPal itself and just as efficient. Square turns your smartphone into a mini-card register. Your iPhone or iPad works as a tiny card reader, and it allows you to check-in at a store, add things to the cart and check out. The cashier then verifies your identity and square completes the transaction automatically.
10. Apple Pay
Of course, this list would not be complete without the Apple pay app on it. Like Google, Apple has built a sustainable technology company with an app for virtually everything. Apple Pay allows users of Apple devices to pay for anything virtually. The app is so advanced that it can even work on the apple watch. The extra layer of security, which includes Apple’s Touch/Face ID technology, makes it safe and secure for use. The app eliminates the need to carry cash or credit and debit cards. You receive the bill for every purchase in real-time. So you know precisely the timestamp of every payment.
The Bottom Line
In conclusion, it is now evident that the world is over physical bills and that cash is no longer king. These apps, which mostly began as rudiments, are now being modified to do so much more as technology advances. It is truly a wonder to behold. Payment is now more secure, and it is now fast and super effective.
