Technological advancements have changed how most things are done in the modern world. This trend is certainly the case when it comes to settling business transactions. These days, payments are easy to make using a mobile device such as a tablet, Smartphone, or smartwatch, where settlements are processed electronically. Instead of carrying cash everywhere you go, consumers are finding it more convenient to use their mobile gadgets to pay for goods or services in brick and mortar as well as online stores.
Today, many standalone mobile apps and direct methods (using banking software) allow mobile payments. Businesses willing to accept mobile payments only need to have a mobile card reader or an appropriate mobile app to complete the process. With that said, there is no denying that there are several kinds of mobile payments available, although finding the appropriate one has proven to be a daunting task. Read on to identify the most secure mobile payment method for regular transactions.
Zelle is a unique way to send and receive money person to person right from your bank account using a free mobile app. You can use Zelle through major banks, including Citi, Bank of America, Wells Fargo, Chase Bank, U.S Bank, and online banking leaders, Capital One and Ally. In case your bank doesn’t support Zelle, all you need to do is download the Zelle app and connect to your bank account. This means that Zelle’s security features are dependent on participating banks, which makes them safe to use compared to other mobile banking options available in the market today. What’s more, Zelle allows you to send cash with same-day transfers to anyone as long as the recipients have accounts at a participating bank. Essentially, Zelle is attractive to most users because of its fast speed and zero sending or receiving money rates.
PayPal One Touch
There is no doubt that PayPal is the granddaddy of payment companies, with its history dating way back to the late 1990s. Initially, the payment method was solely used to settle payments for the eBay platform, although with time, it has grown to be a dominant name in the online payment industry. PayPal’s nature is such that it is resistant to hackers since it uses end-to-end encryption to safeguard the users. The PayPal mobile app uses additional security features such as temporary security codes via text to ensure that each transaction is safe. The firm’s Purchase Protection Policy helps users get reimbursed if the products or services fail to arrive as described. Indeed, PayPal has succeeded in setting mobile payments standards.
Trustly is a trusted payment option that serves four main sectors: e-Commerce, travel, online gaming, and financial services. If you are looking to try your luck in a casino, more so gaming in a casino without a license, instant banking services such as Trustly are worth checking out. As an online player, it is important to have access to a fast and easy method of making deposits and withdrawals. Regulated and authorized by the Swedish Financial Supervisory Authority, Trustly provides users with the ability to make mobile payments to online casinos directly from their bank in a safe and secure manner. In Sweden, trusted gaming operators offer relevant information on how players can play in casinos without a license or break options to make sense of the prediction of Trustly as a “go-to” mobile payment plan for online gaming sector in the future.
Venmo works via a mobile app installed on a Smartphone or tablet. The firm is actually owned by PayPal, although the two are completely different from each other. Signing up is easy and can even be done using your Facebook account if you like making it one of the few mobile payments services with a social network attached to it. The app is primarily designed to send or receive money from relatives and friends who are also Venmo users. To send money, you only need to confirm the recipient’s username. You don’t need to share emails or phone numbers which eliminates the chances of making typos as you write down the details of the recipient. If you’ve never sent money to someone before, the system double-checks it for you and shows a larger profile of the intended recipient so that you don’t send money to the wrong person.
The list of secure mobile payment services is endless, and this raises the issue of security. Mobile payment apps have become targets for hackers and scammers who pry on innocent users. However, with the necessary knowledge, you can avoid these pitfalls.