Currency and payments has gone through a large number of changes. If you’re still carrying a load of cards meant for payment transaction, you’re doing it wrong. Probably among those who still not aware that digital wallet has lifted this burden from us. And unlike credit cards, smartcards, these are secure, reliable, more trackable, and yet easier.
Digital wallets mostly revolve around smartphones apps using various modes for transaction from NFC to Bluetooth.
Google Wallet
This digital payment allows you to tap your smartphone at the checkout counter to make payment. Google Wallet uses Near Field Communication technology that is available in most smartphones and tablet. Google wallet is accepted at large number of places in US and European countries.
Most attractive part of the Google wallet:
- Free to send money directly from your bank account or using the balance in your Google Wallet to your friends, using google accounts.
- Fee of 2.9% per transaction (min. of $0.30) to send money using a credit or debit card.
- Receiving money and transferring to your bank account is always free
- Lots of Loyalty benefits, Gift cards and Offers available via the Google wallet app itself.
PayPal
If you want to send money to friends online. PayPal app is available for iPhone, iPad and Android phones. If you are playing in mobile bingo offering PayPal bingo, you don’t need to go to PayPal site to make deposits or withdraw money from your funds. You can do the payment transaction right there on your phone.
You can bump your phone against friends to transfer money.
Lemon Wallet
This app is available for smartphones with iOS, Android and Window operating systems. This digital payment allows you to store your cards’ information and use the information that has turned into a barcode to make payment. The merchants scanned this barcode and payment is charged.
Pros:
- Strong security!
- Ability to simply scan cards and receipts for easy upload!
- Lets you categorize and monitor your spending habits!
Cons:
- Expensive for subscription.
- Limited functionality.
- Can struggle to scan items.
Isis
This digital payment has its own cash card that has been preloaded with $10 as start-up cash for payment. However, Isis is only for Android smartphone. The good thing is this wallet is PIN-protected to ensure your cash protection at all times.
This is only available in iOS and Android phones. To use this digital payment you need to register in Dwola website and create an account. Your account is connected directly to your bank account and you can use Dwola on many merchants that accept Dowla. It works exactly the same with PayPal where user has to create account on their website and the account is connected with bank account. If you are familiar with PayPal and using this for your online bingo games, you can easily adapt to how Dwola works.
Venmo
If you are a fan of Blackberry phones, you can avail Venmo app and send or transfer money to friend’s account. It works similar to PayPal however; Venmo only allows transaction between two parties with Venmo account. Once you transfer or send money with Venmo, you can share the transaction on social networks like Facebook, Foursquare and Twitter. While Venmo is available for Blackberry, it’s now available for iOS and Android.
Square Wallet
This is one cool digital payment that allows you to a hand-free checkout. With Square Wallet in your iOS or Android phones, you link your credit card to the app and you get a merchant card listed in the merchant’s list. When you buy from any of these merchants, the merchant charges the card linked to your credit card. Your favorite merchant will also list you as “loyal” patron and each time you buy from it, all you have to do is say your name at the checkout and payment is directly linked to your credit card.
Personally, I’ve used Google Wallet and Paypal, both are very reliable and easy to use. If I’ve to pick one, I`ll pick Google Wallet for its simplicity, widespread usage, and Google integration.
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