Top 7 Mobile Payment Apps & Best Mobile Payments Solutions
When you step outside the house tomorrow, you’ll most likely have at least two things with you: your wallet and your mobile phone.
It goes without saying that mobile phones have become the topmost readily reachable item. Although cash, credit and debit cards are still the main forms of payments, payment using a cell phone appears to be a growing trend amid shoppers.
For example, consumers can now use their smart phones at payment terminals located at various retail and grocery stores.
There are hundreds of mobile payment apps and platforms available. Below is a list of seven top mobile payment apps available in the market today.[related1][/related1]
7 Top Mobile Payment Apps and Solutions
Google Wallet ranks as one of the very top mobile payment apps. It allows you to easily send funds from anywhere to anyone in the US.
In addition to being able to quickly transfer money, it also allows you to store and easily redeem your loyalty programs.
Google Wallet Mobile Payment Solution
- Are Bonds a Good Investment? Should Investors Buy Bonds in 2014?
- 12 Best Online Banks to Open an Account | No Fees, High APRs
PayPal’s online platform has been around for a while.
However, with the recent launch of its mobile payment solution app, “PayPal Here App”, PayPal is executing a strategy of being a one-stop shop for all your payment processing and management needs.
Square prides itself in being a single platform that provides “everything you need to start, run and grow your business”.
With Square’s mobile payment card reader, anyone can accept payments via mobile phone, tablet, iPad, or other mobile devices.
Square Up Mobile Payment Reader
With Intuit’s GoPayment card reader and mobile app, you can swipe a credit card, have customer sign and then get paid right away.
GoPayment Mobile Credit Card Processing
LevelUp is an iPhone and Android app that lets you make purchases using QR codes that are linked to your credit cards. Before heading out shopping, you'll need to know which businesses accept LevelUp. The list isn’t long.
PayAnywhere rates itself as “the most complete mobile credit card processing system on the market”. The free PayAnywhere reader accepts all credit cards.
It has a similar card reader as the one provided by Square and other Mobile Payment providers. The reader fits into the headphone jack and is compatible with iPhone, iPad, iPod touch, and most smartphones and tablets devices.
PayAnywhere – Mobile Payment Solution
Related: Here is How Mobile Banking is Disrupting How We Bank
While other mobile payment providers concentrate on the business segment, Venmo’s strategy is to cater to the general masses.
It is free to send money with Venmo, as long as you use a bank account, supported debit card, or Venmo balance to fund your payments.
As of today, there is a 3% fee for using a credit card.