It ’s 2012 , and we ’re still fussing with paper currency . Why is n’t everything electronic ? Or at the very least , only utilizing charismatic cartoon strip on moldable rectangles ? Where are those ID / Passport / money - replace menu we were promise in the 90s ?
There ’s hope . Over the past few years , a smattering of savvy startup and developer have begun explore the electronic money transaction made potential by the rise of smartphones and tablet , the lowered cost of technology and the ubiquity of the cyberspace . It may not yet be 100 % possible to avoid cash totally , but you’re able to get close .
You already know a few things you may do . Buy things online , use a credit card , position up automatic payments , etc . That ’s obvious . But what about day - to - twenty-four hours stuff ? We ’ve narrow that down to three chief surface area you may deal with in your daily interaction with money : Buying goods , selling good , and exchanging monetary resource . For each category , we ’ve give out and bump apps , services , and computer hardware that will facilitate you in your seeking .
Buying
Google Wallet
Google Wallet is probably the most mature east - wallet technology around . It corroborate all the major citation cards and is compatible with the NFC terminals already active in restaurants , shops and retail outlets . All you do is load your data , and when it comes prison term to pay , you tap your phone to your terminal and voila ! PAYMENT RECEIVED . Plus , you could take reward of merchant business deal and reward without having to dribble around a wit or piece of report . Sadly , Google Wallet is only usable on a handful of Android telephone set at the import ( and will likely be Android - only for the foreseeable futurity ) .
Pay With Square
Square was one of the first company to make electronic payments gimcrack and easy for small businesses and individuals likewise . Their next phylogenesis as a society is Pay With Square , an app - based system which uses mobile apps , GPS and wireless meshing to link you and the merchandiser . In an idealistic world , you take the air into a enter storage , the Pay With Square app detects your location via GPS , and it automatically negotiates detail between you and the merchant . All you have to do is approve the transaction . Maybe not quite as elegant and easily implementable as NFC , but if done right , shopping would palpate like legerdemain .
Passbook
https://gizmodo.com/passbook-is-the-beginning-of-mobile-payments-on-ios-5917474
Microsoft Wallet
Like Google Wallet , Microsoft ’s Windows Phone 8 answer will admit you to upload your deferred payment card and use your phone as an NFC - enabled money automobile , along with memory access to rewards cards , ticket service , and deals . And though it ’s not quite uncommitted yet , it will likely belt down up on most Windows Phones start forrad .
https://gizmodo.com/windows-phone-8-might-finally-make-nfc-payments-popular-5919928
Selling
Square
Square is about a household name when it fare to mobile payments . The little credit card reader , offered for loose by the company , plugs into the phone Jack-tar of your smartphone or pad . you’re able to at once take payments from anyone packing a credit add-in ( for a low dealing fee ) . It ’s almost prosaic to see modest merchants opting for the divine service , and now bigger fellowship , like Urban Outfitters , are begin to trade in Johnny Cash registry for iPads and Square readers checkout terminus .
PayPal
PayPal has been a mainstay for the in effect part of a 10 , being one of the first services to connect credit circuit board and bank accounts to an on-line base allowing people to transport money to one another . As a marketer , all you have to do is give a client your email address so they can push investment firm from their PayPal account to yours . or else , you may use its carte reader to accept payment ( just like Square ) , or use the smartphone app to appropriate a pic of a acknowledgment card or check and take payment that direction . Versatility is the name of the game here .
Verifone
Just like Square and PayPal , VeriFone has a circuit card lecturer of its own . What separate its service from the others are its low and flexible dealing fees . Wanna have VeriFone tear you per swipe ? That ’s o.k. . meet a lot of customer bulk and need a low rate that you bear for in majority ? That ’s possible too . Plus , the company ’s API chopine not only allows you to bake your own deals and reward into the system , you may build payment element directly into an app of your own , which really opens up your marketing power .
Exchanging
Banking Apps
Bank of AmericaandChaseare wretched creation on closely every front , but the companies , along with the less miserableWells Fargo , do have two bright points : the ability air and get funds directly to and from another somebody ’s depository financial institution account , and the power to fix check with your smartphone tv camera . When you owe someone money , or really need to deposit that birthday check off from your grandparents , this really makes liveliness easy . Plus , you’re able to pay up your bills from the websites and apps of these banks , which is an added fillip .
PayPal is not only for those clock time you bribe things on eBay . You know when you go out to dinner or drinks with protagonist and you leave your wallet or purse ? You just have a friend cover your bill , PayPal them shortly after ( if not instantly after ) , and all is well . Why not just use this excuse all the time ? Sure , you ’ll face scatterbrained as shit , but it gravel carrying cash .
How To
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