Do You Use Your Smartphone as a Mobile Payment System?

It seems like technology is trying to make it so that we rely on our smartphones for everything. It seems every time we turn around there’s a new service that our phones can provide. One of the more interesting services is that you can use your phone to pay for things when you’re out and about. Do you use your smartphone as a mobile payment system?

There are a number of services that can handle mobile payments. The main ones are, of course, Apple Pay and Google Wallet. With Apply Pay, you only need to hold your iPhone near a reader with your finder on the Touch ID. A vibration and beep lets you know the payment was successfully sent. It also works within apps. Google Wallet works by simply tapping the app. Payment can either come form your Wallet Balance or can be made through a credit or debit card. Of course, not all stores accept mobile payments. You need to make sure the store accepts contactless payments. There’s also the trust factor at hand here. It’s hard to trust your money to untraditional means. While there’s no doubt paying with your smartphone is really handy, there are also those risks that come along with it.

Are the risks worth it? Is it worth chancing it as you are reasonably sure it will be safe? Does it bother you that you can’t use it all over and can only use it at certain stores or are you willing to take what you can get for the convenience of paying from your smartphone?

Do you use your smartphone as a mobile payment system?

Do (Will) you use your smartphone as a mobile payment system?

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Image Credit: Raysonho @ Open Grid Scheduler / Grid Engine via Wikimedia Commons