Feb 23rd, 2021 publishUpdated   Feb 24th, 2021, 9:00 am

Advancements in technology have made thousands of processes more efficient, and that is certainly the case where mobile payments are concerned.

The days where you had to fumble around in your pockets in store to find the cash to pay for goods or services are long gone, and it is a similar story online.

There are now hundreds of ways you can make mobile payments via standalone apps or directly from your bank account courtesy of open banking software.

However, as with most types of tech, the standard of these services can vary wildly, so read on as we identify the most secure options for regular payments you may make.

Online Casino

If you are planning on playing at one of the sites listed at ukbestonlinecasinos.com, instant banking services such as Trustly are well worth checking out.

The firm recommends using its service in four sectors – e-Commerce, financial services, online gaming and travel.

Trustly provides users with the ability to make mobile payments directly from their bank account safely and securely. 

It uses the same secure encryption tech as banks and is fully regulated and authorized by the Swedish Financial Supervisory Authority.

Many experts have predicted that Trustly will become the ‘go-to’ mobile payment method at online casinos over the next few years.

In addition to processing transactions instantly, the nature of Trustly means that players are only wagering with their own money rather than racking up debt on credit cards.

Retail Payments

If you own a Samsung phone and want an easy way to make in-store payments, the Samsung Pay mobile app should be right up your street.

Consumers can use it in-app and online by loading their cards into the digital wallet on their mobile devices and paying for purchases with a single tap.

Samsung Pay generally doesn’t require any additional equipment for customers to make a payment, making it a cost-effective option for retailers.

Each transaction is covered by the credit card issuer’s or bank’s fraud protection, and users can get rewards or earn cashback for using the service.

Transactions must be authenticated by the card owner’s PIN, fingerprint or iris scan, making it more secure than many other mobile payment services.

With additional secure functionalities integrated into the app adding further security layers, it is no surprise to find that Samsung Pay is the most accepted mobile payment.

Online Shopping

PayPal has been around since 1998, when it emerged as a secure way to make purchases on eBay, and it is now firmly established as one of the best ways to complete online payment transactions.

Around 360 million people across the world use PayPal, highlighting just how popular it has become since it was first launched.

The nature of PayPal means that it resistant to hackers as all transaction data that is sent is protected by end-to-end encryption.

This means that your financial information is not revealed, even to the recipient, making it hugely effective against payment fraud.

Users of the PayPal mobile app can utilize an additional authorization factor – a temporary security code by text message – thus making each transaction safer.

With the added bonus of the firm’s Purchase Protection Policy ensuring that users are reimbursed if products fail to arrive as described, PayPal sets the standards for mobile payments.

Business Payments

QuickBooks GoPayment is a mobile point-of-sale app that allows businesses to receive payments on the go for goods and services.

The plug-in card reader works on Android devices and integrates with QuickBooks Online, making it easy to manage business payment transactions.

Bluetooth capabilities within the card reader allow business owners to accept magnetic stripe and EMV chip cards, plus Samsung Pay, Google Pay and Apple Pay.

Although there are transaction fees involved, these are not prohibitive for a service that offers businesses the opportunity to process secure payments.

The link-up with QuickBooks is also extremely handy, helping users minimize the amount of time they spend uploading transactions to their accounting system.

For small businesses or freelancers who need to be able to receive mobile payments, QuickBooks GoPayment is the ideal solution.

Person-to-Person

There are numerous ways to send and receive money person-to-person via mobile devices, and one of the best of the bunch is Zelle.

Many mobile banking apps already support Zelle, or you can download the app on Android devices if the bank does not have it.

Users complete a transfer by entering the phone number or email address of the recipient and the amount to send before confirming.

Transferred funds may hit the recipient’s bank account within minutes, making it one of the fastest ways to send mobile person-to-person payments.

Zelle is available for anyone who has a bank account in the United States and can also be used to make payments to small businesses.

The app is straightforward to download and uses up-to-date authentication and monitoring features to make your payments more secure.