So you want to learn how to send money via mobile wallet, right? This is one of the smartest ways of purchasing things online that will allow you to bypass those pesky stores and show your appreciation to the people you care about the most.
When I first thought about this new way of purchasing, I was a little bit skeptical. I didn’t know what it would look like, if there would be enough users, if it would really work or at least get my family and friends on board.
Now that I have some knowledge about how mobile wallet works, I can tell you that yes, it can be done. However, it can also be a little hard, especially if you are unfamiliar with it.
If you are using mobile wallet, that means you need to use a digital card, so that you are not sending cash. It works like your normal debit card, but you are allowed to send and receive money through your wallet using it.
You can either download a wallet app from the App Store or Google Play Store, which will allow you to use your wallet when out and about, or you can just go ahead and use your smartphone as a debit card. Either way, it is best to use a wallet app that is specifically for a certain type of device.
The only downfall of using a wallet app is that you won’t have access to your contact details. However, this may not matter to you unless you are going to travel a lot or send your cards to business contacts overseas.
There are a couple of ways to set up an account. There is the traditional way, where you go into your bank or credit union and give them the information you need and they charge you a small fee, and then there is the more convenient option, where you pay a flat fee for the service.
Let’s first look at the flat fee method. You can register with one of these companies, such as TransUnion, Experian, or Equifax, and there will be a monthly service fee for the company to keep your information updated.
This fee is usually the same for consumers, no matter whether you are paying through a credit card or a debit card. However, if you are paying by direct deposit from your bank, there will be a flat fee.
Once you have registered with a company, they will give you a wallet, which you insert into your phone and choose which cards you want to use. You can send money to anyone anywhere in the world and will get it instantly.
However, if you don’t like the way it works, you can opt to not use it, but you will still have to pay the fee. In fact, most companies will do this for you because they get paid every time you send or receive money.