Online payments are advertised as convenient, secure, and fast. With a few clicks on your mobile device to the payment terminal, money is sent from your credit card to the receiver’s account. It’s almost like magic!
However, mobile payments are a lot more complicated than they seem. Making a payment with your mobile device is convenient and easy, no doubt, yet they can be quite expensive and subject to technological glitches. For instance, if there’s a problem with the host device, mobile payment will not work. Besides, the digital payment industry continues to engage in “format wars.”
Continue reading Advantages and Disadvantages of using Mobile In-App Payments