The internet changed the way we handle money. From credit cards to online payments, everyone nowadays now uses the online world in some form to handle, accept or transfer money.
Mobile card readers are now enabling companies and individuals to accept money from anywhere, on the go.
All such card readers, not surprisingly, transmit and transfer data to their online servers in order to handle the transactions.
We’ve all spent tons of time going into bank locations and online stores to handle money. Over the last 5 years everything has shifted focus to websites.
You can manage your money online, you can transfer money to others, and you can also even receive money out of the blue from people you do business with online, all using a simple email address as your bank account number.
In reality, even if you’ve a mobile card reader, you’re still doing the transactions online. The same is the case with loans, like with cashwindow.co.uk. You can collect cash in stores or have it deposited directly into your bank account, though everything is still done online.
Google has been pushing its Google Wallet onto all Android users slowly. Soon more people will be able to use their phones to pay for anything anywhere. How soon, though?
Only time will tell. One thing is certain, though: the future of online payments is going to be all online. And it is going to be all mobile.Follow @besz