Making payment transactions with mobile phones has become a trend. With the increase in popularity of the mobile phone, people have also started to make use of it to make payments. These payment transactions are carried out through various modes like SMS, MMS or email.
There are two types of payment transactions through mobile phones. The first one is through text message and the second one is through email. In this type, users can choose between the two options to make the payment for their transactions. In order to get rid of the fraud, they have to follow the guidelines of the mobile payment gateway that has been designed to facilitate the users of the payment services through the mobile phone.
To make payment with mobile phones, a gateway will be required for the transaction as well as the software which will be used for sending and receiving the transactions. There are different types of mobile payment gateways that have been developed for different purposes.
Mobile payment gateway helps to transfer the cash to the account of the user. They will need to provide the payment details like the pin number of the user as well as the credit card number so that they can carry out the transactions.
A mobile payment gateway can be used to send and receive transactions on behalf of the user as well. Some of the popular mobile payment gateways that have been developed include Google Checkout, PayPal, Citibank, PayPal, Direct Check, ClickBank, Moxi, Neteller, Paydotcom and Xoom. All the payment gateways will enable the users of the mobile payment services to make the payments. They will be able to transfer the money from one bank account to another without any hassle.
The mobile payments are highly useful because they will help the users to buy things on the Internet as well as to pay online. There are several websites which accept mobile payments as their payment option. These websites will not charge any cost for the service and the users can make the payments in this way.
The major advantages of mobile payments are that the users can make the payments quickly and can compare different rates of different companies. This will help them decide which company has the better rate and is better than the other.
There are different types of mobile payments as well. One of them is the “Tap and Go” mobile payments. and another one is “Swipe and Pay” as the third party payments.
Mobile payments with the “Tap and Go” is a type of mobile payment service where a registered user can use the services of a particular merchant by entering the service PIN. When the user swipes his or her phone, the merchant would send a text message to the user on the phone. The user can then choose a merchant as well as a payment option by clicking on the option.
A “Swipe and Pay” mobile payment are another type of mobile payment service. Users will have to swipe their mobile phones on a specific device that will then automatically complete the transaction. There will be a specific PIN code that needs to be entered by the user before the payment is completed.
There are several payment options that can be selected depending upon the kind of service that the user wants. The options may differ depending upon the type of service that is being provided. These payment options can either be secured or unsecured.
Secure payment options do not ask for any kind of security when the user chooses to make the transaction. Secure payment services do not require the user to provide any sort of credit card or any kind of information. If the transaction is successful then the user will receive the money in his or her account automatically without having to wait for the transaction to complete.
Unsecured mobile payment does not require any type of authentication, as there is no need for any type of security. The user can make the transaction using any amount of cash or any debit card.