5 Tips for Smart Mobile Money Transactions

It used to be that you had to have cash in your pockets. Then we all got swift and started paying for everything with credit cards. Now, we’re on to a new shift. It’s all about mobile money transactions. If you haven’t had any experience with PayPal, Apple Pay, or any of the other ways to transfer cash with your mobile device, it’s time to get with the times.

To give you a quick crash course on what it means to use mobile money, pay attention to the following five tips – be sure to understand mobile payments in general, follow directions when setting your mobile accounts up, use your resources to protect your mobile accounts, keep your mobile device safe, and start using mobile payments as part of your daily routine.

Understanding Mobile Payments in General

Find a site and read explanations about mobile payments in general first. This will give you the overview that you need before diving into details of each aspect. Depending on your age and your industry, you may have to really shift how some of your thinking about finances goes before you’re entirely comfortable with this new system.

Setting Your Mobile Accounts Up

Some of the major places you’ll need to set your mobile accounts up include registering with PayPal, registering some personal information with your bank, getting your Apple account and password and credit card information together, and even potentially doing things like looking into Bitcoin, which is definitely a fascinating aspects of the new economy that may be surfacing shortly.

Protecting Your Mobile Accounts

The best thing to do to protect your mobile financial accounts is to create very high security passwords and use a password keeping application. LastPass is a good example. By having different passwords for each site, you’ll be keeping hackers away from you accounts, and by using a password keeper, you won’t have to remember all of the variations on your own.

Keeping Your Mobile Device Safe!

Now that you’ve got your accounts set up and your passwords set, it’s still super important you don’t lose your mobile devices or get them stolen either! Because much of that information is on autopilot if you don’t change your settings, if someone gets a hold of your iPhone, iPad, smartphone, Android tablet, or whatever, you could be in a world of hurt quickly. Keep those devices secure and in sight!

Making Mobile Payments Part of Your Routine

It takes a little while to get used to the idea of paying without cash and without credit cards. You may feel a little awkward the first time you pay bills on your phone, or you split a tip with an app. But the more you turn it into a routine, the quicker you’ll understand and appreciate its efficiency.