Many ways of payment modes has come providing various facilities either it may be in the form of apps else a website. Technology has developed in a way that with just a single click you can transfer money to anyone sitting from any corner of the world. Google commerce team has also developed similar app and announced an update to Google Wallet as well.
To make it another level for its competitor PayPal, it has introduced a text message payment method. This particular method is designed in such a way that irrespective of the other person whom you want the money to be transferred has a Google Wallet or not in spite of having that person’s number in your contact list.
For this the person has to send a secure link to the receiver on their mobile and after clicking that link simply their debit card details number has to be entered within minutes. In a very short span of time this update will be rolling out on Google Play and App Store. Meanwhile there are such sites which has there style of payment procedures. As we know that the direct bank transfer is a bit time taking process and so people are opting different ways.
PayPal:
This is payment procedure for which you need to have an account for both the parties, this is a bit problematic. Now that this has launched a new and easier process to share the amount among the family members or friends with a simple a link either in email or text message provided with both the parties holding PayPal accounts with a high security.
Square Cash:
This is the best platform to just send and receive money without any complications, just have to compose an email to the debtor with all the subject fields to CC request@square.com and once the email has received both the parties should enter the banking information for a better clarity and confirmation before the transfer which is very easiest procedure.
Img Source: http://cdn.arstechnica.net/