This is an extensive look at what are the advantages and disadvantages of using mobile payment. It’s always beneficial to look at things from a different angle, with an entirely new perspective. Let’s start with the advantages.
First of all, mobile phone cameras are much better than those on the older hand held cameras, like the ones we used to use for instant messaging. People love their cell phones, so it only makes sense that they would want to capture photos at any time.
For example, many cell phone users rely on photo websites to take pictures, but there is a “dark side” to using these types of websites. Many sites have malicious software inside that secretly takes pictures and transfers them to another server. Sometimes the software is disguised as something else, and when the picture is sent back to the person taking the picture, the “modified” photo ends up looking completely different.
If you wanted to send someone a photograph, but the photo was altered, could you trust the person receiving the photograph? In a world where everything is “illegal”, how safe are you to be sending your computer generated images and attachments back and forth to people? Would you send any type of data over the internet, especially if you didn’t even know what was being sent?
If the files on your computer were to get corrupted, and a virus was used to attack your computer, then the possibility of possible security threats is very real. But imagine what could happen if this same virus could steal your personal and financial information. So, when you use mobile payments to pay for items in the comfort of your own home, you eliminate the “plastic” from your transaction.
Using your business card is one of the disadvantages of mobile payments. Most consumers don’t carry credit cards around with them all the time, so the main advantage of using the cards is that they can also help you to make purchases when you are away from your home or office. But, if you are able to purchase something that you are going to carry with you, then you might as well use your cards.
Another disadvantage of the cards is that the monthly payments are usually higher than the benefits they offer. In most cases, the monthly payments are a lot higher than the cost of using the cards. So, when you use the card to pay for something, you can usually get a better deal if you use the card.
Having to print out receipts for every purchase is another one of the disadvantages of using mobile payment. This is a problem that can’t be avoided, but it is something that is unavoidable. The major advantage of the electronic records is that you can use the information from the card to do almost anything.
You can print the information from your business card to email it to a customer if you want. You can also use the information from your business card to print out receipts. It’s easy to understand why businesses are beginning to use these cards instead of the paper forms of receipts.
You may be asking what are the advantages and disadvantages of using mobile payment. Well, the advantages are fairly obvious: the ease of use, the cost savings, the security, and the flexibility, as well as the ability to print out all of the necessary documents that are needed for a business.
The disadvantages are often more difficult to measure, but once you consider all of the things that could go wrong, you’ll begin to see why businesses are wary of using this technology. It’s also important to note that the companies that offer this type of technology are already in the business of helping consumers make decisions.
If you want to make sure that your company offers good consumer service, mobile payments might not be a good fit. especially if you want to keep costs down.