The Easiest Way to Use Your Money

 
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With smartphones, apps, and websites, it’s so easy to use our money with just the touch of a button. You can pay your friends with apps, through text messaging, and even straight from your bank account. With all the resources, the easiest way to use your money these days extends beyond the traditional cash or card. Now, you can use:

  • Cash
  • Credit/Debit Card
  • Apple Pay
  • Samsung Pay
  • Google Pay
  • Venmo
  • Zelle
  • PayPal
  • Facebook
  • GroupMe

Ways to Use Your Money

Cash and card seems to be slowly dwindling away as there are more apps coming out where you can pay at the stores, online, or to give your friends money. Who needs to take cash out or write a check when you can use an app? You’ll even see in stores the different symbols to pay via your phone on the card machines. Here are some of the top easiest ways to use your money in today’s technological world.

Cash

An oldy but a goodie, using cash can sometimes be the easiest and safest way to pay people while ensuring your expenses are left out of the hacking world. Studies have even shown people spend less when they use cash because it allows them the physical feeling of removing the monetary value from their wallets.

Debit and Credit Cards

The tried-and-true way to pay with money for the last 60 years since American Express introduced the plastic card in 1959, this is the top chosen method of payment. It offers security, reimbursement in case of fraud or stolen identity, and it’s so easy to just swipe your card that has all your money in one place. The advantages?

  • Debit – Using a debit card means you don’t have to pay any fees to use it, and you’re able to control your spending. Today, you can even download an app with your bank that allows you to monitor your transactions in real time. You can watch your account and monitor to the exact penny of how much you spend.
  • Credit – Credit cards not only allow you to “use now, pay later”, but many offer rewards in the form of points or cash back that can be used with gift cards or as statement credit. Many credit cards also come with warranties for large purchases that you make with them. Not to mention they can help build your credit history.

Apple, Samsung, Google Pay

With the intelligence that comes with smartphones, it would only be right that they can help us pay. Almost every smart phone comes with the option to connect your cards or bank accounts through its system or an app.

  • Apple Pay – Apple Pay is probably the most well-known payment option. What first started out as a way to pay for apps, iTunes, and other Apple purchases has now turned into a way to pay in stores, in apps, and online using any of your Apple devices. You can use it to send and receive money in messages from friends and family, and transfer money between the Apple Pay cash balance and your bank account. It uses device-specific numbers and unique transaction codes to ensure your information’s safety.
  • Samsung Pay – Samsung uses an app that allows you to pay in-person, online, or to make in-app purchases. It allows you to connect your bank accounts and cards, memberships, and gift cards while giving you the opportunity to gain rewards. Connected with over 1000+ banks, it uses bank fraud protection and fingerprint, pin numbers, or iris scan to ensure the safety of your information – along with the Samsung Knox technology.
  • Google Pay – With Androids, you can use Google Pay to pay online, in stores, in apps, and friends via email or phone number. It also offers rewards for your purchases and has multiple layers of security.

Venmo, Zelle, PayPal

Instead of having to make a trip to the bank, write a check, and or meet up with a busy friend, smartphones have also brought us apps that allow you to pay your friends and family for different things by sending them money.

  • Venmo – Venmo allows you to pay your friends and family with money in your Venmo account or through your linked bank accounts. With their connection to PayPal, you can also use it to pay on different sites. When you receive money, you can easily move your money from your Venmo account to your bank. Venmo ensures your information is encrypted and protected.
  • Zelle – Zelle is partnered with about 60 different banks and can be used with their app or through your banking app. You can send and receive money within a few minutes and have it deposited directly into your bank account.
  • PayPal – PayPal has many uses across the internet and can be used with your bank account, card, or PayPal credit. It allows for secure and faster checkouts online, so you don’t have to continue imputing your card information every time you purchase online. Instead, it saves your card information and you choose your preferred payment method at checkout. You can also use it to send and receive money with others who have PayPal, and it has a business program that helps you track your transactions with your business online, in stores, or through email and phone.

Facebook, GroupMe

More and more platforms are starting to integrate some sort of payment system, so you don’t have to exit their apps when you need to send money. It allows you to do it all at once.

  • Facebook – Facebook now allows you to use your Visa or Mastercard to send money through messenger to your friends or family. While most apps charge a fee to send money from your card, Facebook allows you to do so with no extra charges.
  • GroupMe – GroupMe is a group messenger app, which now uses Split to allow users to transfer money to one another or chip in for a goal. All you have to do is attach your card, but while it’s free to set it up, they charge you 4% for every transaction plus $0.99 for a convenience fee.

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1Credit approval is subject to LoanMart’s credit criteria standards. Actual loan amount, term, and Annual Percentage Rate of the loan that a consumer qualifies for may vary by applicant. Minimum loan amounts vary by state. Consumers need to demonstrate ability to repay the loan.

2Based on consumers who received a loan from February 2002 to October 2018.

3Application processes could take five (5) minutes to complete. Upon completion, a conditional approval may be given pending review of documentation. Funding time is based on the time from final approval following receipt and review of all required documents and signing, prior to 5PM PST on a business day.

4To exercise the right to rescind, the consumer(s) must notify LoanMart in writing by midnight on the sixth calendar day from obtaining the loan. Within one business day from notice of rescission, the consumer(s) must return any monies received and fees paid on behalf of the consumer(s) by certified funds.

5LoanMart recommends and encourages customers to pay early and often and more in order to avoid additional finance charges.

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