Apple pay vs Samsung pay vs Google pay:What the best mobile payment service?

Using mobile payment apps, consumers no longer have to find the right card to do a payment.

Some more, using this apps you can splits checks at a restaurant. You even can send cash to a friend via messaging services like Facebook Messenger and WhatsApp.

WHAT ARE MOBILE PAYMENTS?

Mobile payments are payments made for goods or services through a mobile device, such as a phone, tablet, or smartwatch.

Those payments can be made:

• At retail businesses
• Over the internet to online stores
• To friends via a phone-based text message, or by using messaging apps like Facebook messenger

APPLE PAY

Apple Pay is an NFC-payment system that allows users to make payments in person, in iOS apps, and online.

Residents of the United States can send and receive money using “Apply Pay Cash.” Money can be sent via Messages or Siri.

No fees if you use your Apple Pay balance or a debit card. For credit card, there’s a 3% transaction fee.

Many stores support the use of Apple Pay, including large retailers like Target, 7-Eleven, Airbnb, and even many grocery stores. Simply tap your phone and go.

Payments through websites do require Safari, and the laptop must be in close proximity to the iPhone housing the Apple Pay information.

Pros: 

• Widely accepted
• Easy to set up; most newer Apple devices come with it already installed
• Uses anonymized digital tokens to hide account numbers

Cons: 

• Only works with Apple devices (no sending cash to your Android-loving friends)
• Cannot store boarding passes, movie tickets, etc.

GOOGLE PAY

Formerly called Android Pay, Google Pay is an NFC-based mobile payment app that allows users to make payments via their Android-compatible devices.

It also stores gift cards, loyalty programs, e-tickets and boarding passes.

The “Google Pay Send” lets you easily send money to friends, but it is a separate platform.

No transaction fees for bank transfers or debit cards. For credit card, there’s a 2.9% transaction fee.

Pros: 

• Allows both online and in-app payments
• Multiple layers of security
• Widely accepted

Cons: 

• Features are split; need Google Pay Send for peer-to-peer payments.

SAMSUNG PAY

Samsung Pay allows users to tap their phone to pay at any POS that accepts credit cards. It even works with conventional magnetic stripe readers.

It is supported on all Samsung phones and Gear 3 watches. Samsung Pay also awards 5 rewards points for each use. However, it does take 2,000 points to earn a $5 gift card.

The app stores other information, such as gift cards, shopping loyalty programs, e-tickets, and even airline miles accounts.

Pros: 

• Can be used anywhere that accepts credit cards, including traditional swipe machines
• Can be used to make person-to-person payments, thanks to the “Money Transfer” feature
• Supports gift cards, loyalty programs, and frequent flier accounts
• Works in the US and 23 other countries

Cons: 

• The interface is busy, not as intuitive as other platforms
• Requires a PIN in most cases, so paying is not as seamless as with other platforms