We live in a world where “CASH” – at least in its physical form – is a thing of the past. Today, over 90% of monetary transactions that take place are DIGITAL – just numbers being exchanged/transferred from one account to another electronically. Whether it be making an online purchase or at a grocery store, or at a Hot-Dog Stand (I Love NYC!), the sight of cash is a rarity. Almost ALL business, at least the ones that are successful, accept Credit and Debit Cards; some even accept Bitcoin. Despite the fact that we’ve substituted cold hard cash with Plastic, the fact remains that both modes of payment are vulnerable to theft. If someone steals your wallet with $100 Cash in it, you might feel upset for a while, but you’ll get over it; if someone steals your wallet with all your Credit Cards and Debit Cards in it, you can pretty much kiss good bye to your life – by the time you get to disavowing all your Credit/Debit Cards, it’s already too late; the damage has been done. So the idea that Credit Cards are safer than Cash, is a fallacy.
I recently lost my wallet on the Subway from Brooklyn to Manhattan – and the guy/gal who found it, went on a F**KING shopping rampage; everywhere from Louis Vuitton to Macys to Saks 5th Avenue, they spent my hard earned money like there was no tomorrow. By the time I called my Credit Card company, these clowns had already spent over $5,000 – it was really ugly!
This painful experience forced me to look for alternatives to Credit/Debit Cards, and although there isn’t a fool-proof way to completely eliminate the risk of your Wallet and Credit Cards being stolen, there are definitely some things you can do to reduce the risk of a major financial loss.
In this blog post, I’ll be sharing a list of some of the best Virtual Wallet Apps For iPhone available on the iTunes App Store – Apps that you can use to store all your confidential information in an encrypted vault; and Apps that you can use to make payments directly from your iPhone, without having to pull your wallet out of your pocket, thus avoiding the risk of being followed and mugged. I’m being a bit dramatic here, but you get my drift.
So, without further ado, let’s get straight to it.
Virtual Wallet Apps For iPhone
This one’s a no-brainer. PayPal is by far one of the best virtual wallet App for iPhone. You can securely transfer funds between accounts and make payments without divulging your confidential financial information – like Credit Card Number, Bank Account Number, etc… Today, a majority of individuals who are tech savvy, have a PayPal Account and possibly the PayPal App on their iPhone (iOS Devices). Definitely a must have App for making quick and secure payments.
2) Cash – Send Money For FREE – Developed by Square Inc.
If I’m not mistaken, after PayPal, Square Inc. is one of the largest Online Merchant/Credit Card Processing service on the internet. As part of their ongoing push to attract consumer transactions, they’ve developed the Cash – Send Money For Free App.
According to the makers of the Cash App, here’s how the App works:
Send or request money by using a text message or an email. It’s 100% free. Setup only takes a minute and money is automatically deposited to any US bank account. Most deposits happen instantly, so your money is ready to spend when you need it.
• FREE – Just link your debit card to start sending and requesting money.
• FAST – Most payments are deposited to your bank account in minutes, using the Visa or MasterCard debit card you already have in your pocket.
• SAFE – We’ve got you covered with an optional passcode lock and 128-bit encryption. Payments that aren’t claimed in 14 days are automatically refunded to you.
Manilla is another great App/Service that allows you to manage all your Bills and Financial Accounts in one place. Manilla is like a pseudo-virtual wallet that sends you notifications and reminders so that you’re never late on your monthly bills. Manilla has been featured in popular publications like the New York Times, USA Today, Forbes, and on Mashable.
Just like Manilla, Check is another great Bill Pay and Financial Accounts manager app. With Check, you can not only stay organized with your monthly Bills and Account Balances, but also pay your Bills directly from the App. Check is like an All-in-One Virtual Wallet for your iPhone.
Note: This page is updated on a regular basis. We at App Store Download, are constantly in search of Useful and Efficient Apps that simplify the lives of our customers/readers. As such, we recommend you bookmark this page and check back every once in a while, just in-case we add new Virtual Wallet Apps to our list.
If you have any questions or suggestions, please leave a comment below.
Bonus: Free iPhone Apps
- Never Have I Ever – Best Drinking Game and Party App For iPhone – FREE
- QuickNotes – Simple, Fast, and Efficient Notepad App For iPhone With Cloud Sync – FREE
- Glamourize – Custom Status Bar, Colored Dock, and HD Wallpapers For iPhone – FREE
- Spiffy Photo Editor – Excellent Photo Editing App For iPhone – FREE
- Holy Alarm – Bible Study App For iPhone – FREE