Mobile payments are advertised as a quick and convenient way to pay for anything. Just tap your smartphone to the payment terminal and — like magic — your credit card is charged for your purchase. It really couldn’t be easier.
However, digital payments are a little more complicated than that. Paying for purchases with your smartphone can be convenient, sure, but the technology causes frustrations of its own. So if you don’t know whether you want to tie your credit card to your smartphone just yet, check out these pros and cons of mobile payments, and learn what’s required for them to work.