A2 RW Ch1 L4 · Chapter Review & Making a Budget 📊💰
Number of users of mobile payment apps
Connectors + meaning from context
Two things to fix 🕵️
2 · Write down all of your expenses for the month.
3 · Don't spend more than your budget says.
Apartment −$550 · Phone −$75
Car / Bus / Train −$150
Food / Restaurants −$375
Clothes −$50 · Fun −$225
Savings −$75
Total $1,500
1Thanks to the availability of smartphones, more people are beginning to use mobile payment apps around the world. These apps make it easy to transfer money between friends and purchase goods and services. PayPal®, Google Pay®, and Apple Pay® are popular mobile apps in some countries. All three apps are easy to use, but they each have some distinct or special features.
2PayPal is compatible with *Android™, iPhone®, and the Internet. You can use it with all of these devices. This app uses your debit, credit, or bank accounts to transfer money. You can use PayPal to shop online or to send money to friends. One of its greatest advantages is its large transfer limit—you can send or receive up to $10,000 in one transaction. PayPal’s biggest disadvantage is its expensive transaction fee of 2.9 percent when using debit and credit cards. Bank transfers are free.
3Google Pay is compatible with the same devices as PayPal. It also has a large transaction limit of $9,999. However, it has no fees for debit cards or bank transfers. Google Pay’s biggest advantage is that it is integrated with other Google services. For example, you can ask for money by pressing the dollar sign in the Gmail tool bar.
4Apple Pay is only compatible with iPhone, so you can only transfer money to other iPhone users. However, it is easy to send money using the Messages app, which is already integrated into most iPhones. The fees are similar to Google Pay, but it is not possible to make bank transfers. In addition, the transaction limit is only $3,000.
5Everyone has different preferences when choosing a mobile payment app. The app you choose will likely depend on the features that are important to you.
1Thanks to the availability of smartphones, more people are beginning to use mobile payment apps around the world. These apps make it easy to transfer money between friends and purchase goods and services. PayPal®, Google Pay®, and Apple Pay® are popular mobile apps in some countries. All three apps are easy to use, but they each have some distinct or special features.
2PayPal is compatible with *Android™, iPhone®, and the Internet. You can use it with all of these devices. This app uses your debit, credit, or bank accounts to transfer money. You can use PayPal to shop online or to send money to friends. One of its greatest advantages is its large transfer limit—you can send or receive up to $10,000 in one transaction. PayPal’s biggest disadvantage is its expensive transaction fee of 2.9 percent when using debit and credit cards. Bank transfers are free.
3Google Pay is compatible with the same devices as PayPal. It also has a large transaction limit of $9,999. However, it has no fees for debit cards or bank transfers. Google Pay’s biggest advantage is that it is integrated with other Google services. For example, you can ask for money by pressing the dollar sign in the Gmail tool bar.
4Apple Pay is only compatible with iPhone, so you can only transfer money to other iPhone users. However, it is easy to send money using the Messages app, which is already integrated into most iPhones. The fees are similar to Google Pay, but it is not possible to make bank transfers. In addition, the transaction limit is only $3,000.
5Everyone has different preferences when choosing a mobile payment app. The app you choose will likely depend on the features that are important to you.