{"id":3755,"date":"2011-08-03T08:50:39","date_gmt":"2011-08-03T08:50:39","guid":{"rendered":"http:\/\/beta.sellcell.com\/blog\/?p=1591"},"modified":"2019-04-12T11:08:01","modified_gmt":"2019-04-12T11:08:01","slug":"hidden-costs-of-cell-phone-wallets","status":"publish","type":"post","link":"https:\/\/www.sellcell.com\/blog\/hidden-costs-of-cell-phone-wallets\/","title":{"rendered":"Hidden Costs of Cell Phone Wallets"},"content":{"rendered":"<p><a href=\"https:\/\/www.sellcell.com\/blog\/wp-content\/uploads\/2011\/03\/creditcard-and-lock.gif\"><noscript><img decoding=\"async\" class=\"alignleft size-full wp-image-719\" title=\"creditcard-and-lock\" src=\"https:\/\/www.sellcell.com\/blog\/wp-content\/uploads\/2011\/03\/creditcard-and-lock.gif\" alt width=\"180\" height=\"120\"><\/noscript><img decoding=\"async\" class=\"alignleft size-full wp-image-719 lazyload\" title=\"creditcard-and-lock\" src=\"data:image\/svg+xml,%3Csvg%20xmlns%3D%22http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%22%20viewBox%3D%220%200%20180%20120%22%3E%3C%2Fsvg%3E\" alt width=\"180\" height=\"120\" data-src=\"https:\/\/www.sellcell.com\/blog\/wp-content\/uploads\/2011\/03\/creditcard-and-lock.gif\"><\/a>The idea that the cell phone will be replacing the wallet for the great majority of consumers has been big news in recent months, with businesses racing against one another in order to be the first to bring out payment systems that will enable customers to carry out transactions with their cell phones and eliminate the need to carry either cash or credit cards on their persons.&nbsp; However, experts are warning that the new trend could carry with it some serious drawbacks for the unwary.<\/p>\n<p>Consumer Reports says that of all the information that is emerging about the various cell phone wallets and digital services that are available or in development, one of the least mentioned is just how much these services are going to end up actually costing the average consumer.&nbsp; Perhaps even worse is that very little is known so far as to how much \u2013 if any \u2013 protection consumers will be given against charges made that are either accidental or possibly even fraudulent.<\/p>\n<p>Already, no less than one in four customers in the United States are reporting some kind of billing error over the course of the last 12 months.&nbsp; \u201cA consumer\u2019s right to get their money back when something goes wrong \u2013 errors, goods not delivered as promised, fraud \u2013 varies by the payment option used,\u201d Consumer Reports said in a statement.&nbsp; \u201cThere is a large disparity in protection for services that link to prepaid debit cards and direct billing to consumers\u2019 phone bill.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The idea that the used cell phone will be replacing the wallet for the great majority of consumers has been big news in recent months, with businesses racing against one another in order to be the first to bring out payment systems that will enable customers to carry out transactions with their cell phones and eliminate the need to carry either cash or credit cards on their persons. <\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1821],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hidden Costs of Cell Phone Wallets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sellcell.com\/blog\/hidden-costs-of-cell-phone-wallets\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" 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