Now that Google Wallet is here, is a normal wallet even necessary? Pay without cash or credit card in hand, safely and securely.
Get started
At the Google Wallet website, you can easily set up a free account linking your credit and debit cards to the account. You even get to pick a preferred card with it. Then, you just have to download the application to your mobile phone and search for the digital wallet payment in stores where you can then pay through the application.
Purchase with your cell phone
Google Wallet works by assigning the consumer a virtual MasterCard account number. The account number is used to draw funds from your credit or debit card of choice, be it Visa, MasterCard, American Express or Discover. When used offline, the virtual MasterCard number is the one used by the merchant except in rare cases involving Citi MasterCard, then the preferred card is charged later. Online purchases charge the preferred card directly.
The benefits of using a virtual account number are obvious. Chief among them is preventing thieves from capturing your actual account information. As the information on linked cards is stored online rather than within the cell phone, if the phone is lost or stolen, it's easy to deactivate Google Wallet and wipe the application remotely.
Wallet of charge cards not needed
With any service that aspires to take the place of conventional cash-in-hand payments, there will be the question of whether you can leave the house without it. Google Wallet makes it easy to leave without having to make sure that you're carrying all of your credit cards, and that's a big part of the current trend toward a cashless society. But you'll still need your wallet for things like you driver's license, or at least until they find a way to digitize that. And not all merchants are on board with services like Google Wallet, although it's only a matter of time.
Get started
At the Google Wallet website, you can easily set up a free account linking your credit and debit cards to the account. You even get to pick a preferred card with it. Then, you just have to download the application to your mobile phone and search for the digital wallet payment in stores where you can then pay through the application.
Purchase with your cell phone
Google Wallet works by assigning the consumer a virtual MasterCard account number. The account number is used to draw funds from your credit or debit card of choice, be it Visa, MasterCard, American Express or Discover. When used offline, the virtual MasterCard number is the one used by the merchant except in rare cases involving Citi MasterCard, then the preferred card is charged later. Online purchases charge the preferred card directly.
The benefits of using a virtual account number are obvious. Chief among them is preventing thieves from capturing your actual account information. As the information on linked cards is stored online rather than within the cell phone, if the phone is lost or stolen, it's easy to deactivate Google Wallet and wipe the application remotely.
Wallet of charge cards not needed
With any service that aspires to take the place of conventional cash-in-hand payments, there will be the question of whether you can leave the house without it. Google Wallet makes it easy to leave without having to make sure that you're carrying all of your credit cards, and that's a big part of the current trend toward a cashless society. But you'll still need your wallet for things like you driver's license, or at least until they find a way to digitize that. And not all merchants are on board with services like Google Wallet, although it's only a matter of time.
No comments:
Post a Comment