Will Google Wallet replace the standard wallet? Many think such electronic wallet services are the wave today.
Set up an account
At the Google Wallet site, you can effortlessly set up an 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 look for the digital wallet payment in stores where you can then pay through the app.
Account numbers in your 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.
You can keep thieves from stealing your account info by using a virtual number rather than a real one. On top of that, the info for the card is stored with the number rather than with your mobile phone. Google Wallet can then deactivate on the phone and wipe all info from the application if you report your phone stolen.
Wallet of charge cards unnecessary
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 home without it. Google Wallet makes it simple to leave without having to make sure that you are 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.
Set up an account
At the Google Wallet site, you can effortlessly set up an 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 look for the digital wallet payment in stores where you can then pay through the app.
Account numbers in your 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.
You can keep thieves from stealing your account info by using a virtual number rather than a real one. On top of that, the info for the card is stored with the number rather than with your mobile phone. Google Wallet can then deactivate on the phone and wipe all info from the application if you report your phone stolen.
Wallet of charge cards unnecessary
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 home without it. Google Wallet makes it simple to leave without having to make sure that you are 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.
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