Near-field communication (NFC) technology allows the consumer to wave their mobile phone at a point-of-sale terminal to buy through the use of a "digital wallet." One of the fast-growing cases of the digital wallet is the appropriately known as Google Wallet, but it pays to know a little bit about how it really works before you jump in to the cashless (and cardless) retail revolution.
Start with a mobile phone
You can easily use Google Wallet to pay at stores where the digital wallet payments is present by linking your credit and debit cards to a Google Wallet account and downloading the application to your cell phone. You just have to go to the Google Wallet site and set up your account.
Cell phone buys
A virtual MasterCard account number is given to everyone who utilizes Google Wallet, and usually that is the number that is charged. Sometimes, when used offline, the preferred card is charged later instead, but typically the master number is used. You can connection any card you want to your account from any card producer. Whenever you make an online purchase, you choose the preferred card you want right then and there.
The benefits of using a virtual account number are obvious. Chief among them is preventing thieves from capturing your actual account data. As the information on connected cards is stored online rather than within the smartphone, if the phone is lost or stolen, it's simple to deactivate Google Wallet and wipe the application remotely.
Will you ever leave home without your Google Wallet?
Instead of carrying around a massive wallet full of all kinds of credit and debit cards, you can use Google Wallet. Many people can leave the wallet at home and just take a phone with them in the future. Soon, your driver's license and other things will be digitized too, most likely, making it much easier very soon to avoid a wallet altogether.
Start with a mobile phone
You can easily use Google Wallet to pay at stores where the digital wallet payments is present by linking your credit and debit cards to a Google Wallet account and downloading the application to your cell phone. You just have to go to the Google Wallet site and set up your account.
Cell phone buys
A virtual MasterCard account number is given to everyone who utilizes Google Wallet, and usually that is the number that is charged. Sometimes, when used offline, the preferred card is charged later instead, but typically the master number is used. You can connection any card you want to your account from any card producer. Whenever you make an online purchase, you choose the preferred card you want right then and there.
The benefits of using a virtual account number are obvious. Chief among them is preventing thieves from capturing your actual account data. As the information on connected cards is stored online rather than within the smartphone, if the phone is lost or stolen, it's simple to deactivate Google Wallet and wipe the application remotely.
Will you ever leave home without your Google Wallet?
Instead of carrying around a massive wallet full of all kinds of credit and debit cards, you can use Google Wallet. Many people can leave the wallet at home and just take a phone with them in the future. Soon, your driver's license and other things will be digitized too, most likely, making it much easier very soon to avoid a wallet altogether.
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