Near-field communication (NFC) technology permits a consumer to wave their mobile phone at a point-of-sale terminal to buy via the use of a "digital wallet." One of the fast-growing instances of the digital wallet is the properly called 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.
Google Wallet - A setup primer
You can effortlessly 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 app to your smartphone. You just have to go to the Google Wallet site and set up your account.
Purchase with your cell phone
A virtual MasterCard account number is given to anybody who utilizes Google Wallet, and usually that is the number that is charged. Occasionally, when used offline, the preferred card is charged later instead, but typically the master number is used. You can link any card you want to your account from any card producer. When you make an online purchase, you choose the preferred card you want right then and there.
All account info is stored with the master number instead of on the phone. Then, if your phone gets stolen, you can have everything wiped remotely and have Google Wallet deactivated. This keeps all your personal data from getting stolen by thieves.
Leaving without your credit card
Though you still need your wallet for things such as driver's licenses, you might be able to stay away from all credit and debit cards on your person. Rather than carrying around cash and cards, you can just take your phone with you. Use Google Wallet instead of carrying around a chunk of plastic to cover things. It will not be long before your driver's license is digitized and also you will not need anything else anymore anyway.
Google Wallet - A setup primer
You can effortlessly 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 app to your smartphone. You just have to go to the Google Wallet site and set up your account.
Purchase with your cell phone
A virtual MasterCard account number is given to anybody who utilizes Google Wallet, and usually that is the number that is charged. Occasionally, when used offline, the preferred card is charged later instead, but typically the master number is used. You can link any card you want to your account from any card producer. When you make an online purchase, you choose the preferred card you want right then and there.
All account info is stored with the master number instead of on the phone. Then, if your phone gets stolen, you can have everything wiped remotely and have Google Wallet deactivated. This keeps all your personal data from getting stolen by thieves.
Leaving without your credit card
Though you still need your wallet for things such as driver's licenses, you might be able to stay away from all credit and debit cards on your person. Rather than carrying around cash and cards, you can just take your phone with you. Use Google Wallet instead of carrying around a chunk of plastic to cover things. It will not be long before your driver's license is digitized and also you will not need anything else anymore anyway.
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