Near-field communication (NFC) technology enables a consumer to wave their cell phone at a point-of-sale terminal to make a purchase through the use of a "digital wallet." One of the fast-growing instances of the digital wallet is the appropriately known as Google Wallet, but it pays to know a little bit about how it works before you dive in to the cashless (and cardless) retail trend.
Set up an account
To begin, go to the Google Wallet site to set up an account. Then, download the Google Wallet app to your compatible cell phone. Link your credit and debit cards to the account, and designate a preferred card. Then you can use Google Wallet to pay at stores where hardware that can accept digital wallet payments is present.
Assigning account number
Whenever you use Google Wallet, an account number is given to you. Then, that account number is used to draw funds from whatever card you have the account linked to. There are some instances where the preferred card is charged later, but generally the virtual card is charged. The preferred card is always chosen when making an online payment.
All account information is stored with the master number instead of on the phone. Then, if your phone gets stolen, you can have anything wiped remotely and have Google Wallet deactivated. This keeps all your personal info from getting stolen by thieves.
Wallet of credit cards unnecessary
Though you still need your wallet for things such as driver's licenses, you might be able to avoid all credit and debit cards on your person. Instead of 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 pay for things. It will not be long before your driver's license is digitized and you will not need other things anymore anyway.
Set up an account
To begin, go to the Google Wallet site to set up an account. Then, download the Google Wallet app to your compatible cell phone. Link your credit and debit cards to the account, and designate a preferred card. Then you can use Google Wallet to pay at stores where hardware that can accept digital wallet payments is present.
Assigning account number
Whenever you use Google Wallet, an account number is given to you. Then, that account number is used to draw funds from whatever card you have the account linked to. There are some instances where the preferred card is charged later, but generally the virtual card is charged. The preferred card is always chosen when making an online payment.
All account information is stored with the master number instead of on the phone. Then, if your phone gets stolen, you can have anything wiped remotely and have Google Wallet deactivated. This keeps all your personal info from getting stolen by thieves.
Wallet of credit cards unnecessary
Though you still need your wallet for things such as driver's licenses, you might be able to avoid all credit and debit cards on your person. Instead of 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 pay for things. It will not be long before your driver's license is digitized and you will not need other things anymore anyway.
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