Will Google Wallet Replaces Your Wallet?

Now that Google Wallet is here, is a regular wallet even required? Pay without cash or credit card in hand, securely and safely.

Set up an account

You can very easily use Google Wallet to pay at stores where the digital wallet payments are present by linking your credit and debit cards to a Google Wallet account and downloading the application to your mobile phone. You just have to go to the Google Wallet site and set up your account.

Google Wallet – A virtual MasterCard

Google Wallet works by assigning the customer 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 data. As the info on connected cards is stored online rather than within the smartphone, if the phone is lost or stolen, it’s easy to deactivate Google Wallet and wipe the application remotely.

Taking Google Wallet everywhere

Though you still need your wallet for things such as driver’s licenses, you may be able to stay away from 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 anything else anymore anyway.

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