Don’t want to go on being an owner of a wallet that is so big stuffed with credit, debit, and loyalty cards?Next shift to NFC mobile payments. Switch your payments to a digital wallet as well. With an increasing number of fund flow providers here, the prominent providers are mainly the Google Pay, Samsung Pay and Apple Pay. They are alike, with each of them allow users to purchase items both online and in stores, but they can’t be interchanged because each of them features a different aspect of its design.
There are also a lot of Google Pay features and they will be shifted to Google Wallet by June 2024.
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Availability
Easy access to digital payments is one of the primary reasons why their use is catching on. Although NFC mobile payments gain more appreciation, not everywhere such a trend implemented. Additionally, only the countries that are in the advanced technology capacity with the specific retailers will benefit from them at this particular time.
Google Pay
Google Pay addresses contactless payments such as loyalty cards, tickets, gift cards, boarding passes and online payments. It is currently supporting more than 80 countries around the world. Limit one specifically is. Confined to the U. S. and India purchases, Google Pay for iOS is accepted only on the web and in apps. Contactless payments aren’t supported.
Google Pay makes sending money to friends and family members easier. This moment in time, it achievable in just U. S. , India and Singapore.
A good practice is to firstly verify the availability of Google Pay enabled transit fares from the transit authority.
One big achievement is in the matter of fact that more than 80 countries are given the opportunity to use Google pay Wear OS allowed. This becomes especially handier as your wallet does not need to go with you outside, but stays on your wrist.
Samsung Pay
Unlike Google Pay and Apple pay, the use of the Samsung pay instead is limited (only on Samsung devices like Samsung watches and phones) and is available in few countries supporting the system. However, at the moment of writing it is observed that this currency only covers 32 countries.
Apart from paying your bills and making purchases on the web, you can also transfer money to your friends and family in the country for this to happen, both of you will need to open an account using the Samsung Pay Cash debit card. Along with that, the Samsung Pay is prolonged in the transit systems in worldwide in most the countries, which they are supported.
Apple Pay
Apple Pay can be used for financial purposes in over 80 countries globally. This involves not only a contactless in-store conversions but now a web paymets as well. It’s not only acceptable at 85% of American retailers at the time of writing it, but also it’s very common to see people use their cards or phones for payments when they are in a store. It is cross-compatible with all the payment systems globally which are available in the mobile payment mode.
As it concerns sending cash to friends and family from the USA, Apple Pay is not available. One option is to make use of a somewhat different case of Apple Cash. Sending money will become easier again by means of messages.
Security
In a majority of the cases, NFC mobile payments as well as digital wallets are usually viewed as safe and are more often treated as secure as conventional wallets. So the level of security in this is actually a two-layered one. It matters whether you lock your phone and it matters that your phone doesn’t get lost. As well as that, fraud and malware pose a threat so it is necessary to ignore phishing scans and not to compromise your digital wallet app like any other apps of this kind will be compromised.
Digital wallets additionally make use of special tokens besides transmitting your credit card number and pin which the merchants never come in contact with. This goes beyond the thought of protecting the card number and solves the safety concerns.
A solid digital wallet does not merely replicate your mobile phone security system. Instead, it also offers secure authentication features that complement your mobile phone’s method of verification.
Google Pay uses Passcode, PIN, Fingerprint & pattern as security.
Samsung Pay has Pin, Fingerprint & iris
Apple Pay uses Face ID & fingerprint
Reach and Flexibility
In its broadest meaning, NFC (near-field communication) payments are maybe possible on anywhere accept, you can also use Google Pay, Apple Pay and Samsung Pay. It is the same technique which has not only increased the speed of many credit card activities but also reduced the need of carrying cards. Alternatively, all you need is your phone with NFC symbol (Wi-Fi with the symbols lying horizontally) held near it to pay.
Thus, it can happen that some retailers have not installed NFC payment systems or shops don’t. It will be impossible to pay for anything with mobile app that will take bank card, debit or credit, if your only option is paying with store app.
Types of Cards and Banks
For all three of them it is possible to add credits, debts, loyalty cards and vaccination cards. Compare that you should have the Samsung Pay application in order to add the vaccination card to your digital wallet.
Google Pay
Although Google Pay mostly works with consumers’ credit and debit cards, we have also extended the service to a few mobile payment platforms. Hence, major prepaid debit cards and company credit cards remain unsupported. For instance, card holders of all Capital One cards can use them although Corporate, U. S. Partnership and some other credit cards.
Google pay is another influencing factor because this process could also load numerous banks. Place first a review on this product to see is it meets your needs. One way to do it will be consulting the full list of compatible cards and banks by clicking your country in this supported payment method list. Google Pay may be paired with PayPal conveniently.
Samsung Pay
Samsung Pay is similar to Google Pay and is accepted widely as most banks and card issuers that issue credit cards. Also, PayPal is accepted. While some credit card options would work fine, others are not compatible, including business cards or certain prepaid and ATM assembly cards. The search page was removed from Samsung that used to help to check the compatibility a while ago.
Apple Pay
Apple Pay is involved with the main banks through which payments can be made effectively with all the major card issuers. On the contrary, cards of some particular types are unrecognized. Apple doesn’t show your cards on Apple Pay the way Samsung does it, but if you contact your card issuer or bank, they will tell you if Apple Pay works with your cards.
Nevertheless, checking for the list of participating banks is effortless compared to other applications you may feel like taking instead. Take into account that the procedure of adding cards is carried out from your phone in the Wallet app.
Perks
The positive aspect is that the perks that you still get with your credit or debit card will still remain whether it is for a physical or digital wallet. Digital wallets are not difficult to operate, buffer is its selling point, however in the best case scenario digital wallets also offer free services.
Google Pay
Online and in-store, retailers participating in the Google Pay Rewards program can offer shoppers a variety of additional perks and proceeds. It uses the same concept as the loyalty card, which provides a certain discount for using a designated item, buying a particular number of items, or during a particular promotional period.
Samsung Pay
Samsung Pay has a Cash Back program. New offers are added daily gradually. When you engage an offer and shop at one of the participating retailers, you’ll get rewarded with a specified cash amount or designated percentage of your purchase amount. To illustrate, companies like DoorDash and Grubhub may rebate from 5% of the cost of your order when you pay with a participating card.
In addition, Samsung offers a choice of combining a checking account with their SoFi Mastercard. Here, it is a debit card that is like a savings account (which we will call “Piggy Bank” for short)This gives you advantages of competitive interest rates, so you can save your funds and hence you can save, build credit and for setting up spending limits. There are no fees for account, even the conversion at ATMs.
On the other hand, your transaction history is saved within the Samsung Pay app and, also, through the SoFi card management page in the app.
One final perk: Samsung Pay app works like a digital keys with the Hyundai Genesis GV60. 2 EV.
If you are using Samsung Wallet app, save, and manage passwords as well.
Apple Pay
Apple Pay adds cash back only using the Mastercard credit card from the Apple Card. You can make money back as a percentage of every purcase you make, though. These funds appear in the Apple Cash account which normally functions like cash. There is the application process and approval procedure that you have to go through before getting the card.
Include family members in your account, create spending limits, and watch the transaction history. Of course, you can also keep track of your spending habits on your cards through the ‘Apple Pay’ app.
Things You Should Do Before Going Digital
- Not all stores that you may go to will be able to accept mobile payments. Alternately, when traveling or shopping somewhere you are not used to, having a physical credit card just in case is not a bad idea.
- Biometric keys is the most secure option or, at least, use two-factor authentication to access your wallet. Therefore you no longer have to worry that if your phone is stolen, your data may also be stolen and accessed by a stranger.
- In case you have lost your device, freezing your credit/debit cards instantly to be on the safe side is recommended.
- When you go to a different phone, your data usually appears there, but some cards may force you to put them in again.
- One should, however, only use single digital wallet to make it easy to handle.
- Virtual credit cards cannot be applied to all digital wallets.
