Thursday, 31 October 2013

Google Wallet Guide

Google Wallet is a mobile payment system developed by Google that allows its users to store debit cards, credit cards, loyalty cards, and gift cards among other things, as well as redeem sales promotions on their mobile phone using an application. In short, Google Wallet ditches the plastic cards in your wallet.

What can Google Wallet do?

The services offered by Google Wallet are:
  • Payments in stores
  • Storage of credit and debit cards, loyalty programs, offers, etc.
  • Money Transfers to persons with E-Mail addresses
  • Carrying out loyalty programs without any plastic cards
  • 24/7 fraud monitoring, and Google Wallet Purchase Protection
Why Google Wallet ?

Google Wallet is the best way to make payments and transfer money because it's fast, safe and secure. Google Wallet supports all major credit and debit cards and also it's available for both Android and iPhone.

If your phone is lost or stolen, you can also log onto your Google Wallet account online and disable the app so that no one can use your phone to make purchases.

How to get Google Wallet?

Just Download this Application for Android or iOS and Create an account.

How do Google Wallet Works?

The Payments can be made using Tap and Pay functionality. This requires an additional feature in your phone called Near Field Communication (NFC) and the store must have a  PayPass enabled terminal at checkout.

NFC is a set of short-range wireless technologies, typically requiring a distance of 10 cm or less. NFC always involves an initiator and a target; the initiator actively generates a Radio Frequency field that can power a passive target. This enables NFC targets to take very simple form factors such as tags, stickers, key fobs, or cards that do not require batteries.

MasterCard PayPass is an Europay, MasterCard and Visa compatible, "contactless" payment feature that provides cardholders with a simpler way to pay by tapping a payment card or other payment device, such as a phone or key fob, on a point-of-sale terminal reader rather than swiping or inserting a card.

The Application in the mobile phone acts as an initiator for NFC and PayPass terminal acts as a target. When you want to make a payment using Google wallet you just have to tap the phone on the PayPass terminal. The Payment will be made using the funds in the Google Wallet account.

The Money can be sent to any person with an email address just like sending an email. This service doesn't require NFC.

Who can use Google Wallet?

Currently, Google Wallet is available only in US.  US resident who is 18 years old, has an email address and owns a phone bought in the US can use the Google Wallet Service to send money or make transactions.

Which devices support Google Wallet?

The Google Wallet app is available to US users on devices that meet the following system requirements:
  • Android 2.3 (Gingerbread) or higher.
  • iOS 6 or higher.
 These devices can only send money but cannot make payments using Tap and pay functionality.

Tap and pay functionality is available in the US, and requires one of the following NFC-enabled Android devices running 2.3 (Gingerbread) or higher, with a Secure Element chip, on select carrier networks:

  • HTC One on Sprint
  • HTC One SV on Boost Mobile
  • HTC EVO 4G LTE on Sprint
  • LG Viper 4G LTE on Sprint
  • LG Viper 4G LTE on Zact Mobile
  • LG Optimus Elite on Sprint
  • LG Optimus Elite on Virgin Mobile
  • LG Optimus Elite on Zact Mobile
  • LG Nexus 4
  • Motorola Moto X on Sprint
  • Motorola Moto X on US Cellular
  • Samsung Galaxy Note II on Sprint
  • Samsung Galaxy Note II on US Cellular
  • Samsung Galaxy SIII on Sprint
  • Samsung Galaxy SIII on MetroPCS
  • Samsung Galaxy SIII on US Cellular
  • Samsung Galaxy SIII on Virgin Mobile
  • Samsung Galaxy SIII on Boost Mobile
  • Samsung Galaxy S4 on Sprint
  • Samsung Galaxy S4 on US Cellular
  • Samsung Galaxy S4 Google Play Edition
  • Samsung Nexus S 4G on Sprint
  • Samsung Galaxy Nexus on Sprint
  • Samsung Galaxy Nexus
  • Samsung Galaxy Victory 4G LTE on Sprint
  • Samsung Galaxy Victory 4G LTE on Virgin Mobile
  • Samsung Galaxy Axiom on US Cellular
  • ASUS Nexus 7 (2012)
  • ASUS Nexus 7 3G (2012)
  • Samsung Nexus 10
At this time, tap and pay functionality is not supported for devices purchased internationally. The eligible device list above only applies to devices purchased from the listed carriers next to them. For example, an unlocked Samsung Galaxy SIII purchased internationally will not work with Google Wallet tap and pay.

How to get Google Wallet on Unsupported devices and countries ?

There are tutorials available on the internet using which you can use Google wallet on Unsupported devices but none of the tutorials are 100% guaranteed. If you really want this on your unsupported devices you can try THIS or THIS tutorial on your risk.

Who are the Google Wallet competitors ?

  • MasterCard PayPass Wallet
  • Square Wallet
  • by Visa
  • LevelUp
  • ISIS
  • Lemon Wallet
This was the quick Guide for Google Wallet. Like RK World on Facebook to get more tech updates.

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