Are you tired of carrying around a wallet stuffed with credit, debit, and loyalty cards? Then, employ mobile payments and a digital wallet. Google Pay, Samsung Pay, and Apple Pay are three of the best solutions today, while there are an increasing number of options. They are comparable services, yet each offers distinctive characteristics. All three allow you to make online and in-store purchases (where available).
Examine how each alternative performs in terms of functionality, usability, and availability to determine which is best for your needs.
Apple Pay by itself is a contactless mobile payment method. When paired with Apple Wallet and Apple Cash, it matches the feature set of Google Pay and Samsung Pay digital wallets. To minimize misunderstanding, we will refer to Apple Pay as a digital wallet.
Availability is a crucial aspect of the adoption of digital payments. Despite the increasing use of mobile payments, they are not yet accepted everywhere. In addition, many countries currently lack the necessary technology to enable them, and certain functions may only be available in certain countries and areas (such as individual retailers).
Google Pay supports contactless payments, loyalty cards, tickets, gift cards, and boarding passes in 42 countries. Nonetheless, the digital wallet is available in 75 countries if you are purchasing online or through an app. There is one significant constraint, though. Google Pay for iOS is only available in the United States and India for in-app and online purchases. The Google Pay iOS application does not enable in-store contactless payments.
Google Pay also allows you to send money to family and friends. This function is currently only available in the United States, India, and Singapore.
While Google Pay is compatible with some public transportation systems, it is only approved in nine countries.
Forty countries support Google Pay with Wear OS, which is a significant advantage. This can make carrying your wallet even more convenient, as it can fit on your wrist.
Samsung Pay is not as popular as Google Pay or Apple Pay because it is only accessible on Samsung devices and in a smaller number of countries. It is only available in Australia, Belarus, Brazil, Canada, China, France, Germany, Hong Kong, India, Indonesia, Italy, Kazakhstan, Kuwait, Malaysia, Mexico, Puerto Rico, Russia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Taiwan, Thailand, United Arab Emirates, United Kingdom, United States, and Vietnam at the time of publication.
You can also send money to family and friends in the United States. You and the recipient must both enroll in a Samsung Pay Cash debit card.
In supported countries, Samsung Pay is also accepted at various transit systems worldwide.
Samsung Pay can be used on both phones and watches, although not all Samsung devices are compatible. Additionally, several devices lack MST (magnetic secure transfer) compatibility. Check out the whole list in the Samsung Pay compatibility section.
The Apple Pay system
Apple Pay is accessible in 70 nations. This includes both in-store and online contactless payment methods. In addition, about 85 percent of retailers in the United States accept it at the time of writing. It is compatible with any transit systems that accept mobile payments worldwide.
When paying friends and relatives, Apple Pay is only available in the United States. You must use Apple Cash, but sending money through the Messages app is simple.
In most circumstances, digital wallets are secure and are frequently considered safer than traditional wallets. This increased level of protection also requires that you secure your phone and do not lose it. Both phishing scams and malware can infect any digital wallet software, just as they do any other app.
Digital wallets also use tokens instead of transferring your credit card information and PIN with each purchase, so merchants never obtain or keep your actual card number, offering an additional layer of security.
In addition to your phone’s verification mechanism, a high-quality digital wallet offers additional safe authentication alternatives to protect your wallet.
Google Pay, Samsung Pay, and Apple Pay all take security seriously in this category:
- Google Pay – PIN, fingerprint, and pattern
- Samsung Pay accepts PIN, fingerprint, and iris scans.
- Apple Pay – FaceID and fingerprint authentication
Ability and Adaptability
In most cases, wherever NFC (near field communication) payments are permitted, Google Pay, Apple Pay, and Samsung Pay are also accepted. This is the same technology used by many credit cards with the tap-and-pay function. To pay, simply place your phone near the NFC icon (which resembles an upside-down Wi-Fi symbol).
As you likely already know, not all retailers and locations support NFC payments. Google Pay and Apple Pay cannot be used in these locations unless you are using a retail app that accepts digital wallets.
Samsung Pay is unique in that it provides greater payment flexibility and interoperability. Samsung Pay is compatible with payment terminals that only take slide payments, in which you slide your card’s magnetic strip into the machine. Samsung presently employs MST technology, which imitates the magnetic strip on a credit card; to pay, simply hold your device in front of the terminal.
There is one issue with that, however. Samsung no longer incorporates MST technology into their new devices. This is because an increasing number of retailers prefer NFC payment terminals. If you purchase a new Samsung phone, it may only support NFC transactions.
Banks and Card Variants
Google Pay, Apple Pay, and Samsung Pay all allow users to add credit, debit, loyalty, and immunization cards. Note that Samsung Pay needs you to add the immunization card using Samsung Pay.
Google Pay is compatible with the majority of consumer credit and debit cards. However, the majority of prepaid debit cards and business credit cards are not supported. For instance, all Capital One cards except U.S. Partnership Credit, Corporate Credit, and non-U.S. Credit is interoperable.
Google Pay is compatible with a variety of banks. Check out the complete list of suitable cards and banks by picking your nation in this list of supported payment methods before deciding whether or not to use it. PayPal is also compatible with Google Pay.
Samsung Pay functions similarly to Google Pay and is compatible with the majority of major credit card issuers, banks, and PayPal. Some card types, such as corporate credit cards and certain prepaid and ATM cards, are incompatible. However, Samsung provides a more simpler interface for determining device compatibility.
Simply look up your bank or card issuer on Samsung’s Suitable Cards website to determine which cards are compatible. You may also view compatible gift card kinds and in-app partners.
The Apple Pay system
Apple Pay has partnered with the majority of major banks and card issuers to provide the highest level of compatibility. Obviously, not all card types are supported. Apple Pay does not mention these cards as Samsung Pay does; instead, it advises you to contact your bank or card issuer to determine whether Apple Pay is supported.
Before selecting Apple Pay as your digital wallet, however, you may quickly peruse the list of participating banks. To add cards, you must open the Wallet app on your mobile device.
The good news is that any rewards associated with your credit or debit cards are also applicable to your digital wallet. The greatest digital wallet, however, goes a step further by providing its own benefits.
The Google Pay rewards program provides additional benefits and cashback at participating online and physical shops. It functions similarly to loyalty cards in that you receive a discount for purchasing a specific item, a certain quantity of items, or completing transactions within a specified promotional time.
Another advantage is the ability to track all transactions in one location. You can also scan paper receipts. This is perfect for managing a budget or simply gaining a better understanding of your spending patterns.
Samsung Pay offers a Cash Back scheme of its own. New offers are added frequently. When you activate an offer and make a purchase at a participating merchant, you will receive cashback incentives as a fixed amount or a percentage of your transaction. Certain food delivery services, for instance, give up to five percent cashback.
You can also apply for the SoFi Mastercard via Samsung. It is a debit card that functions similarly to a savings account. It offers excellent interest rates to help you increase your money, as well as credit-building and spending-limit assistance. There are no account fees, even those at ATMs.
Obviously, all of your transactions are accessible via the SoFi card administration page and the Samsung Pay app.
In addition, the Samsung Pay application functions as a digital key for the Hyundai Genesis GV60.2 EV.
The Apple Pay system
Apple Pay offers cashback exclusively via the Apple Card, a Mastercard credit card. You can receive a percentage of cashback on every purchase. This sum is then deposited into your Apple Cash account for instant usage. To obtain the card, though, you must first apply and be authorized.
Add family members to your account, establish spending limitations, and monitor your past transactions. Using the Apple Pay app, you can also track spending habits on any of your wallet’s cards.
Frequent Requested Information
- How do I determine if a merchant accepts my mobile payments application?
The majority of merchants who accept tap and pay cards also accept mobile payment methods and typically mention these alongside the credit card kinds they take. Consider bringing a single credit card if you’re unsure, just in case a merchant doesn’t accept your payment app.
- What happens to my digital wallet if my mobile device is lost or stolen?
In this circumstance, digital wallets are safer than conventional wallets. Obviously, it is still possible for a criminal to access your smartphone, particularly if it is unlocked. Utilize biometric authentication on your device and digital wallet for maximum security.
You should also contact your bank and credit card provider(s) promptly to freeze your accounts and cancel your cards if a thief can gain access to your information. The good news is that the time required to hack your cellphone is sufficient for you to make those calls before unauthorized sales begin.
- Is there any advantage to utilizing two digital wallets?
Not at all Using two digital wallets will only complicate matters. Based on availability, Apple Pay is best utilized on an iOS smartphone. Except for Samsung devices, Google Pay is the most extensively used Android digital wallet.
- Do I need to re-enter all my cards and information into my digital wallet if I acquire a new device?
When you log in to your digital wallet app on a new device, your data should transfer. It is however likely that you will need to re-add your cards.
- What should I do with my physical cards after adding them to the digital wallet?
Securely store them at home. If you are unsure whether a new retailer allows digital payments, select a single credit card to carry with you. It is safer to use a credit card, as most credit cards give protection against illegal purchases, as opposed to debit cards, which immediately withdraw funds from your account.
Any other additional digital wallets?
Yes. Apple, Google, and Samsung are not the only industry competitors. Zelle and Venmo are two additional popular solutions. Also accessible is a selection of Android wallets.