Why Clark Howard Shifted to a Google Pay Digital Wallet

[@jerry3579]

Easily the best, clearest, and most understandable explanation I've seen so far on KZbin. Thank you!!

[@musiccollector]

Very simple and professional. No wasted bandwidth. Thank you.

[@alfredmalveo663]

Wow !!!!!!!!! Thank you, I am 75. I'm not a dummy, In fact I know a lot about computers, electronics and I try to keep up with technology. I want to thank you for breaking this subject down to plain English ( with a clear and distinctive voice ) that even an old-timer like me to a 13 year old child can Distinctively comprehend.

[@davidadausuel4537]

I just wanted to say, that you (literally) took the words right out of my mouth, word for word!

[@txduggan]

I was slow on the uptake, too...have my CC's in iPhone Wallet and it's so convenient paying with my phone and/or Apple watch.

[@aliceliu27]

Why not try it in a high-yield digital wallet?

[@Redvstrom]

I have been using digital payments for a long time and have never had an issue.

[@aliceliu27]

I don't think you've heard of digital wallet mining. Compared with banks, it has some higher profits!

[@dennisdesmarais3778]

I like this guy. I watched his TV shows for years. Cool dude.

[@antrod8014]

How does it work at restaurants. Do you hand the phone over with the checkbook.

[@jayhamm586]

I was in a restaurant in Ghana and the waiters had a mobile POS that had an NFC chip in it, so when you ask for the check, they ask how you want to pay, and if you tell them you’re paying with your phone, they bring the check with the portable device. It was super convenient and I had no issues with Amex or Visa.

[@robertbutler8004]

Leaving the Card at home is a stupid idea I have had trouble sometimes with the Digital Wallet app and had to use my card to complete the transaction.

[@rollzolo]

Card is thinner and waterproof

[@289cobra9]

I've never had problems with Google wallet but I always have my cards with me. Not a good idea to leave them at home.

[@zeelog]

Two potential issues that affect digital wallets: 1) Back end digital payment servers/systems are down: Can affect you adversely if you don't have backup - but I always carry backup credit/debit cards securely on my person. 2) Scammers will pay using digital wallets and then once the transaction is completed, void the transaction. But this is true of other payment systems - but credit cards have a tracking system that can be contested.

[@ricdonato4328]

"...but credit cards have a tracking system that can be contested...." so do digital wallet transactions, you receive confirmation of the transaction on your device. Also, each month you can receive a monthly statement of your usage.

[@lj4001]

@@ricdonato4328 yep store n exact location, so even if you don’t have your location turned on, it’s an automatic trace. How? Your device is linked to your card n creates a unique Card number, so the transactions doesn’t need to know your full debit/Credit numbers bc your device acts as a middle-man keeping your info safe.

[@Lion-fj3wp]

Thanks for the info 🌍

[@Hail2th3k1n6]

Backup Cash💵💵 is also a good idea👍

[@filmaker256]

you forgot cash the most secure

[@Wanfanel]

In Philippines they still don't know Google Pay but is working in 90% terminals there

[@bobgowen8863]

What about autopay accounts (discount for autopay)? I have one that uses a bank account, & one that uses credit card?

[@ponder889]

You didn’t mention wether debit cards are secure on the digital wallet.

[@lj4001]

Can you add Transit Cards for buses n subways on a Samsung pay app, especially if you have a Galaxy S20 with Magnetic reader? Does Galaxy S20 FE support it?

[@markreeves8147]

I can see using digital wallet is a good first choice but not all payment devices accept them.

[@antonthomas3209]

You’re right !!! It should be the new future

[@lj4001]

Galaxy S10-s20 series support Magnetic readers so even if they don’t support contactless readers, these well work 100% of the time. 😎 N Amaze rude cashiers that insist it won’t! 🤪

[@mistahrobb963]

I remember when I had left my card at a friend's house (Ordering pizza while a night of drinking), the next day I get a call from the friend telling me I left my card out and they'd secure it for me. The bad news was that they had a trip planned and I wouldn't be able to get to them in time. So for almost a week I was using my digital wallet. Had no choice. It wasn't too hard to find places that excepted it. It was a breeze. Yea, I switched back only because I bought a new phone and never got a chance to redownload it, but I recommend it. Even as a back up.

[@SillyOmega]

@@lj4001 magnetic can be skimmed smart one.

[@danielbernard1729]

I have been going back and forth on whether or not to set up my digital wallet on my iPhone, so thanks for the info. Makes me feel a little better about it.

[@aliceliu27]

Nowadays, the use of digital wallets has become very popular. This brings us a lot of convenience, of course, it can also generate some benefits here. Worth having fun.

[@brianc9036]

It also limits your physical exposure. If you have ever lost your wallet or had it stolen you might know what I am talking about. Personally, my moment was after having my gym locker broken into and the CCs stolen with them leaving my phone and non-cash wallet contents. If they would have taken my license, health insurance card, etc it would have been even more of a nightmare. Can't save yourself from everything but now I carry zero plastic, my license sits locked in my glove box and some cash hidden in the vehicle for an emergency. Even the healthcare card, etc. I have been forced to get more tech savvy and just keep digital records of it. For transaction purchases you also get rid of your CC skimmer risks when go this route. Not that you aren't covered, but I don't want criminals to have an easy go of things.

[@Thrive7]

Hey Clark, could you do a video about Home Title Lock? I see a lot of ads for it. Is it help or hype? Thanks!

[@lyricalkeys7074]

Thanks for sharing this, Clark! I’m a long time listener of your radio show and am just now discovering your KZbin channel. I’ve never used digital wallet but will likely give Apple Pay a try by the end of the year.

[@aliceliu27]

There are many softwares for digital wallets. But not all wallets can generate revenue by mining. Personally, choose a wallet that can generate income, and you will be happy about it.

[@acdcnmot]

What happens if you lose your phone

[@SillyOmega]

You lock your phone remotely.

[@filmaker256]

use cash

[@larryreeves2548]

What if you lose your phone? What if I need cash from an ATM?

[@brianc9036]

Its basically the same situation in reverse if you lose your physical wallet. The big 3 banks in the US for the most part you can use Apple Pay to replace the physical card and get access. Each person has their own reasoning, for me it was getting my gym locker broken into and the CCs from my wallet stolen. For whatever reason they left my phone and the non-cash items. That day I decided I was going to try to get rid of my physical wallet because I knew with the security settings there was near zero chance they could brute force into my iphone. I keep my license and small amount of cash hidden in my car for an emergency.

[@carinasantilla6126]

very informative

[@JJ-rf7dg]

I'm not a fan of new chips in credit cards. If it's stolen/ lost, its easy tap and pay. That's why I'm converting to google pay. I'm slow to converting too.

[@SSpees]

I will wait until better security and phone companies dont lose their customer data.

[@maicon9]

Being hacked will always be inevitable. They can only make it harder but they will never be able to make it impossible. You'll be waiting for a long time

[@pegwhite1977]

I am interested in learning more. Question: What happens if your phone or watch is stolen? I don't see people entering a code or anything when using the digital wallet . Also, I use an RFID wallet to prevent people from 'grabbing' my accounts with other devices. Is the phone/watch protected from that sort of acct / ID theft?

[@Clark]

Hi! We have some information on the safety of digital wallets in our article: clark.com/credit-cards/clark-howard-digital-wallet-google-pay/ As for other safety measures, the settings on your phone are your friend. Setting a password, PIN, or biometric lock will add an extra layer of protection. If the device is lost or stolen, most of them allow you to wipe the device remotely without losing your info stored in the cloud through Google or Apple.

[@aliceliu27]

Protect your secret key, and your money will not be lost. Others can do some mining work, and they can use it every day with some benefits.

[@TracyAllenPreplanner]

Crazy thing is, here in California they pay $50 after being fully vaccinated. They pay it with a digital card… I added it to my wallet, and now I can’t find my money! Bad enough losing real money but now I’m losing money digitally as well 🤦🏽‍♀️ I hope I find it. Thanks for the info though👍

[@aliceliu27]

Which wallet are you using? As long as you protect your secret key, your funds will not be lost.

[@yohannestekle6580]

Thanks Clark, your message is very clear.

[@finnjacobs]

Rocking that OnePlus 7 Pro I see 😎

[@67micber]

Looks like a oneplus 8 pro and a samsung active 2 watch... just like me! I use keyring app for my infinity cards and google pay (not android pay since it was renamed about a year ago) for payments. It's faster than even a chip card insert.

[@Hail2th3k1n6]

I love Apple Pay, I use it as much as I can.

[@gligetimuse2968]

...it's all good until the phone's battery dies...better have a backup I think

[@snort455]

Good morning Clark

[@armando-ui9rd]

Hello! does digital wallet work with android phones?

[@katicus_prime]

isnt cryptocurrency this but with the coolness of a stylish Hublot watch

[@seanboyle951]

He has a 'contrasting' point of view on Venmo, &c. these days.

[@darylwilliams9371]

Yeah all good till the network goes down no thanks

[@nancyparker2199]

Sorry Clark, can't agree with you on this. I don't trust the security of digital wallets or apps. When your phone battery dies, you can't use the digital wallets. I keep my credit card and cash with me.

[@bionicwoman9884]

You are right you have to keep the card on you as backup. I do use both digital wallets and credit cards and cash.

[@aliceliu27]

So have you tried mining in digital wallet? Compared with putting money in the bank, digital wallet can get steady income every day.

[@Joker24126]

I understand your concern about security. But if you have to worry about your phone dying it seems you don't care to charge your phone. What is so difficult to charge up your phone before the battery runs out?

[@wosamosman9814]

@Bernard Majority of smartphones barely last a day, unfortunately, plus sometimes rural areas aren't as advanced as the city, so you might need to have cash or card with you in order to transact

[@lilisgmail1997]

The phone battery dying is certainly a valid concern. However, it is a device *dependability* issue, rather than a smartphone *security* one. We're better off not conflating these two...

[@charleswallin7474]

What I don't like about Samsung Pay is, I can't use my American Express. Another thing is I can't use at Academy or Sportsman's Warehouse.

[@Pure3nrg]

What about adding and using your Debit card?

[@AlanDeRossett]

more secure as you can limit your liability and zero is reported as negative credit issues. I even buy Prepaid visa debit for online transactions put $200 on it and that's your liability limit if lost or stolen no name no link to the bank.

[@joemann7971]

@@AlanDeRossett Unless you only use prepaid once in a while, using prepaid is a terrible idea, since many of them charge maintenance fees. You're better off just applying for checking account with an online bank. Several online banks offer free checking accounts with zero monthly fees, and most don't have overdraft protection, which limits how much can be taken out. You can easily link them to your main account. You can often even transfer money into them within minutes using Zelle. At worst, you may need to wait 2-3 days for money to transfer using ACH, but you'll pay zero fees and still get many of the same benefits you described as a prepaid card, but without the fees.

[@HugoBrown]

Good Explanation , will subscribe to channel, I see your other video's about Savings which is important in these days of uncertainty. Although I'm pretty good at savings , never hurts to hear other views,options, even though I'm at the bottom of the earth ( Australia ) haha..

[@patrickthonglor]

It's not secure because its centrally controlled and if they want to delete you. Your screwed.

[@AlanDeRossett]

more secure

[@joemann7971]

It's more secure because if you lose your phone, you can log into a computer and disable all the cards on the device at once. If you were to lose your real wallet, you would need to call each bank one by one to cancel and reissue a new card. With Google Pay, you don't even need t new card, since the card on the phone isn't even your real card number thats stored. Each bank has to authorize the card to be used with the service, which is why not all cards will work with Google Pay. Google is more concerned with tracking your purchasing activity so they can later sell you stuff you dont need, but would likely buy. They wont steal from you directly.

[@raymondlee3327]

Android pay is now Google Pay.

[@MyronChai]

I only use digital wallets at vending machines . I like to insert my card at retailers

[@teapurveyor]

That's just unnecessary risk. Especially when Apple Pay or Samsung Pay will randomize your actual account number.

[@aliceliu27]

Hey, now digital wallets can be used for mining. There are some benefits every day.

[@_-_.7]

What if your phone gets hacked

[@bionicwoman9884]

Your phone should be protected with screen lock.

[@_-_.7]

@@bionicwoman9884 come on lady you think a screen lock is unbearable?

[@filmaker256]

@@_-_.7 why I stick to cash. He even said in video their is no way to prevent it. So cash is safer

[@chriswells4618]

I've tried this and it doesn't work. For starters most businesses don't accept Google pay because it costs them money so your forced to use a physical visa debit card same with self filling petrol stations. Also, your driving license is going to be issue too when you get pulled over. Digital licenses and passports are not wide stream yet (probably never will be) only 2 places do this in the world. One state in the United States and there other in Australia. Good luck I'm very practical person.

[@aliceliu27]

Haha, I think the problems you encounter are very common. But now many people have begun to accept the convenience brought by digital wallets. At the same time, they can also benefit from mining.

[@victorwadsworth821]

Not sure a wallet would help me, my finances are pretty simple, I don't buy much crap, but Wells Fargo is pushing it & did not know what it was.

[@picalouise1851]

They want to charge me 14.99 a week to use it

[@dogburrito]

Bad advide. Making charge backs on Google pay is a fucking pain. That's insecure.

[@MegaRich7]

People need to sacritice convenience and use cash only. Stop being lazy and stop making banks rich.

[@dashrirprock]

But when I pay with a card, I get at min. 2% cash back. For my groceries (and other items), I get 5%. I used to pay cash for everything, but realized it was a sucker move. The transaction fees are baked into the prices. You can pay cash for businesses that you like. When I go to the mechanic or the dentist (aka mouth mechanic), I make sure to pay with AMEX because they have the highest transaction fees.

[@Shimmed]

It hurts me to see Clark so in on government & corporate propaganda. As if handing over you’re ability to to make payments or prove your identity to Google (aka Alphabet) is a good idea.

[@anthonywilliams9415]

No Thanks. Cash rules everything around me, C.R.E.A.M get the money, dollar dollar bill yooooo.

[@SillyOmega]

For a long time during covid they refused to take cash smart one.

[@SaraMyers-pi4ki]

Good Explanation , will subscribe to channel, I see your other video's about Savings which is important in these days of uncertainty. Although I'm pretty good at savings , never hurts to hear other views,options, even though I'm at the bottom of the earth ( Australia ) haha..