Reasons to Check Out a Mobile Wallet
A mobile wallet refers to the apps that allow you to pay with your phone, including Android Pay, Samsung Pay and Apple Pay. These apps store your credit, debit or prepaid card information securely on their servers and allow you to pay for purchases in-store or online without having to swipe your card or enter your information. Beyond convenience, there are some good reasons to consider taking advantage of the technology.
- Security – Mobile wallet apps do not send your card information to complete a transaction. Instead, a unique code is generated to send your data to the merchant. This means the digital risk for information being compromised is low. There is also a decreased risk from a physical security perspective. Having a wallet lost or stolen doesn’t leave you with any protection from your cards being used. If you lose your phone, your mobile wallet still requires a PIN to unlock on top of the password you already have on your phone.
- Online Shopping – We live in the age where a few taps can get you almost anything you want, but that means we’re constantly entering credit card information into our go-to shopping websites or even storing that information on accounts we created. Using a mobile wallet when you’re shopping from your phone means you can enter your card details with a few convenient taps and perhaps eliminate the need to create an account and store these details with a retailer, reducing the inherent risk of your credit card information being stored in multiple locations.
- Rewards – Your mobile wallet can be a one-stop shop for everything you need at the checkout, including those loyalty points. Many retailers let you load your reward card right into your mobile wallet so you won’t need to use multiple apps or pull out your trusty key tags.
A couple caveats to consider. Your bank has to support the use of these apps and while hundreds of financial institutions offer the functionality it is not yet ubiquitous. Another more obvious consideration, your phone has to be charged. If you’re constantly running on low battery, you’ll want to have a backup option or a portable charger at the ready.
Cellcom is an innovative wireless company that provides nationwide service for its customer base throughout Wisconsin and Michigan, with more than 50 retail and agent locations. Cellcom is respected for its long-standing reputation of delivering extraordinary customer care, being a strong community partner, and for its renowned network, which is customized to its rural markets. As a subsidiary of Nsight, Cellcom is part of a family of companies offering complete telecommunications services.