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Huh. Could someone point out how this is different from Coin? On first flush it seems like it will have an easier roll out time, but I can see how privacy consc

Huh. Could someone point out how this is different from Coin? On first flush it seems like it will have an easier roll out time, but I can see how privacy conscious people will be wary of it. Edit- and I mean different from Coin in a use case kind of way. I realize that Coin does stuff with the magnetic strip directly whereas this is just another card that is linked on the net to all of your other cards.

generalpf 13y ago
This one doesn't seem to be linked to your other cards, just your Google Wallet balance, which can possibly deduct money from a linked card? In any case, big whoop.
- dotBen 13y ago
  UPDATE: Apparently folks are saying this is NOT how it works, although I read a write up that indicated this was how it works. I'm leaving the original below anyway... I believe it is linked. The idea is that you'll tell the app you want to pay with your Amex. You hand the Google Wallet Card to the retailer/waiter/etc and when they run the card it will be piggy-back-charged to your Amex by Google. The difference to Coin is the switching to your "real" card is done in the datacenter not on the card itself via the mag strip. And when the world evolves to contactless payments as the norm, you've already been trained to use the Google Wallet App (which supports that), whereas Coin will be obsolete. Google is playing the long game.
  - untog 13y ago
    I don't understand how that could be worth it for Google, though. Amex processing charges are higher than Mastercard (AFAIK) so if I pair my Amex to my Google Wallet card, aren't they going to end up paying processing charges the store would normally pay?
  - rohansingh 13y ago
    That's not the case. Read the documentation on the site: > The Google Wallet Card is funded by your Wallet Balance. Money is added to your Wallet Balance either by someone sending you money via Wallet or Gmail or by adding it yourself from a linked bank account or from a credit or debit card. The card has no fees to order and activate. There are no annual or monthly fees for the Google Wallet Card.
  - curveship 13y ago
    edit: rohansingh posted the FAQ entry before me
andylei 13y ago
its free

generalpf 13y ago

This one doesn't seem to be linked to your other cards, just your Google Wallet balance, which can possibly deduct money from a linked card? In any case, big whoop.

dotBen 13y ago
UPDATE: Apparently folks are saying this is NOT how it works, although I read a write up that indicated this was how it works. I'm leaving the original below anyway... I believe it is linked. The idea is that you'll tell the app you want to pay with your Amex. You hand the Google Wallet Card to the retailer/waiter/etc and when they run the card it will be piggy-back-charged to your Amex by Google. The difference to Coin is the switching to your "real" card is done in the datacenter not on the card itself via the mag strip. And when the world evolves to contactless payments as the norm, you've already been trained to use the Google Wallet App (which supports that), whereas Coin will be obsolete. Google is playing the long game.
- untog 13y ago
  I don't understand how that could be worth it for Google, though. Amex processing charges are higher than Mastercard (AFAIK) so if I pair my Amex to my Google Wallet card, aren't they going to end up paying processing charges the store would normally pay?
- rohansingh 13y ago
  That's not the case. Read the documentation on the site: > The Google Wallet Card is funded by your Wallet Balance. Money is added to your Wallet Balance either by someone sending you money via Wallet or Gmail or by adding it yourself from a linked bank account or from a credit or debit card. The card has no fees to order and activate. There are no annual or monthly fees for the Google Wallet Card.
- curveship 13y ago
  edit: rohansingh posted the FAQ entry before me

andylei 13y ago

its free