4 ms·
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 a
by 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 agoI 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 agoThat'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 agoedit: rohansingh posted the FAQ entry before me