Radical Personal Finance 1074-Why You Should Use Apple or Google Pay Instead of a Physical Credit Card
18 snips
Dec 10, 2024 Dive into the world of digital payments as the hosts unveil the advantages of using Apple Pay and Google Pay over traditional credit cards. They delve into critical topics like enhanced safety, privacy protection, and unparalleled convenience. Discover how these modern payment methods not only secure transactions but also safeguard your personal information. Tune in for insightful tips that could revolutionize the way you handle your finances.
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Use Digital Wallets
- Use Apple Pay or Google Pay instead of physical credit cards.
- It offers better safety and privacy for your transactions.
Credit Card Data Exchange
- Swiping a credit card transmits your card number, expiration date, CVV, and sometimes name/address to the merchant.
- This data is stored in the merchant's payment system, accessible even with privacy tools.
Tokenization and Security
- Apple/Google Pay use tokenization, providing merchants with a device-specific number and transaction code instead of your actual card details.
- This enhances security as thieves need your physical device to make fraudulent transactions.