I have been using Google Wallet to pay for things about a month now. I usually paid the bills at Wegmans, Panera Bread, and McDonald's with the Google Wallet app on my smartphone. Then I ordered a Google Wallet card to use at vendors who do not accept payments via the smartphone. The Google Wallet card is a MasterCard card and is accepted wherever MasterCard is accepted. Now I can use Google Wallet everywhere. I used it for the first time last week at Target. It worked without a hitch.
It is ironic, at least to me, that I used my Google Wallet card at Target. When credit cards were hacked a little more than a year ago at Target, my bank debit card was one of the cards that were compromised. My bank quickly gave me a new debit card, and I lost no funds as a result of the hack. Now if Target is hacked again, my bank account will be safe, or at least safer, as long as I use my Google Wallet card when I shop there.
Speaking of being hacked, my bank debit card was hacked again at Staples. Again, my bank quickly gave me a new debit card last week, and I have not lost any funds as a result. It was hacked this past September, well before I started using Google Wallet. If I had been aware of Google Wallet and its capabilities before Target was hacked, my debit card would have never been compromised.
As a result of being compromised again, I have been updating my debit card info with my new debit card in all the places where I use a debit card. One app that I use to transfer funds to another person is Venmo. I went to edit that app on my smartphone to add my new debit card as a funding source and delete my old credit card. After I did that, I realized something. Venmo stated on that app that the app will charge 3% if I use my debit card as a funding source for the app. However, I have not been charged anything extra when I use the app. I realized that it was my bank account that I had deleted from Venmo instead of my old debit card. I am not charged extra if I use my bank account as a funding source. I have now added back my bank account as a funding source, and it is my primary funding source when I use Venmo.
I was mad at myself for being careless and deleting something that I did not want to delete. Now I am glad I made that mistake. Why? Because I noticed on Google Wallet that when I transfer funds from my bank account to my Google Wallet account, I am charged a little extra. I am using my debit card as a funding source instead of my bank account, thus I am being charged a little extra. It works like Venmo does. I am now in the midst of changing my funding source on Google Wallet to my bank account instead of my debit card. I should no longer be charged extra when I do a funds transfer. One mistake on Venmo made me realize I had made a mistake on Google Wallet. Who knows how long it would have been before I discovered I did not have to pay extra when doing fund transfers in Google Wallet. At least I know now. Live and learn!