Is using Google Pay secure?

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Image source: Getty Images

With multiple choices of contactless payment apps, does Google Pay hold up when it comes to security and privacy? Image source: Getty Images.

Google Pay, a contactless payment

What is Google Pay and how does it work?

Google recently consolidated its payment services into a single unified app, replacing Android Pay and Google Wallet. Google Pay allows Android users to make and track their purchases using their phone. It also allows peer-to-peer payments between family and friends and the ability to store boarding passes and movie tickets.

The payment system is designed to make your checkout process faster and more convenient, whether you’re at home or on the go. Google Pay can be used online, in apps and in stores that support Google Pay as a payment method.

Why Google Pay might be safer than using your card

When you make an online purchase by entering your credit card information, you rely on the vendor to provide adequate security measures to protect against credit card fraud because you are transmitting your credit card information . With Google Pay, your payment information is always encrypted and stored on Google’s secure servers.

Google Wallet lets you store various payment methods, like your credit and debit cards, to speed up your checkout process. Encryption and security keys are used to protect your financial information. This prevents the seller or outsiders from accessing your information on every purchase.

Most purchases will require you to unlock your phone, with some exceptions for certain small payments. When you make a purchase in store, Google assigns a temporary unique virtual account number that is shared with the merchant instead of your actual account information. For an extra layer of security, Google Pay automatically removes this virtual account number if the screen lock feature is disabled on your device.

How to protect your information when using Google Pay

Google Pay has many layers of security to help make your shopping experience safe and secure. However, no payment system is completely secure. Here are some tips for taking an active role in protecting your information

If your phone is lost or stolen, you will need to take immediate action. Use the “Find My Device” feature on your phone as soon as you realize your phone is missing. You can locate, lock or erase your information depending on the scenario.

Be aware that if you leave your phone unlocked, it can be used by other people to make purchases. That being said, the thief won’t be able to directly access your financial information since Google Pay doesn’t store your card information on your phone. Make sure your phone is always locked behind a password and a biometric identification measure.

Only send money through Google Pay to people or businesses you know. Don’t make purchases from public online forums, especially if the seller is exhibiting suspicious behavior. The send money feature is designed for sending money between friends and family, as well as for small business transactions. Stick to paying the seller in person to ensure you receive your items.

It can reassure you to know that your credit card’s fraud protection policy remains in place if you use a mobile wallet. The best credit cards offer zero liability fraud protection.

Google Pay is a great option to make your life a little easier with added convenience and security. As with any form of payment, always take extra precautions to protect your financial information and report any unauthorized charges immediately.

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