01How to Set Up Google Wallet for Android and iOS
The Google Wallet app makes your wallet lighter by storing all your credit and debit cards on your iPhone or Android phone. You can send payments to others and received funds using Google Wallet. Once you have a Google Wallet set up, you can also use it with Gmail to easily send and receive funds, and to do the same on mobile devices running Android 2.3 or higher, and iOS 6 or higher.
If you happen to frequent a store that has an NFC terminal and your Android device is running KitKat (Android 4.4) or higher, you can use Google Wallet to pay through the NFC terminal (a payment terminal that lets you pay with a tap on your screen), but only in the U.S. Android devices Nexus 7 (2013), Samsung Galaxy Note III and Evo 4G LTE are excluded.
Set Up Google Wallet
- Download the Google Wallet app from Google Play or the iTunes App Store.
- After the app installs, open it and sign in with your Google account.
- You'll be asked to enter your ZIP code, and whether you want to received updates. Make your selections and tap Next.
- You'll be presented with the terms of service for using Google Wallet. Look them over and tap Accept, then Continue, found lower on the screen.
- You will need to set up a Wallet PIN to use the app. Choose four digits that are easy for you to remember, but that won't be easy for others to guess. The PIN is required to make cash withdrawals and debit account payments if you use the Google Wallet MasterCard debit card. The card uses Wallet as its funding source, and the PIN would be entered at the checkout counter when you pay with that card. If you use a PIN to lock your phone, choose a different one to use with the Wallet app.
- You'll be prompted to re-enter the Wallet PIN, then Google Wallet is set up and ready to use.
Fund the App
To fund your Google Wallet account, link a bank account to the app and transfer the amount you want to be available to use with Google Wallet to the app. You can also link credit and debit cards to use for payments. The app will walk you through doing this.
Fees and Spending Limits
Unless you verify your identity in the online app (more about that below), there are restrictions on how much you can spend:
You can't spend over $1,000 in a 24 hour period in stores on one device using the Wallet app. This includes the Wallet balance plus any credit or debit cards you have linked to the app. You can't spend over $10,000 using multiple devices that are linked to your Google Wallet in one day.
If you use the Google Wallet card, you can spend up to $5,000 every 24 hours, or up to the balance of your Wallet account. This does not include cash withdrawals at ATMs, which are capped at $300 a day.
You pay no fees for cash withdrawals at ATMs, banks, or if you get cash back with a purchase at a retail store. Of course, the ATM will likely charge a fee, which will be deducted from your Google Wallet balance, so try to find a low fee ATM.
Verifying You Identity
To use Google Wallet to the fullest, you'll want to verify you identity, which is really an extra layer of security. To do so, log on at wallet.google.com/manage then click the gear button in the upper right corner. Click the Verify Identity button and enter the information you're asked for.
Why Use the Google Wallet Card?
The Wallet app makes it easy to send money and to pay at merchants who provide NFC payment terminals in the U.S. To use the app with an NFC terminal, one or more credit or debit cards must be set up within the app (the app walks you through this), and you just hold your Android or iOS device near the terminal when you check out, then tap to pay from the card you choose. NFC terminals are not available at all retail establishments, but you can still pay with the Google Wallet card and keep your transactions synced with the app.