When comparing Android Pay vs Google Wallet, the Slant community recommends Android Pay for most people. In the question“What are the best services for making online transactions?” Android Pay is ranked 6th while Google Wallet is ranked 7th. The most important reason people chose Android Pay is:
Android Pay functions as a platform that allows third-party developers to create payment apps on top of it not as a standalone app itself. This potentially will enable higher competition between available frontends and as a result better solutions without having the payment information tied to one tool.
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Pros
Pro It's a platform not an app
Android Pay functions as a platform that allows third-party developers to create payment apps on top of it not as a standalone app itself. This potentially will enable higher competition between available frontends and as a result better solutions without having the payment information tied to one tool.
Pro Best choice of supported cards through Google's Virtual Card system
Google has a partnership with Bancorp Bank that issues a Virtual Card to Google Wallet users that works as an intermediary between customer's card and merchant. It gives more choice in terms of compatible cards and works as a card fraud mitigation technique.
Pro Has a robust fraud protection system
All verified unauthorized transactions reported within 120 days of the transaction are completely refunded.
Pro No credit card information is stored on the phone
In case a phone is lost or stolen no access to actual credit card information can be gained.
Pro 4-digit PIN provides added security through secondary authentication
4-digit PIN that has to be entered before any transaction can take place adds secondary authentication and makes sure that nothing gets bought by accident.