A Mobile Wallet is a digital app on a smartphone (like Apple Wallet, Google Wallet, or Samsung Wallet) that stores payment card information securely. It allows users to make payments in-store via NFC (Near Field Communication) or online without manually entering card details, often using tokenization to hide real card numbers from merchants.

FAQs:

  • Are mobile wallet transactions secure?
    Yes, they use tokenization and biometric authentication, making them often more secure than physical cards.
  • Does Charge for Stripe accept mobile wallets?
    Yes, via “Tap to Pay” features or by manually entering card details if the customer has the physical card info available.
  • Do mobile wallets have transaction limits?
    They can often exceed standard contactless limits because the biometric authentication (FaceID/TouchID) acts as a high-security verification.

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