#1 - Google wallet has my credit card
#2 - My phone has a pin code
#3 - Android market in my phone has "PIN required for my purchases" (you set it in Android market settings) and the PIN is different than my unlock phone PIN in #2
#4 - If I was to lose my phone, I would go to Google gmail and change my gmail password (for even more security you can turn on 2-step verification where you always have to enter a code that is send via SMS, voice call, app, or printable codes, before you can log in)
That alone will do it. But if you so want, you can also login to google wallet ( google.com  ) and remove, edit, change your credit card and also call your credit company and report it stolen.
However, I will only do that if physically my credit card was stolen/lost. Because changing your gmail password is enough for whomever found/stole your phone, to not get access to your account. And Remember, you have the two PINs as added protection on top of that. And a 2-step verification if you are going to extremes.
All in all, I feel extremely safe letting Google handle my purchases. A hell of a lot safer than Amazon or Apple. |
