Samsung pay having the option to use MST is still a huge benefit even in 2020, at least in the US. NFC has definitely started to catch up, but it is not even close to everywhere.
I’m in Japan and I’m using Suica, QuicPay, PayPay, Rakuten Pay, Line Pay, iD, Kyash, Origami Pay, AU Pay, D払い, メルペイ in my daily basis without any problem.
@@thestinker Sometimes it's hard because remembering Yen (especially coin) and divided it when we are going to pay :"). Kudos to Japanese that help me count and pick the money
If anyone is new to samsung rewards, ignore it. I've worked at saving those points for almost 3 years and have been only close enough to buy a $15 phone case, then they removed all the buy now redemptions leaving only some coupons and sweepstakes. After deciding to cash in whatever I had the only meaningful thing I got was a consolation prize of 1 free year with Calm and a $80 equivalent value of in-game purchases for a mobile game I've never heard of. If you think this reward system might give you enough value for this card, it definitely won't. I love the MST function but everything else is useless at best and a time-sink at worst. Even if you could earn a lot of points with this card there is nothing you can do with them.
Many pple forget that Samsung is a gigantic conglomerate composed of 80 different businesses and hundreds of subsidiaries. Samsung already owns South Korea's largest credit card company, Samsung Card since 1988. They're the only ones who can issue AMEX Black cards to some parts of the world. They are not going to cannibalize parts of their own business or go after their friends in wallstreet by launching their own credit cards in the US.
This question might be dumb but what does an intrest rate of 0.2% APY mean? Is it good or bad? I wish schools would teach us about this but sadly they don't.
I have a few questions. Firstly can you have the option not to accept the interest payments.? Secondly , i notice that when users on the advertisement are using their phones to pay with the no-touch payment method that their phones do not have any protective cases or tempered glass screens, how well does the app work with a reasonable protective case and screen?. Lastly when will this payment method be available for international users and can the card be used to purchase items from websites like ebay and amazon or the samsung store etc.
Humans really confuse me. Have we not figured out imitation is love? It's great that both apple and Samsung are doing these their own way to appeal to everyone out there and I'm interested in Google's version.
"MST was a big deal especially in the US" the last time I saw a non NFC terminal was forever ago and pretty sure that the magnetic stripe reader is disabled in Slovenia due to security reasons and everyone has Chip cards
Yeah the 🇺🇸 is way behind the world in more ways than 1. Here in rural Pennsylvania there's various places that still don't have NFC readers so I'm really glad for MST yet here in 2020. Also, dollar general and Walmart refuse to accept contactless payments for some reason so it's always fun when the cashier says that it won't work and I'm like "just watch" 😜
It is so ridiculous that US was still using MST when the rest of the world had moved on to chip based card transactions. Also its weird that we have NFC payment methods (wearables, cards) which bypass the chip based pin requirement up to a certain small limit. Its a bit jumble all around, and not to forget EU also has that chip based card which combines your credit and debit in one and one can choose which to use at the payment gateway.
v1d300 apple pay and probably Samsung pay and google pay allow unlimited amount purchasing without inputing a pin into the terminal, you just need to use fingerprint/face/password to tell the phone you’re you
Ryan it makes no sense for major retailers not to accept contactless payments, for contrast here in tiny Slovenia every corner shop that accepts card payments has a contactless terminal
.2% is pretty much nothing, because it's higher than the average for debit cards doesn't mean it actually counselor everything when that's less than inflation. And there are savings accounts with 2% and credit cards with 5% cash back.
Why is Samsung doing this - data, specifically information into what people spend their money on is very valuable insight into people's behaviour and characteristics!
I got emails from Samsung, promoting 30% discount if I open this sofi account just wondering doi have to be samsung employee in order to qualify for 30% discount on samsung products.
This is not a Credit card- it is a "Cash Management" brokerage account which is basically a hybrid between a Checking and Savings account. You deposit money into the account, and when you use the card, the funds are immediately deducted from the account balance. You normally cannot spend more money than is in the account, although sometimes it happens accidentally. They aren't giving you a credit line, so everyone is approved. The deposited funds are invested by the banks they go into, and then they give you a small amount of interest that reflects this. The interest is a perk of the card, not something you would want to get rid of.
Can Samsung Money be use on my Samsung Galaxy A71? I hope Samsung Money is not restricted to the Galaxy S series and Galaxy Note series. Will this card can link to any bank? I don't lived in the US, I lived in Malaysia. And when will it be available worldwide? I will be dissapointed if it's only available in the US and not anywhere else.
I need advice... Yeah, it is cool option but, I ordered samsung A71 phone from store in my country. Got phone tried to add card on SamsungPay and it notified me that it is impossible to add card. reason is that my phone is made for market of Abu Dhabi, and gave me bank options which cards it allows. Any advice how to avoid this step
You brought an Export Set. For security reasons, Knox won't let you add a card as it thinks it's in Abu Dhabi. In order to fix this you have to flash the ROM of your local area.
Samsung already owns South Korea's largest credit card company, Samsung Card since 1988. They're the only ones who can issue AMEX Black cards to some parts of the world so they're not dumb. They know what they're doing.
Also once u start pushing forward like apple, ur going to make more enemies in wallstreet since the banks don't like it. Samsung has more than 80 businesses with Samsung Electronics Galaxy devices being less than 1% of their revenue. They gotta think of the relationship with the other banks for their 79 other businesses.
I left chime for this. It still has roundups but I love the "vault system" you can set up individual savings "accounts" that you can split up and name. I've got a rainyday and a few more that I deposit into with each paycheck. If you want you can make it pull out automatically.
![Felix "Unfair" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/Oswujxm2Ag0/mqdefault.jpg)
Card check
Phone check
Technology check
MST check
Now only if I had that thing called as "MONEY".
Mine for bitcoin.
robber would not ask for your wallet anymore.. they goin after your phone....
@@campkira I suppose future muggers will need advanced hacking skills.
MST no longer check
Samsung pay having the option to use MST is still a huge benefit even in 2020, at least in the US. NFC has definitely started to catch up, but it is not even close to everywhere.
Meanwhile in Japan, the most technologically advanced country in the world: wE pRefEr cAsh :)
Add the word "seemingly" here
I’m in Japan and I’m using Suica, QuicPay, PayPay, Rakuten Pay, Line Pay, iD, Kyash, Origami Pay, AU Pay, D払い, メルペイ in my daily basis without any problem.
Mufqi Alus Naufal I actually prefer cash since it isn’t owned by a company, you don’t have to pay fees to use it.
@@thestinker Sometimes it's hard because remembering Yen (especially coin) and divided it when we are going to pay :"). Kudos to Japanese that help me count and pick the money
@@taichiwhite390 Sorry I'm using Suica too, but there's still seller who prefer cash or vending machine that turn paper money (not Suica) into coin :(
You forgot to mention the most important thing. How does the money get put on the card
Just got approved, expecting the physical card by next week 🙌
So far it's looking good 👍
Did they check your credit score?
@@MrJb713 same thing i'm trying to figure out! I am good but i don't want a check ran to mess with my score for nothing.
For those wondering, the FAQs say it checks it but wont affect credit, so probably just a soft inquiry if anything.
@@MrJb713 Its a debit card not a credit card. It will just be a soft inquiry. Wont affect your credit score
Bam! Hard Inquiry 7 years! Haha my credit sucks but I applied for one & its on its way! Dont really have a use for it but so what.
If anyone is new to samsung rewards, ignore it. I've worked at saving those points for almost 3 years and have been only close enough to buy a $15 phone case, then they removed all the buy now redemptions leaving only some coupons and sweepstakes. After deciding to cash in whatever I had the only meaningful thing I got was a consolation prize of 1 free year with Calm and a $80 equivalent value of in-game purchases for a mobile game I've never heard of. If you think this reward system might give you enough value for this card, it definitely won't. I love the MST function but everything else is useless at best and a time-sink at worst. Even if you could earn a lot of points with this card there is nothing you can do with them.
Debit Cards are great. It is disappointing that Samsung is not offering a credit card instead.
Actually it’s Better then Apple Card because a debit card means everyone with Samsung can get it you don’t need 700 credit and up good work Samsung
Many pple forget that Samsung is a gigantic conglomerate composed of 80 different businesses and hundreds of subsidiaries. Samsung already owns South Korea's largest credit card company, Samsung Card since 1988. They're the only ones who can issue AMEX Black cards to some parts of the world. They are not going to cannibalize parts of their own business or go after their friends in wallstreet by launching their own credit cards in the US.
the reward system sounds like it will be used to steer how i spend my money
Yeah they mentioned something about “competitions” to earn Samsung points? And this is for a Debit card!
I mean its a debit card not a credit card so you really can't compare it to the apple card in that aspect.
Yeah
They going try just because it's to popular competing phone companies
So that’s what I signed up for in Samsung Pay😭😂 I was wondering ab this
😄
The next and finale tap to pay method is the chip in your hand
Mark of the beast
the closest thing we have is Westpac paywear which puts the chip from credit cards into accessories
Like the identification chip in my dog.
Why does it have to be the mark of the beast? Anybody excited about this technology other than me?
@@casias002 there is nothing exciting about merging with machine☹️
Great Music Taste!
Ah, you noticed Massive Attack's Mezzanine album frame too.
I came here just to comment on that. One of my favorite albums of all time.
Only good taste here☝🏼
SoFi using that Samsung money for all those new commercials.
This question might be dumb but what does an intrest rate of 0.2% APY mean? Is it good or bad? I wish schools would teach us about this but sadly they don't.
I have a few questions. Firstly can you have the option not to accept the interest payments.? Secondly , i notice that when users on the advertisement are using their phones to pay with the no-touch payment method that their phones do not have any protective cases or tempered glass screens, how well does the app work with a reasonable protective case and screen?. Lastly when will this payment method be available for international users and can the card be used to purchase items from websites like ebay and amazon or the samsung store etc.
I'm pretty sure this is the future of banking IMO. Physical bank branches are going to obsolete.
Just wanted to saw I see you with the Massive Attack Mezzanine poster in the back;) good album
Samsung pay works everywhere
Except here in the Philippines... Samsung Pay is not available
How it defers from a regular debit card
It's made from Samsung and meant for Samsung
CNET can post you the link to the website to sign up the for the waitlist thanks Cnet or post the link to article on cnet for more details thanks
Go to Samsung website
T-Mobile Money has a 4.0 APY, which I could setup in Samsung Pay or Apple Pay.
Yeah it's good as long as your on the T mobile network.
Humans really confuse me. Have we not figured out imitation is love? It's great that both apple and Samsung are doing these their own way to appeal to everyone out there and I'm interested in Google's version.
thanx Lexy
I see that switch in the background 👀
Is this considered a prepaid card? Or am actual bank acct?
Bank account from what I've heard, you can also setup direct deposit.
What's next? Facebook debit card?😪
Mark Zuckerberg:
"Write that down write that down!"
The future is next stop crying about everything
Careful they going be at your house
Libra
boomer
Got mine in the UK today - just closes my current debit card to get rewards. No additional credit.
I got my samsung pay card today I'm in the UK
Do we need it?
2020 and Homedepot still has no NFC. Samsung works great.
Samsung pay works at homedepot right?
2021 and most of my local taxis only accept cash. The bus accepts cash. Cash and check if you go to the terminal.
The ACH transfer results in SoFi holding in to your funds for DAYS before releasing your money...to you
Its 2020 and 'We don't accept Apple Pay" is something I still here but with Samsung Pay it goes through.
Gotten some emails about this card and before I might get one I need to know more.
I Wish It Can Roll Globally. 🤞🏼
Still not that many nfc payment methods across the US
"MST was a big deal especially in the US" the last time I saw a non NFC terminal was forever ago and pretty sure that the magnetic stripe reader is disabled in Slovenia due to security reasons and everyone has Chip cards
Yeah the 🇺🇸 is way behind the world in more ways than 1. Here in rural Pennsylvania there's various places that still don't have NFC readers so I'm really glad for MST yet here in 2020. Also, dollar general and Walmart refuse to accept contactless payments for some reason so it's always fun when the cashier says that it won't work and I'm like "just watch" 😜
It is so ridiculous that US was still using MST when the rest of the world had moved on to chip based card transactions. Also its weird that we have NFC payment methods (wearables, cards) which bypass the chip based pin requirement up to a certain small limit. Its a bit jumble all around, and not to forget EU also has that chip based card which combines your credit and debit in one and one can choose which to use at the payment gateway.
v1d300 apple pay and probably Samsung pay and google pay allow unlimited amount purchasing without inputing a pin into the terminal, you just need to use fingerprint/face/password to tell the phone you’re you
Ryan it makes no sense for major retailers not to accept contactless payments, for contrast here in tiny Slovenia every corner shop that accepts card payments has a contactless terminal
Not in the US.
Someone tell... what exactly is this? I know its a debit card... but does it come with the funds already? Or is there a deposit to be made?
what about check cashing!?
So what's the difference between Samsung money and Samsung pay cash?
can you link a bank card with Samsung pay?
I know this is late but yes you can.
What does that 0.2 interest mean??? Can someone explain it to me???
I am waiting for this
Is this like cash app just without sending money to people
that the L USA, we aussies have nfc in basically all the stores
Good for you! In Romania we also have nfc in a lot of places
It can also work with the galaxy a series as they have samsung pay and nfc.
I think this service will not be available in Egypt
Of course. 'Innovation'
It just comes out.
Make it a Metal card and id sign up. Beside that, I don't see the point.
DUDE IT WORKS. lol. I paid $500 for $5000 card. I just cashed it with my samsung pay.. Lol.thanks phantom hackers.
.2% is pretty much nothing, because it's higher than the average for debit cards doesn't mean it actually counselor everything when that's less than inflation. And there are savings accounts with 2% and credit cards with 5% cash back.
It actually looks really good
Why is Samsung doing this - data, specifically information into what people spend their money on is very valuable insight into people's behaviour and characteristics!
Google wants to know this.
Is there an age limit
I got emails from Samsung, promoting 30% discount if I open this sofi account just wondering doi have to be samsung employee in order to qualify for 30% discount on samsung products.
what about people in Canada
How do you use the card for online purchases with no card number?
In the money app on Samsung pay it will say the card number
CN I use it in japan
Can you use this card with samsung pay
Only the US?
now samsung starting to get more cool stuff
I have a question I just applied and got accepted right away.. I didn't know the interest rate..what if I don't want any interest?
This is not a Credit card- it is a "Cash Management" brokerage account which is basically a hybrid between a Checking and Savings account. You deposit money into the account, and when you use the card, the funds are immediately deducted from the account balance. You normally cannot spend more money than is in the account, although sometimes it happens accidentally. They aren't giving you a credit line, so everyone is approved. The deposited funds are invested by the banks they go into, and then they give you a small amount of interest that reflects this. The interest is a perk of the card, not something you would want to get rid of.
Can Samsung Money be use on my Samsung Galaxy A71? I hope Samsung Money is not restricted to the Galaxy S series and Galaxy Note series.
Will this card can link to any bank? I don't lived in the US, I lived in Malaysia.
And when will it be available worldwide? I will be dissapointed if it's only available in the US and not anywhere else.
Does it require credit check?
No
how I can transfer money into this samsung sofi?
How to stick to Bank of America they don't charge me fees for using it
Why can't this come in Australia.
Maybe there trying to get rid of banks all together?
Already on that Waitlist.
I need advice... Yeah, it is cool option but, I ordered samsung A71 phone from store in my country. Got phone tried to add card on SamsungPay and it notified me that it is impossible to add card. reason is that my phone is made for market of Abu Dhabi, and gave me bank options which cards it allows. Any advice how to avoid this step
You brought an Export Set. For security reasons, Knox won't let you add a card as it thinks it's in Abu Dhabi. In order to fix this you have to flash the ROM of your local area.
Why would you need 2 debit cards ?
Does Samsung Pay still incorporate the swipe tech for smartphones or did they phase that function out?
MST is gone sadly
If there is no card no and cvv, how can we use in online shopping?
by using Samsung pay if supported.
The information of the card is available in the samsung pay app.
Apple: Creates Apple Card
Samsung: Alright, time to copy ’em
kotel Xiaomi: It is time.
Android: Creates widgets, app drawer, etc.
iOS 14: Aight, time to copy em'.
@@muzegames Apple invented widgets back in 2006 on macOS X lol.
@@lntg Uh no. Widgets was introduced by Windows on Vista in 2006. Mac OS didn't have it til 2007 on Leopard.
Wow the one time apple did something first congrats apple user 😂😂😂😂👏👏👏👏👏
The only reason I'm interested in this is because Samsung Pay doesn't work with all banks in the UK and I want to use Samsung Pay on my Galaxy Watch.
I was waiting for Samsung to follow Apple’s lead. What took them so long?
Samsung Pay is more acceptable than Apple and Google pay. Its preferable than most of its competitors .
And doing it better!
A M I wouldn't consider a debit card as "doing it better".
Samsung already owns South Korea's largest credit card company, Samsung Card since 1988. They're the only ones who can issue AMEX Black cards to some parts of the world so they're not dumb. They know what they're doing.
Also once u start pushing forward like apple, ur going to make more enemies in wallstreet since the banks don't like it. Samsung has more than 80 businesses with Samsung Electronics Galaxy devices being less than 1% of their revenue. They gotta think of the relationship with the other banks for their 79 other businesses.
Mst doesn't work at gas pumps... And newer Samsung phones don't have mst
Samsung reward point got an expiration date.
I feel the best way has been developed by India called UPI. It's too convenient. Maybe you should make a video on it.
Great video.👍
Will the card be metal like apples?
That's what I want to know
What would happen if I were to apply and receive a Samsung card but then later replace my Samsung phone with another brand?
Thats the point they don't want you to move away
Insured up to $1.5 million? why is it higher then the normal 250,000
They put your money in 6 different banks.
I have that same Asus router.
You know it's sofi but you don't know what the money management services are going to be like?
This looks metalic.... Like the Apple card. Is it metal?
No
Eh, you find a lot of online banks such as Chime that do the same thing
I left chime for this. It still has roundups but I love the "vault system" you can set up individual savings "accounts" that you can split up and name. I've got a rainyday and a few more that I deposit into with each paycheck. If you want you can make it pull out automatically.
Chime is trash
Samsung Pay avaible in US. Samsung brings new debit card to US.
Samung pay? Cries in german.
Can u tell me ur debit card plz
Muito legal sabe vim um cartão de débito da Samsung
I'm waiting for Samsung Pay in Bangladesh
@chipotle who’s should watch this
Thank the Lord that this is a debit card and not a credit card. Apple, take note.
Now there's any privacy for your payments
There never was
@@mja4146 maybe but centralizing everything is worse
Werent people making fun at the Apple Card, then Samsung brings this out. Brilliant.
On Samsung's site for this account; they seriously paid nearly 1K in hotdogs!?
Probably for a bunch of employees
whats next wireless headphones
It’s better than Chase already.
This will never work as well as apple and I'm saying this being a Samsung user
uzair khan that because it will works better than apple!
Apple card is not that good
Yeah I don’t see this gaining traction
Samsung pay is already better than Apple pay but were comparing debit cards to credit cards its not the same
@@marquisethomas5611 How is Samsung Pay better? MST is only useful in the US, the rest of the world uses NFC anyways.
Doesn't work with rooted phone