a) don't save CC info at all
b) save CC info in tokenized form (whatever that means)
And since I never save CC info on websites (only in the phone wallet feature) I've always rejected these "tokenized" prompts. But it seems I need to research this thing more next time.
> a) don't save CC info at all
> b) save CC info in tokenized form (whatever that means)
> And since I never save CC info on websites (only in the phone wallet feature) I've always rejected these "tokenized" prompts. But it seems I need to research this thing more next time.
Tokenization means that the payment processor saves your cc information for "easier" use when you make purchases/pay bills in the future. The seller/service provider can of course use that token to charge you anytime they want. I hope this helps with understanding how it works(and why I am hesitant to allow tokenization of my cards).
I realized the same pattern but in reverse in my phone provider's app. When you're making a payment with your credit/debit card, there is a toggle that you can turn on for them to tokenize your card. By default, the toggle is to the left side and it's colored light blue. When you toggle it to the right it become gray. I believe they have done it on purpose to confuse prople who don't want their card tokenized.