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First Look - Samsung Wallet Adds Installments and Tap To Transfer on Galaxy Smartphones
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Jun 26, 2025
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View Video Transcript
0:00
what's up YouTube jeff back again from
0:01
Sammy Guru here and today we're taking a
0:04
look at a brand new set of features that
0:06
Samsung is set to roll out to Samsung
0:08
Wallet at least here in the US next week
0:11
on April 28th which is the brand new tap
0:14
to transfer money so it's going to be
0:16
able to tap two phones together to
0:18
transfer cash it can also tap to a debit
0:20
card transfer uh using NFC and then also
0:23
their brand new buy now pay later later
0:26
program where you'll be able to split
0:27
your purchase into four installments
0:29
just like you know Afterpay Affirm CLA
0:32
all those other popular services but
0:34
within Samsung wallet and a program
0:36
that's backed by Samsung we're going to
0:37
get into that today show you guys the
0:39
new features what they're all about and
0:40
how you can get in on the trial period
0:42
if you're eligible before we get started
0:44
make sure to check out our website.com
0:46
have the latest Samsung news tips tricks
0:47
tutorials and reviews you can also get
0:49
in our mystery box program if you're
0:51
going to be ordering one of the upcoming
0:52
Galaxy phones like the S25 Edge ZFold 7
0:56
Z Flip 7 you get a free case cleaning
0:58
kit desktop phone stand other randomly
1:00
inserted goodies just tap on the phone
1:02
you're interested in put in your phone
1:03
number your email or both and then
1:05
you'll get a link to purchase through
1:06
our affiliate link that's the only
1:08
requirement that's how we fund the
1:10
program we cover all the shipping costs
1:11
and the items in there so you pay
1:13
nothing additional at all for getting
1:16
these accessories so going back to this
1:18
we covered last week I actually got
1:20
invited to this early access program for
1:23
buy now pay later let me go into Samsung
1:24
wallet here and if you go back to all
1:27
let's go to perks sorry over here uh I
1:30
got this banner that says early access
1:32
for installment payments and if you have
1:35
this access you should see the banner as
1:37
well you can tap on it and then you
1:38
should be able to join now it's not
1:40
available to everyone but if you are
1:42
interested you can do this you can see I
1:43
already signed up says "Thank you you've
1:45
joined the wait list notify how to
1:46
access it in the coming weeks you can
1:48
see the terms and conditions this is
1:50
going to start on April 28th so I'm
1:51
making this video on the 23rd it's about
1:53
5 days away i might post it on the 24th
1:56
or 25th so it could be just a couple
1:57
days it's available to residents 18
1:59
years of age or older residing in
2:01
Arizona Idaho Kansas Louisiana Maryland
2:03
Michigan Montana New Hampshire North
2:05
Dakota Oklahoma Oregon Tennessee Utah or
2:08
Wyoming i'm guessing that this is going
2:11
to be probably just because that's who
2:14
their financial partners or maybe the
2:16
states where they're able to operate in
2:18
terms of you know know your customer and
2:20
financial laws but I am in Arizona so I
2:22
got the invite so if you're not in one
2:23
of those you may not get the invite
2:26
they're partnering with SplitIt which is
2:28
already one of the buy now pay later you
2:30
know for installment kind of financial
2:32
providers you see there's a lot of
2:33
various things here keep in mind that
2:36
even though you're not going to have to
2:37
do a hard credit check here you will
2:39
have to do a soft credit check in order
2:42
to get approved for this it's not like
2:44
they're not going to do anything but
2:46
soft credit check does not affect your
2:49
credit score and it also won't go
2:52
through and actually you know it won't
2:54
appear on your credit report you'll just
2:56
get a quick soft credit check which no
2:58
one will really will really see so this
3:00
trial period is going to run till June
3:02
6th so a little over a month to test it
3:04
i'll certainly try it out when it comes
3:06
on a purchase and let you guys know how
3:07
it goes now that's the first feature
3:09
that these guys actually got a preview
3:11
of um over on X they actually uncovered
3:14
some back-end screenshots even though
3:16
the preview is not live you can see here
3:19
the installment payments right there and
3:21
this is the new send money feature so
3:22
here's the installment payments this is
3:24
the going to be the opt-in page i guess
3:26
what I'll probably see when I sign up on
3:28
April 28th now you need a Visa or
3:31
Mastercard credit card purchases um and
3:33
you can see terms and fees apply there
3:35
could be a fee here so I don't know what
3:37
the fee is and they haven't said that
3:38
yet no credit check required but again
3:41
they're talking about a hard credit
3:42
inquiry there split it will almost
3:44
certainly do a soft credit inquiry so I
3:46
think that's a little bit misleading but
3:47
if I'm wrong I'll certainly report it
3:49
when I do try it out now the other
3:51
feature which many of you may be more
3:52
excited about try to tap the wrong arrow
3:55
there is the new send money feature send
3:57
money is going to allow you to tap your
3:59
phone your Samsung wallet to the back of
4:02
another phone like your friend family
4:03
member and instantly transfer a given
4:05
amount of money this rolled out in Korea
4:07
Samsung's home country last year and now
4:10
it's coming to the US even better you
4:13
can tap your phone to a debit card and
4:16
you can also trans transfer money that
4:18
way and money goes to the bank account
4:20
connected to the recipient's debit card
4:23
that is absolutely awesome uh this is a
4:25
feature I think a lot of people will
4:27
utilize you can see send money and
4:28
installment payments will both be in
4:30
this portion of Samsung wallet which
4:32
looks like it's getting a slightly
4:33
redesigned UI you guys can see the one
4:36
that it currently has right here uh on
4:38
the main page you got the SoFi you know
4:41
money information that's right here and
4:43
on the main page you see the C deals 1%
4:46
tax back all that good stuff so it looks
4:48
like it's going to get a small redesign
4:50
this is the place where it would live
4:52
right there is where you're going to see
4:53
the installments and also the tap to
4:55
send money these other options cashback
4:57
rewards uh gift card store and Samsung
5:00
Money by SoFi are already there um now
5:03
there was another thing in Samsung
5:04
Wallet I wanted to talk to you guys
5:06
about but unfortunately it expired
5:07
before I could make a video on it we did
5:09
post an article about it so this is
5:11
another reason to bookmark the site make
5:13
sure you're you know checking the site
5:14
all the time samsung had a promotion
5:16
with Atom tickets to get a free $20
5:19
movie ticket voucher and I signed up i
5:21
actually got one on another device and
5:23
then I used this device my wife got one
5:25
on our other device and I did three taps
5:28
all you had to do is do three taps with
5:29
Samsung wallet to claim it by the time I
5:31
got it done here all coupons were
5:34
claimed so if you look down here only
5:36
2500 people were able to get it the
5:37
first 2500 per um obviously it's one per
5:40
person but really one per Samsung
5:43
account not one per household so my wife
5:45
was luckily able to claim it on her S25
5:47
Ultra by the time I did it obviously was
5:50
gone so not that many people there but
5:52
they do stuff like this all the time so
5:54
it is worth not only bookmarking our
5:55
site because we always kind of post
5:56
about these things but also checking the
5:58
banners inside Samsung Wallet for that
6:01
kind of good news well I waited so long
6:03
to edit this video that luckily I
6:06
already got access to the installments
6:08
feature the other day i'm recording this
6:09
on May 1st uh the first part of this
6:11
video was recorded like 10 days earlier
6:13
when these two new features were first
6:14
discovered uh by some leakers we talked
6:17
about that but now I have access to the
6:19
new installments feature in Samsung
6:22
wallet so now if you go into your
6:24
Samsung wallet I showed you guys before
6:27
the early access was there but I got a
6:29
message from Samsung saying that I could
6:31
sign up and now down here you see I have
6:34
installment payments available i wanted
6:37
to walk you guys through the onboarding
6:38
process when I did sign up they sent me
6:40
the email and then they prompted me to
6:42
install this new version of Samsung
6:43
wallet wallet installment payments from
6:45
the Galaxy Store it's basically a beta
6:47
version so if you're in the early
6:49
testing group which currently is only
6:50
available in the US to those who have a
6:52
Visa or Mastercard that's supported in
6:54
supported states which I talked about
6:56
earlier April 28th 2025 262.59 megs
7:00
6.062 is the version number so once I
7:03
downloaded that you see the installment
7:05
payments shows up over here as I showed
7:07
you guys in the app and we'll talk about
7:08
it more in live in a second you agree to
7:11
electronic service disclo uh
7:13
communication disclosure terms of
7:14
service privacy policy this is all the
7:16
onboarding you'll be able to see your
7:17
ongoing and completed installment
7:19
payments and then here it tells you how
7:21
to use it so this is pretty much
7:23
everything that I did in the onboarding
7:26
we can go back to the wallet on live now
7:28
this is only supported on Der Mastercard
7:30
so you see how here even though I have
7:31
it set up with my American Express card
7:34
it is not available at all but if I
7:37
swipe over you can see my debit card PNC
7:40
also not available but if you go to your
7:43
Visa card here pay installments is
7:46
available so this particular Visa card
7:48
is eligible what you're going to do is
7:50
tap this and then you'll be able to tap
7:52
pay in installments if you were in the
7:54
store pay with your fingerprint and then
7:56
it's going to give you the option after
7:58
you complete your purchase to choose
8:01
your payment plan that you want how many
8:03
installments etc now the thing that's
8:05
very unsettling to me about this is that
8:08
it doesn't actually let you determine
8:10
your payment plan the length of the plan
8:13
if you're approved or not before you
8:15
make the purchase and of course if you
8:18
are not approved for some reason after
8:20
the purchase they're going to charge the
8:22
full amount to your card this might be a
8:24
huge discouraging factor for people
8:26
utilizing this service because other
8:29
services like Afterpay Affirm PayPal Pay
8:32
and for they show you your payments and
8:34
your approval upfront also with this
8:37
particular plan you can only use instore
8:40
purchases with this installment method
8:42
you cannot use it for purchases made
8:45
online so that's also a big dissuading
8:48
factor from people using this anyway I'm
8:51
definitely going to go through make a
8:53
few purchases find out what kind of
8:54
hidden fees limits etc there are um but
8:57
I wanted to show you guys that I did get
8:58
access again you can check if you have
9:00
the early access over here um sign up
9:03
and then they'll give you an email
9:05
invite to get that beta um download for
9:08
Samsung Wallet and test it out the tap
9:10
to transfer is not yet live as you guys
9:12
could see uh when I got the beta update
9:14
that's not included just the installment
9:16
payments are there for now we also have
9:18
a full write up on this now on the
9:19
website how to use the installments and
9:21
get early access if you're interested in
9:22
the written guide again appreciate you
9:24
guys checking out this video i'll have
9:26
more on this very soon after I go
9:28
through and do some test purchases and
9:30
also see you guys in the next video
9:31
thanks a lot for watching
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