If you are using an Android smartphone or tablet, you should already know what Google Pay is. Google Pay is an electronic wallet system and internet payment platform developed by Google to empower consumers to make secure purchases in-store, on the go, and at home. With Google Pay, a consumer’s private information – including their credit card number – is protected even more by using a password as a key element for online purchases. Consumers can use their credit cards for purchases over the internet securely and privately without worrying about giving out their credit card details, which keeps Google’s customers’ private information safe from hackers and other people who could misuse it.
In order to take advantage of Google Play, all that’s needed is an Android smartphone or tablet, an account linked to a bank or a reputable online financial institution like PayPal, Google Pay, Chase, or Discover, and a way to store and manage money (a bank account, a Google wallet account, or a linked debit or credit card). Once the user has set up their Google account, they can begin using it to pay for items they have purchased – simply tapping the “buy it now” button or tapping the “order it now” button from any location where an Internet connection is available. The system is designed to seamlessly integrate with the user’s existing payment apps so that merchants don’t need to change their systems. Consumers can also use Google Pay to pay for items purchased off the phone – again, simply swiping their card or using a linked debit or credit card. The transaction history of each purchase is listed in real-time for browsing later.
To make purchases with Google Pay, consumers must have an account linked to a bank or a reputable online financial institution like PayPal, Google Checkout, or Chase or Discover. Once the user has established an account with these providers, they can choose how they want to pay for their purchases. They can either use a tap-to-pay option where the transaction history of items is listed on the website, or they can opt for a peer-to-peer method where the buyer and seller do not have an actual electronic transaction between themselves. Each option costs the buyer a small fee, but many people opt for this type of payment method because it is less invasive. This is true especially when there are multiple parties involved in the transfer, such as buyers and sellers, friends and family, and employers.
In contrast to the more conventional methods of buying and selling, using Google Pay does not require the buyer to accept the sale as an online transaction. When purchasing something through a traditional app, the buyer should be ready to accept the sale and give permission for the transfer to go through. Users only need to allow Google Pay to transfer funds once they have given permission for the transaction to go through.
Another advantage to using Google Pay is that consumers can avoid the hassle of having to remember multiple credit card numbers. Instead of entering each card number by hand to process their purchase, they can just go through the one payment process using their Google account. They can check their bank accounts and their credit cards to see if they have accepted the payment. And then they just take care of the rest.
Many consumers are still unfamiliar with how Google Pay works. The company explained that they make it easy for people to shop online through their app. To add money to their online shopping cart, users only need to check a box that says “Google pays you!” and their money will be deposited into their account the next day. They allow the user to pay other people through the app as well, though they recommend that the person only use it to pay for their items and not for other online transactions, like selling items and receiving payments.
The idea of making the payment process safe and secure seems very appealing to many consumers. After all, security is one of the concerns that people have when they deal with online businesses. Google Pay simplifies the security process so that no one has to share their PayPal or credit card information. It also makes it easy for the buyer and seller to communicate with each other. It eliminates the need to type in credit card or bank information over again.
There is no way to know how long Google Pay will be around, or whether or not it will be a success. Right now, it is still in the testing stages, so it could be a while before we start seeing the full benefits. But if it helps people spend less time standing in lines at the grocery store, then they’ll probably stick with the program. In Google’s eyes, the more shoppers they have shopping online, the more they’ll gain from this app. It’s also a very convenient app to use if you already use an online shopping site or app.