What Is Google Payment?

 

Google Wallet is a mobile payment system that acts as a virtual wallet, allowing users to make payments and transfer money straight from their phones. The service is free for users and can store credit, debit, gift and loyalty card information. Available to anyone with a newer Android or Apple smartphone, Google Wallet gives users another fast way to make payments at ecommerce stores that accept it.

Mobile payments are a relatively new strategy that has the potential to greatly benefit online sales. Currently, mobile devices account for just under 50 percent of ecommerce traffic, but when it comes time for users to purchase items online, nearly 77 percent of users do so exclusively on a personal computer instead. Customers avoid making actual purchases on mobile devices because of concerns about security and the inherent difficulty of entering bank card information using a touch screen interface.

Electronic wallets look to sidestep these concerns by streamlining the mobile payment process via a secure service. Customers simply click to buy something and all of their payment info is already entered into the wallet. The fast checkout works both in-app and on participating mobile sites.

Google Wallet also gives merchants the ability to highlight special offers or discounts from their websites or emails directly to the shopper via the app. Customers can also add any gift card balances to their virtual wallets, which helps drive additional sales. According to Forrester Research, payments made with Google Wallet and other services like it are expected to top $140 billion by 2019.

How to Use Google Payment

Google Wallet is what is known as a server-side wallet, which means that all of a user’s information is stored remotely on Google’s system, rather than on the user’s device. Transactions take place between Google’s servers and the merchant’s existing payment processor.

It acts somewhat like a gift card: users place a set amount of money into the wallet they can then spend as desired. As far as the user’s bank is concerned, the transaction Google Wallet is a mobile payment system that acts as a virtual wallet, allowing users to make payments and transfer money straight from their phones. The service is free for users and can store credit, debit, gift and loyalty card information. Available to anyone with a newer Android or Apple smartphone, Google Wallet gives users another fast way to make payments at ecommerce stores that accept it.

Mobile payments are a relatively new strategy that has the potential to greatly benefit online sales. Currently, mobile devices account for just under 50 percent of ecommerce traffic, but when it comes time for users to purchase items online, nearly 77 percent of users do so exclusively on a personal computer instead. Customers avoid making actual purchases on mobile devices because of concerns about security and the inherent difficulty of entering bank card information using a touch screen interface.

Electronic wallets look to sidestep these concerns by streamlining the mobile payment process via a secure service. Customers simply click to buy something and all of their payment info is already entered into the wallet. The fast checkout works both in-app and on participating mobile sites.

Google Wallet also gives merchants the ability to highlight special offers or discounts from their websites or emails directly to the shopper via the app. Customers can also add any gift card balances to their virtual wallets, which helps drive additional sales. According to Forrester Research, payments made with Google Wallet and other services like it are expected to top $140 billion by 2019.

Google Wallet is what is known as a server-side wallet, which means that all of a user’s information is stored remotely on Google’s system, rather than on the user’s device. Transactions take place between Google’s servers and the merchant’s existing payment processor.

It acts somewhat like a gift card: users place a set amount of money into the wallet they can then spend as desired. As far as the user’s bank is concerned, the transaction

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