![]() Google Pay is projected to add 10.2 million customers between 20, according to TechCrunch. For merchants, offering Google Pay is a simple way to capture more sales with minimal investment. Google Pay started as Google Wallet, a peer-to-peer payment system (like Venmo or PayPal) for sending and receiving money to friends and families. In 2018, Google Wallet merged with Android Pay to become Google Pay. Today, Google Pay is a digital wallet that allows users to send and receive money, store card information and use that information to pay for items in apps, in stores and online. It’s a very similar product to Apple Pay (and potentially Apple Pay’s biggest competitor).Īs a contactless payment, Google allows customers to pay for their items using an app on their smartphone or smartwatch. It works the same way as Apple Pay, but for Android users. A customer simply downloads the Google Pay app onto their Android device, adds a debit or credit card, verifies the card information, and saves it. Then, the customer can use the Google Pay checkout option when making a purchase online or in person. There are many similarities between these two mobile payment options. Both Google Pay and Apple Pay allow users to upload credit, debit, prepaid and loyalty cards. They also work seamlessly with a near-field communication (NFC) reader to complete a secure, contactless transaction. One notable difference is in which devices are able to use Apple Pay vs Google Pay. ![]() Google Pay works on most NFC-enabled Android smartphones and watches, but it also offers an app for the iPhone. Apple Pay limits its product to Apple customers only. Google Pay does not require a customer to open the Google Pay app to complete a transaction. Users simply hold the device near the contactless payment reader.
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