A digital wallet and payment system from Google is called Google Pay. Users may use their Android smartphones to pay for purchases both online and in physical stores, as well as on websites, mobile applications, and services like the Google Play Store. User accounts are linked to credit or debit cards, which are used to complete transactions for both in-person and online purchases. Near field communication (NFC) is a technology on Android smartphones employed to communicate with payment terminals. Users may complete transactions using the websites that accept the service by logging into their Google account in the Chrome browser.
Background
Google Wallet, the first mobile payment system offered by the company, was introduced in 2011 for use on Android-based handheld devices. After being renamed Android Pay in 2015, Google Wallet became exclusively dedicated to peer-to-peer (P2P) financial transactions. In 2018, it was announced that Google Wallet will be consolidated with the company’s other payment alternatives and rebranded as Google Pay. Use the app on your Android smartphone to make purchases using contactless payment methods. Access to the peer-to-peer functionality and account information is available on iOS devices. When it comes to conducting NFC payments with an iPhone or Apple Watch, however, only Apple Pay is compatible with this particular use case.
Google Pay usage
There are hundreds of banks and payment processors that the Google Pay service works with. Support is specifically requested for cards from Visa, MasterCard, Discover, and American Express. If users have any questions regarding their specific bank’s compatibility with Google Pay, they should contact that institution. The user page also has a country-by-country list of banks that are supported. A list of featured retailers and public transportation providers that accept the app may be found on the Google support website. On a terminal, users should check for the Google Pay or contactless payment sign. Users must have the app downloaded on their smartphone and have connected a card to their account before they can make a purchase. The list of prior transactions is stored in one’s account after using the account for subsequent retrieval and record-keeping.
Google Pay security
Produces an encrypted number that is one of a kind rather than documenting the transaction using your actual credit card number. In addition, this virtual account number gets removed from the user’s smartphone whenever the user turns off the screen lock feature on their device. If necessary, the “Find My Device” feature of Google can be used to remotely delete personal information from a device that has been lost or stolen. Users can log in to their accounts from a variety of devices and disconnect any cards or bank accounts that are associated with their accounts.
Google Pay Send
The peer-to-peer payment feature of this app is called Google Pay Send. By entering their phone number or email address, users may utilize the service to transfer money to friends or other connections. The recipient of the funds must associate the phone number or email with a bank account. Or, if they already have an account, money will be transferred right there. Through the app website or the app for Android or iOS, payments can be sent without incurring any fees. Similar to Venmo or Zelle, Google Pay Send enables you to send money and receive payment from others. Group expenses can also be split, and Google Pay will keep track of who is responsible for what. The amount of money you can send using this feature is restricted by Google. More than $10,000 can’t be sent in a single transaction or a span of seven days. You must link a debit card or bank account to your app to use Pay Send; you cannot send or receive money using a connected credit card.
