Connect with us

Hi, what are you looking for?

The American GeniusThe American Genius

Tech News

Send money through email using Google Wallet

Google is switching things up and Google Wallet is replacing Google Checkout and users can now send money right from their Gmail inbox.

google wallet

google wallet

Google Wallet is pretty easy

Google is officially expanding the payment possibilities for ecommerce with the launch of its newest product through Google Wallet. This simple feature in your email allows you to send money to anyone from a linked bank account for free. For a small fee of 2.9% you can also use a linked debit or credit card. No downloads, no long process to set up like PayPal and others.

There’s even options to send money with your mobile phone or if you don’t have a Gmail account. Google provides robust security of the system and states all transactions are monitored. Google also offers a Wallet Purchase Protection but with some caveats. The protection is not applicable to Youtube or Google properties; you have to contact their customer service teams directly to resolve issues. Also not covered are wrong transaction amounts or anything resulting from user errors.

Google provides guidelines for safe usage of this new service, including providing information about fraudulent merchants. Spoofed invoices are one area of weakness for the product and Google says these invoices are commonly “related to fraudulent vehicle, boats, pianos or tractor purchases, where the scammer persuades the buyer that the high-cost purchase will be protected by Google Wallet. However, the transaction is fraudulent and has nothing to do with Google Wallet.”

Google Wallet is taking the place of Google Checkout

Unfortunately, as a result of this change, Google Wallet will no longer support physical product sales and merchants will need to find other payment methods. It’s not known if that feature will come available in the future. Google Checkout will officially shut down on November 20, 2013, giving merchants time to find an alternative. Google does provide links to three popular services for these businesses and individuals including Freshbooks, Braintree Payments, and Shopify.

Advertisement. Scroll to continue reading.

This change comes as an obvious bid by Google to jump into the growing and as yet, untapped potential, of mobile transactions. Major payment processors like PayPal, Intuit and Flint are all working to capture this market as well.

Additionally, Google offers a loyalty program through Google Wallet for businesses to help increase customer engagement. The program allows instant signup and live updates. Most beneficial however, is the ability to communicate with existing members of the program, something non-digitized loyalty programs lack.

Once again, Google’s ability to innovate in a timely manner and provide solutions is showcased through this new product. The product will be rolled out to users throughout 2013 and can be seen as a $ sign in the bottom menu of an email message.

Advertisement. Scroll to continue reading.
Written By

Charity Kountz is an award-winning fiction and nonfiction author as well as a Realtor and certified Paralegal. Her writing has been featured in Coldwell Banker, iPhone Life, Strategy magazine, Duck Soup magazine, and more.

Click to comment

Leave a Reply

Your email address will not be published.

AdBlocker Message

Our website is kept FREE to you by displaying online ads to our visitors. Please consider supporting us by disabling your ad blocker OR subscribing to our email newsletter: https://theamericangenius.com/get-american-genius-newsletter/

The
American Genius
news neatly in your inbox

Subscribe to our mailing list for news sent straight to your email inbox.

Advertisement

KEEP READING!

Business News

(BUSINESS) Google's Search Advocate, John Mueller, says that AI-generated content is against webmaster guidelines. What does mean for content strategy?

Tech News

(TECHNOLOGY) Human-level AI is on the horizon, according to a lead researcher at Google’s DeepMind. What does this mean for the future?

Business Marketing

(MARKETING) Despite sexier emerging trends, the reality is that you can’t build out a successful online presence and marketing strategy without SEO.

Business News

(TECHNOLOGY) Amazon Prime makes online shopping a breeze with one-click purchases and fast delivery. Now, benefits are expanding to 3rd party sites!

The American Genius is a strong news voice in the entrepreneur and tech world, offering meaningful, concise insight into emerging technologies, the digital economy, best practices, and a shifting business culture. We refuse to publish fluff, and our readers rely on us for inspiring action. Copyright © 2005-2022, The American Genius, LLC.