Setting up a digital wallet isn’t as difficult as you might think. And to balance the scales, we discuss a few drawbacks you need to know before you start. Why use Google Pay to accept payments at your business? We cover the many benefits Google Pay provides merchants and customers. Take a look at the chapter summaries below for a quick overview of each section, and then read on to get into the nitty-gritty details of using Google Pay for your business. If you’re considering adding Google Pay as a payment option for your customers, you’ll get all the details in this helpful guide, including why Google Pay is useful for merchants, how it works, and how it can be used. Using Google Pay has benefits for both merchants and customers. This was particularly handy during the COVID-19 pandemic when viruses were prevalent, and consumers were concerned about spreading and catching germs.
As a payment method, it offers customers convenience, ease, and speed at checkout - all of which make them more likely to complete their transactions and walk away happy.Ĭustomers can use Google Pay on Android and iOS devices to make contactless payments wherever NFC (near-field communication) terminals are available. Today, Google Pay is one of the most popular digital wallets available. To clarify, GPay - which is based on Google Pay - was developed initially for use in India and supports contactless payments as well as peer-to-peer payments. You may have also heard of GPay and wondered about GPay vs Google Pay. Google Wallet is primarily for mobile payments, while Google Pay offers mobile payments, peer-to-peer transactions, and much more. In the United States, however, Google Wallet and Google Pay are both active. In 2022, Google Wallet reemerged and has since replaced Google Pay in certain countries. In 2018, Google Wallet merged with Android Pay, and Google Pay was born. When comparing Google Wallet vs Google Pay, the main difference is that Google Wallet was primarily a peer-to-peer payment system that made it easy to send and receive money between friends and family. You may recall an app called Google Wallet, first introduced in 2011. This isn’t Google’s first product offering in this space. Google Pay, which pairs with the Google Pay for Business app for merchants, is a digital wallet businesses can use to accept payments from their customers in-store and online.
After all, the more you simplify the checkout process, the more likely customers will complete their transactions.Īmong other things, providing customers with multiple payment options is key so they can pay for goods and services using the method that works best for them. Making it easier for customers to purchase is a goal of every business.
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