Google Pay, the payment platform of the future.
Learn why Google Pay is different from other mobile payment solutions.
There are many new mobile payment platforms available for businesses to receive or give payment nowadays, but what makes Google’s ‘G-Pay’ platform so great?
Well, for one thing, it is free and most people, especially small businesses, love free solutions. Another reason is that millions of people already use Google which makes it even easier for them to pay businesses. Google Pay incorporates Google Chrome’s autofill feature making it the simplest way to make payments quickly. G Pay allows users to store most of their credit, debit, and gift cards on the app and even allows users to store their loyalty cards, making it easy to manage reward points.
This mobile payment processing app uses near-field communication technology, NFC, to transmit credit card information between the user’s mobile phone to the card reader as long as the reader is compatible and accepts Google Pay. All a user has to do is simply hold their phone to the card reader to complete their purchase. Google even states that they are not charging transaction fees for purchases made with their Google Pay app.
Many people already use Android Pay or Google Wallet and wonder if they will need to download a completely new app and re-upload all of their payment and loyalty cards. The great thing about Google Pay is you don’t have to download a whole new app or re-upload all of your credit, debit, gift or loyalty cards. The only requirement is to update your Android Pay or Google Wallet app to reveal the new Google Pay name.
The benefits of Google Pay for businesses is extensive. One benefit is that people lose their wallets and cards all the time, but people are very careful about not losing their phones because their whole life is on it. If someone leaves their house and doesn’t realize they’ve forgotten their wallet until they’re at the counter, now they can just use their mobile payments app to make the purchase. Google Pay opens up businesses to more business.
Advantages of Social Media Platform Payments
The greatest benefit of social media platform payments is that they’re seamless and inexpensive. As a business owner, you can easily integrate your payment platform into social media payment platforms like Snapcash and Google Pay. Also, most social platforms are free to use making them even more worth trying. Social media payment platforms don’t charge fees for transferring funds between banks or processing domestic payments making them very popular for all types of businesses.
Another benefit of social media platform payments is that they allow you, as a business owner, to stand-out from competitors by helping you grab the attention of customers which increases engagement and satisfaction. Customer like mobile payment solutions like social media platform payments because they can see what their friends have been up to and they encourage connection and engagement throughout the transaction process allowing them to easily split bills.
Mobile payment platforms are on the rise but what makes Google Pay different is that most people already use google, it incorporates autofill, it uses NFC, and it is accepted by hundreds of businesses and that list is rapidly growing.