Can My Friend Send Me Immediate Money On Paypal
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| Developer(s) | |||||
|---|---|---|---|---|---|
| Initial release | May 26, 2011 (2011-05-26) | ||||
| Final release(s) [±] | |||||
| |||||
| Platform | Android, iOS, Web platform | ||||
| Successor | Google Pay | ||||
| Bachelor in | 6 languages | ||||
| List of languages English, French, German, Italian, Portuguese, Spanish[3] | |||||
| Website | pay | ||||
Google Pay Transport, previously known as Google Wallet, was a peer-to-peer payments service adult by Google earlier its merger into Google Pay. It immune people to send and receive money from a mobile device or desktop computer.
In 2018, Android Pay and Google Wallet were unified into a single pay system called Google Pay.[4] The old Wallet app was rebranded Google Pay Transport,[v] earlier information technology was discontinued equally well in 2020.it was discontinued too in 2020.[6]
Service [edit]
Google Pay is structured to allow its patrons to ship coin to each other. To send money, a Google Pay user enters the email address or telephone number of the recipient. The recipient must and so link that telephone number or email address to a bank account in order to access those funds. If the recipient too has a Google Pay business relationship, the funds will post to that business relationship direct.
Users can link upwards to two bank accounts when the Wallet account is created.[seven] Received money goes to the Google Pay Rest and stays there until the user decides to cash out to a linked account.
The Google Pay app is available for complimentary from either Google Play or the App Shop. Later downloading the app, the user creates a four-digit personal identification number (PIN) for managing everything within their Google Pay account. The PIN verifies access to the Wallet app on the user'due south mobile device.[8]
Before it was discontinued on June 30, 2016, the Google Wallet Carte was recognized by the Cirrus network operated by MasterCard (rather than the Plus network operated by Visa).[9]
In September 2017, Google launched its first major payments service exterior the United States, in Tez,[ten] [xi] India.
Regional availability [edit]
Google Pay Ship is available but in the U.s. and Bharat .[12]
History [edit]
Early on history [edit]
Logo of former Google Wallet brand, used in 2015.
Google demonstrated the original version of the service at a press conference on May 26, 2011.[13] The first app was released in the US simply on September xix, 2011.[14] Initially, the app only supported Mastercard cards issued by Citibank.
On May 15, 2013, Google announced the integration of Google Wallet and Gmail, allowing users to send money through Gmail attachments.[15] While Google Wallet is available simply in the United states of america, the Gmail integration is currently available in the U.S. and the United Kingdom.[16]
The Google Wallet card earlier 2015
The concrete Google Wallet Menu was an optional improver to the app which allowed users to make purchases at point-of-sale (in stores or online) cartoon from funds in their Google Wallet business relationship, attached debit bill of fare account, or bank account. The card could also be used to withdraw greenbacks at ATMs with no Google-associated fee, and could be used similar a debit card for virtually any purpose, including such things as renting a car. The Wallet Card was discontinued on June xxx, 2016, and replaced with Android Pay.[17] [xviii]
The original version of Google Wallet immune users to make point-of-sale purchases with their mobile devices using near-field advice (NFC) technology. As of September 2015, however, Google dropped NFC from Google Wallet, offer the technology only through Android Pay, which is a split up awarding available only to Android users. Equally a result, any gift cards, loyalty programs, and promotional offers stored in an older version of Google Wallet could no longer be used. For Android users, those outstanding offers and souvenir cards were automatically transferred to Android Pay. For iOS users, instructions were provided to export the offers for alternative utilize.[19] [twenty] At that place were no reported security bug with the NFC technology.[21]
Distinction from Android Pay [edit]
On February 23, 2015, Google announced that it would acquire the intellectual property of the carrier-backed competitor Softcard and integrate it into Google Wallet, and that American mobile network operators AT&T Mobility, T-Mobile US, and Verizon Wireless would bundle the Google Wallet app on their compatible devices. The effective merger resulted in the new service known every bit Android Pay, a competitor to Apple Pay and similar NFC mobile payment service.[22] [23]
Separate from Android Pay, Google Wallet at present allows peer-to-peer transactions for cases such as when people desire to split the cost of shared expenses, reimburse each other, keep track of articulation spending, or give money as a gift or loan.
While Android Pay is only available to Android users, Google Wallet is bachelor on iOS and via Gmail equally well. For those using Android, the 2 products together (Android Pay and Google Wallet) offering a comprehensive payments management organization, a "tool for staying in charge of the banking concern account."[xix] Users can link their bank accounts or debit cards to Android Pay and to their Google Wallet app. With this approach, users can manage their money from ane source, with the ability to:
- Pay at point-of-auction by tapping their phone (via Android Pay)
- Ship and receive coin to other individuals for free (via the Google Wallet app)
- Continue rail of spending (through the optional Google Wallet Bill of fare)
Business organisation model [edit]
Google does non accuse users for access to Google Wallet. Sending and receiving money is gratis, as is adding coin to a Wallet Carte du jour through a linked bank business relationship. There are limits on how much money users tin add to their Wallet Remainder, withdraw from the linked account or card, or send and receive to other individuals. These limits are set per transaction and inside certain time periods. Previously, a two.9% fee applied to funds added via debit menu, although Google dropped that ability as of May two, 2016.[24]
Funds sent from a Wallet residuum, debit carte, or linked bank account are generally available to the recipient immediately, and if the recipient has his or her own Wallet account and bill of fare, he or she can brand an immediate withdrawal of those funds from an ATM. If the funds are drawn on the sender'south Wallet balance, the balance will also reflect this modify immediately. Any portion of funds drawn via a linked bank account will accept two or three days to actually post to that account, though these funds will prove as "awaiting" withdrawals on that business relationship within 24 hours.[24]
While Google does not have revenue coming in from the Wallet ecosystem (the spider web service, app, and the Wallet Card), the product is office of a larger suite of e-commerce products, including Android Pay, which integrates loyalty programs and promotions from other businesses.
Security [edit]
Google Wallet protects payment credentials by storing user data on secure servers and encrypting all payment information with manufacture-standard SSL (secure socket layer) technology. Full credit and debit card information is never shown in the app.[25] All Google Wallet users are likewise required to have a Pivot to protect access to their Wallet account. The payments Pin is used for:
- Gaining access to the Google Wallet app on a mobile device
- Making bespeak-of-sale purchases with a Google Wallet Card
- Withdrawing cash with a Google Wallet Card at an ATM
Google also recommends having a general passcode on mobile devices for additional security.
In some cases, users accept to verify their identity in order to make certain transactions. If prompted to do so, the user will visit the Wallet website and follow steps to ensure their accurate identity. This is in adherence with US Federal Deposit Insurance Corporation financial regulations that require payment providers to ensure client identity.[8]
If a Google Wallet Card is lost or stolen, users tin immediately cancel access to it by signing into myaccount.google.com. Google as well offers the additional flexibility of temporarily locking the menu if a user suspects that the carte du jour has only been misplaced. In the event of unauthorized transactions, Google Wallet Fraud Protection covers 100% of verified unauthorized transactions made in the US reported within 120 days of the transaction. Only US residents who have Wallet accounts associated with a United states of america address are eligible for coverage under this policy.[26]
Criticism [edit]
Regarding an before version of Google Wallet (in 2012), an analysis by security company Nowsecure revealed that some card information stored by Google Wallet was accessible exterior of the application. Information technology is suggested that hackers could create a fashion to intercept information by eavesdropping on Google Analytics, which monitors apps used on the Android Bone. A previous analysis by the same firm revealed a number of other exploits that accept since been fixed.[27]
Privacy [edit]
Privacy concerns include the storing of data regarding payment information, transaction details, payment attempts and other information stored by Google indefinitely. The privacy policy for Google Wallet, chosen the Google Payments Privacy Notice, indicates that much of the data is stored just may not be shared outside Google except under certain circumstances.[28] Information that may exist collected upon signing upwards includes credit or debit menu number and expiration engagement, accost, telephone number, date of birth, social security number, or taxpayer ID number. Data that may be collected nearly a transaction fabricated through Google Wallet includes date, fourth dimension, and amount of transaction, merchant'southward location and description, a description of goods or services purchased, any photo the user associates with the transaction, the names and e-mail addresses of sender and recipient, the type of payment method used, and a description of the reason for the transaction if included.[29]
The storage of such personal information nearly users' transactions is of significant fiscal value to a visitor that earns much of its acquirement from data, merely may be controversial to users aware of the policies.[30] Information collected is shared with Google's affiliates, meaning other companies owned and controlled by Google Inc., which can be used for their everyday business purposes. They provide the selection to opt out of certain sharing capacities with these affiliates. Google states that it will but share personal information with other companies or individuals outside of Google in the following circumstances:[29]
- As permitted nether the Google Privacy Policy
- As necessary to process your transaction and maintain your account
- To complete your registration for a service provided by a third party
PayPal lawsuit [edit]
Shortly after the launch of Google Wallet's first iteration in 2011, PayPal filed a lawsuit against Google and two quondam employees of PayPal – Osama Bedier and Stephanie Tilenius. The complaint alleged "misappropriation of trade secrets" and "breach of fiduciary duty". The lawsuit revealed that Google had been negotiating with PayPal for ii years to power payments on mobile devices. Only simply as the deal was near to be signed, Google backed off and instead hired the PayPal executive negotiating the bargain, Bedier. The lawsuit noted that Bedier knew all of PayPal's futurity plans for mobile payments, besides every bit an internal detailed analysis of Google's weaknesses in the area. Not only that, it accused him of storing "confidential information in locations such as his not-PayPal computers, not-PayPal email account, and an account on the remote calculating service called 'Dropbox'."[31]
Google ran a competitor to PayPal, Google Checkout, from 2006 to 2013. In 2011, Google Wallet replaced Checkout's services, and evolution on Checkout was discontinued in 2013.[32]
See as well [edit]
- Apple Pay
- Apple Wallet
- LG Pay
- Microsoft Pay
- Samsung Pay
- Square cash
- Venmo
References [edit]
- ^ "Google Pay Send". APKMirror. Android Police. March 11, 2018. Retrieved March 11, 2018.
- ^ "Google Pay Transport on the App Store". App Store. Apple tree Inc. March 11, 2018. Retrieved March 11, 2018.
- ^ "Google Pay Transport on the App Shop". Apple. Retrieved March 12, 2018.
- ^ Nieva, Richard; Bennett, Brian (Jan viii, 2018). "Google merges payment platforms under Google Pay brand". CNET. CBS Interactive. Retrieved Jan 8, 2018.
- ^ "Google Pay Transport now starting to replace Google Wallet". Android Key. February 22, 2018. Retrieved February 23, 2018.
- ^ Vonau, Manuel (June 30, 2020). "Google Pay Send mysteriously returns to Contacts, only is still unavailable in Assistant, Gmail, and Messages". Android Police. Archived from the original on July ane, 2020. Retrieved April 23, 2022.
- ^ "Add a bank account - Wallet Aid". Google Inc. Retrieved February eight, 2016.
- ^ a b "Gear up your Wallet app - Wallet Assist". Google Inc. Retrieved February 8, 2016.
- ^ "Welcome to a new Google Wallet". Google Commerce . Retrieved February 8, 2016.
- ^ Olson, Parmy. "Google Pitches A Mobile Wallet To India'south 300 Million Smartphone Users". Forbes . Retrieved September 22, 2017.
- ^ Lunden, Ingrid. "Google debuts Tez, a mobile payments app for India that uses Sound QR to transfer money". TechCrunch . Retrieved September 22, 2017.
- ^ "What is Google Pay Send?". Google Inc. Retrieved July 22, 2018.
- ^ UTC, Christina Warren2011-05-26 12:00:29. "Google Reveals Mobile Payment System: Google Wallet". Mashable . Retrieved Feb viii, 2016.
- ^ "This Day in Tech: Google Wallet launches". CNET . Retrieved February 8, 2016.
- ^ "Attach Real Money in Gmail with Google Wallet | Webmasters". W3Reports . Retrieved February 8, 2016.
- ^ "Send money through Gmail with Google Wallet - TNC". TNC. Archived from the original on April 16, 2017. Retrieved Feb eight, 2016.
- ^ "Your Wallet Card - Wallet Assist". Google Inc. Retrieved July 21, 2016.
- ^ "Google Confirms The Physical Google Wallet Bill of fare Is Going Away On June 30th". Retrieved April xvi, 2016.
- ^ a b "Android Pay vs. Google Wallet: What'southward The Deviation?". Tech Times. September vii, 2015. Retrieved Feb eight, 2016.
- ^ "Google Wallet relaunches every bit a Venmo and Foursquare Greenbacks rival". The Verge . Retrieved February 8, 2016.
- ^ Olivarez-Giles, Nathan (September 10, 2015). "Android Pay Goes Live, Google Wallet Becomes Cash Bandy App". WSJ Blogs - Personal Tech News . Retrieved February 8, 2016.
- ^ "Google Wallet will before long come pre-installed on Verizon, AT&T, and T-Mobile Android phones". The Verge . Retrieved February viii, 2016.
- ^ "Google Wallet, Softcard partner to take on Apple Pay". CNET . Retrieved February 8, 2016.
- ^ a b "Fees, limits & transfer times - Wallet Help". Google Inc. Retrieved April sixteen, 2016.
- ^ "Google Wallet". Retrieved Feb 8, 2016.
- ^ "Google Wallet". Retrieved February viii, 2016.
- ^ Kevin Fogarty, Even afterward rewrites, Google Wallet retains gaping security holes, mainly due to Android, itworld, February 10, 2012.
- ^ "How Google Wallet uses credit carte numbers – Privacy & Terms – Google". Retrieved February 8, 2016.
- ^ a b "Privacy Observe". Retrieved February viii, 2016.
- ^ Harley Geiger, NFC Phones Raise Opportunities, Privacy and Security Issues, Centre for Democracy and Applied science, Apr xi, 2011.
- ^ Schonfeld, Erick (May 26, 2011). "PayPal Lawsuit Confronting Google Reveals Recruiting Saga and a Bargain Gone Sour". TechCrunch . Retrieved May 27, 2011.
- ^ "Google will officially retire its Checkout service on November 20, urges The states merchants to consider Google Wallet". The Side by side Web. Retrieved December 6, 2016.
External links [edit]
- Google Pay Send
Source: https://en.wikipedia.org/wiki/Google_Pay_Send
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