With the tremendous growth of the internet and digitalisation, the use of online payment methods has drastically increased. People are reluctant to carry cash and handle transactions that require physical goods to be carried around. After all, when everything is possible on the smartphone with a few taps, why would someone put up with an additional hassle? One of the most common methods of payment all over the world has been PayPal & Payoneer for quite a long time.
Google Pay is one such payment method that is gaining a lot of hype these days. As long as you have an NFC chip running Android version 4.4 KitKat or higher, you can use Google Pay. Making purchases at any physical store using just your smartphone has never been easier!
CVS, Subway, Best Buy, etc. are some of the merchants in the US that support Google Pay. HotelTonight, Airbnb, and Wish are some of the online businesses compatible with Google Pay. As long as there is a contactless payment terminal, you can use it in any store. Here is a detailed guide to this payment service. It includes the banks supporting it, the competition, and how you can use it.
How To Use Google Pay?
Using Google Pay is easy and free of hassles. First, set up the payment system on your phone. Usually, it doesn’t take more than a few minutes. Download the app from the Play Store or App Store and launch it. Give the necessary camera permissions to enable easy scanning of your debit or credit cards into the system.
Once you are done with it, you are ready to use Google Pay in stores. But first, turn on your smartphone’s NFC services. If you are puzzled about how to go about this, do a Google search to gain more information on this. However, most smartphones these days have NFC turned on as a default service.
Unlock your phone when you are about to make a purchase at a store. For a few seconds, keep the back of your phone close to the card terminal. Consult the cashier if you need aid with positioning your device. Every terminal has a different spot for placing your device.
Once your device is against the terminal, it will pay securely for your purchase by wirelessly communicating with the machine. A blue checkmark appears on your phone’s screen along with a series of animations. Once all this appears, you are all set and your purchase is complete!
You either have to sign the receipt or enter a pin number depending on the amount you are spending.
How To Use Google Pay — Step-By-Step Instructions For Beginners
- Unlock your phone and make sure you have turned on the NFC.
- For a few seconds, hold the back of your phone in close proximity to the card terminal.
- Wait for a while till the payment completes. When it’s done, a blue checkmark will appear on your phone’s screen.
- If needed, sign a receipt or enter your PIN.
- It’s done….!!!
You can also pay via Google pay for online shopping or when you are using apps such as Uber and Airbnb. If the merchant supports this payment method, all you need to do is select Google Pay during checkout.
Which Banks and Countries Support Google Pay?
More than 1100 banks in America support Google Pay. Some big players include Chase, Bank of America, and Citibank. If you wish to see the whole list, check out Google’s support page. In addition to the US, 27+ countries mentioned below also accept Google Pay.
- Czech Republic
- Hong Kong
- New Zealand
- United Arab Emirates
- United Kingdom
There are many users of Google Pay in India as well. But using it is totally different than it is in other parts of the world. Similar to Venmo and PayPal, Google Pay lets users send money to others just by using their phone number or e-mail address. However, you can use of this feature only if you have Android 5.0 Lollipop or higher.
Google Pay vs Competition
Google Pay’s biggest rivals include Samsung Pay and Apple Pay. But we can consider Samsung Pay to be slightly behind as it is available in only 24 countries. It uses magnetic secure transmission (MST) besides NFC. A traditional payment card has a magnetic strip. This technology imitates this strip. This means that unlike Google Pay, Samsung Pay works with almost all payment terminals that are out there. But this payment method works with limited Samsung devices including Galaxy S9, Note 9, S8, and Note 8.
At present, Apple Pay runs in 33 countries. It’s quite ahead of both platforms, Samsung Pay as well as Google Pay. However, the reach of Apple Pay is limited considering that it’s not available on all the Apple devices. Just like Google Pay, it uses NFC for data transfer. However, Apple Pay doesn’t support MST technology.
Google Pay Hacks & Tricks
- If you are a new user then you will get more rewards and Cashback offers than old users on Google pay.
- Never scratch more than 1 scratch card on Google pay. It will definitely help you to get more rewards on daily basis.
- After joining Google Pay, You can earn $10 referral bonus each time when you refer a new user.
Google Pay has a lot of potential in the near future as it’s available on a wide range of Android devices. It offers convenience and the ability to transfer funds to anyone on the go. No need to carry a physical credit card to most of the stores as long as you have set up Google Pay on your Android smartphone. It’s becoming increasingly popular in different countries. This makes the likelihood of more and more countries offering this as their go-to payment method higher.
Moreover, in India, Google Pay became really popular and that too very quickly. After the Paytm, it is probably one of the most highly used online payment methods in India. More and more local stores are offering Google Pay as their primary payment method. The same goes for many other countries as well. If they keep their security systems intact and maintain the ease of use for customers, the use of Google Pay will keep on rising.
Video Credit – CNET
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– Last Updated – April 26, 2021