Google Pay uses tokenization, which means that a customer’s debit or credit card information isn’t shared with a business - only an assigned token number is. Pro: Layers of securityīoth businesses and customers alike care about security when it comes to online payments, and Google Pay takes security seriously. Keep in mind that the price of NFC terminals can start around $50 and go up to hundreds of dollars, depending on quality and features. If your business doesn’t have an NFC terminal, then your customers won’t be able to make payments using Google Pay in person. When it comes to in-person payments, Google Pay requires near field communication (NFC) technology to work. With Google Pay, users can also make payments online through a website as well as through an app, so it provides a lot of flexibility to both businesses and customers. One of the greatest benefits of Google Pay is that it’s widely compatible with both Android and iOS devices, so most customers who have those types of smartphones have access to Google Pay. Here’s some balanced information you need to know about Google Pay before you decide to accept it as a payment option.

The app makes it possible for customers to use their smartphones to pay for goods and services. Like other digital wallets, Google Pay was designed to make the checkout process fast and easy.

In this article, we consider the pros and cons of Google Pay - a popular digital wallet - so you can assess the value of this payment method for both you and your customers.

A fair evaluation of a payment provider involves doing a lot of research and looking at both its benefits and drawbacks to determine whether it’s right for your business. For most business owners, making the decision to add a new payment method isn’t easy.

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