Slashdot Mirror

← Back to Stories (view on slashdot.org)

Google Rebrands All Its Payment Solutions As 'Google Pay' (arstechnica.com)

Posted by BeauHD on from the fifth-times-a-charm dept.

An anonymous reader quotes a report from Ars Technica: Google just announced that it is merging all of its various payment programs into a single brand, called "Google Pay." Google Pay will be a one-stop shop for all your Google Payment needs: NFC smartphone payments, P2P transfers, and Web payments. Google's payment solution site has already clicked over to the new branding, and we'd guess a rebrand of the Android Pay app won't be far behind. The branding should start popping up on store credit card machines, too. So "Google Pay" is the new brand for every kind of payment Google offers -- all without the platform-specific branding problems of Android Pay. Google says this is "just the first step for Google Pay" and it "can't wait to share more."

9 of 69 comments (clear)

  1. I use this thing called Cash by WillAffleckUW · · Score: 2

    It's legally accepted anywhere for all payment of debts and transactions.

    It has no surcharge.

    It has no interest rate to use it.

    And it has the signature of a Bond Villain on it!

    --
    -- Tigger warning: This post may contain tiggers! --
    1. Re:I use this thing called Cash by taustin · · Score: 2

      Can you provide me with a detailed HowTo for paying Google in cash for my Drive account?

    2. Re:I use this thing called Cash by Lunix+Nutcase · · Score: 3, Informative

      Business don’t have to accept cash...

      This statute means that all United States money as identified above are a valid and legal offer of payment for debts when tendered to a creditor. There is, however, no Federal statute mandating that a private business, a person or an organization must accept currency or coins as for payment for goods and/or services. Private businesses are free to develop their own policies on whether or not to accept cash unless there is a State law which says otherwise. For example, a bus line may prohibit payment of fares in pennies or dollar bills. In addition, movie theaters, convenience stores and gas stations may refuse to accept large denomination currency (usually notes above $20) as a matter of policy.

      https://www.treasury.gov/resou...

      This is easily findable in about 10 seconds...

    3. Re:I use this thing called Cash by SoulMaster · · Score: 2

      As noted above, this is directly from the treasury:

      There is, however, no Federal statute mandating that a private business, a person, or an organization must accept currency or coins as payment for goods or services.

      https://www.federalreserve.gov...

      If you have a case you're citing where SCOTUS required cash payment, then cite it. Otherwise, you are wrong. Businesses absolutely do not have to accept cash.

      More info here https://www.patriotsoftware.co... :

      Can a business refuse cash?
      Federal law makes U.S. currency a legal tender for paying debts. As a small business owner, you must accept dollars for your products or services. This doesn’t mean paper notes. You can accept electronic dollars as payment.

      Private businesses can create their own payment policies, including ones that restrict cash payments. You can say that customers must pay with a credit card, check, or money order. You can also ban large bills at your business.

      Bottom line—you can accept payments in whatever form you want. Here’s why:

      No federal law requires businesses to accept cash.
      You only need to accept cash when someone owes a debt. If the customer pays before you provide the product or service, you don’t have to accept cash.
      You need to establish a cash payment policy before a transaction occurs. You can’t change your policy mid-transaction or refuse someone’s paper bills when you say that you accept cash. As long as you tell customers upfront that you don’t accept cash, you can refuse cash payments.

    4. Re: I use this thing called Cash by peragrin · · Score: 2

      No cash isn't cheaper unless the store has a policy of cash getting discounts(some gas stations due).

      If the price of good is x then you pay x whether or not you pay by cash, credit or debit. Each has its own fees and cash is still higher than credit cards.

      Don't believe cash has a fee well you need to pay someone to watch, manage count and deposit cash. Someone who is getting paid more than minimum wage and two three hours daily That you are open.

      That's a continuous expense that online only stores don't have. And is one of several reasons why they are cheaper to operate.

      --
      i thought once I was found, but it was only a dream.
  2. Pay Google by goombah99 · · Score: 3, Funny

    I wonder why they didn't use that term

    --
    Some drink at the fountain of knowledge. Others just gargle.
  3. Re:One more Google product I REFUST TO USE. by farble1670 · · Score: 4, Insightful

    Google isn't even trust worthy enough to handle my email without (trying) to monetizing it.

    Why would you possibly think a corporation is going to spend billions in resources, servers, developers, electricity, hardware, and bandwidth without trying to monetize it? Are you new here (on Earth that is)?

  4. Not to be confused with by farble1670 · · Score: 4, Funny

    Google Wallet
    Android Pay
    Google Checkout
    Pay With Google

    and now:

    Google Pay (not to be confused with Google Payments).

  5. Re: I must be a dinosaur by Anonymous Coward · · Score: 2, Insightful

    You realise that all these NFC payment systems (Apple Pay, Google Pay, Samsung Pay etc) are just more convenient, and more secure ways of using your existing credit cards, right?

    You register your CC with the phone and then use it to carry out secured transactions that have a guarantee that the shop canâ(TM)t clone your card or grab your info from it. Plus, you no longer have to carry your CC or bother getting things out of your pocket or wallet.