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Google Wallet also gives merchants the ability to highlight special offers or discounts from their websites or emails directly to the shopper via the app. As far as the user's bank is concerned, the transaction is identical to any other debit or credit, only the transactions go exclusively through Google rather than the merchant's point of sale. Google, however, is retooling its wallet to take advantage of their more flexible and open system. While there is no way to predict which virtual wallets will endure, there's a good chance Google Wallet will be one of them. According to Business News Daily, Google is discontinuing the processing of payments for certain digital goods such as e-books, subscriptions, online games and music. Swansea City FC Swansea City's comeback kid Matt Grimes signs long-term deal as Leeds United nightmare well and truly put behind him He had barely played for the club in three-and-a-half years before this season. Google pioneered NFC technology years ago, which allowed users to pay with a mobile device at a point of sale using a secure, short-range signal.

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    Local News People are worried about the effect of a Merthyr housing development on cancer patients Merthyr Tydfil Housing Association wants to build 12 homes near Cancer Aid in Dowlais. By Adam Hale, Press Association. It acts somewhat like a gift card: Assuming the merchant's point of sale is configured to accept Google Wallet, transactions work the same as any other accepted payment method.

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    The Times points out that the reason virtual wallet adoption is still fairly low is because debit and credit cards have almost universal acceptance with merchants and customers. Customers simply click to buy something and all of their payment info is already entered into the wallet.

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    images commercial good is clipboard google wallet girls

    Electronic wallets look to sidestep these concerns by streamlining the mobile payment process via a secure service.

    Google Wallet is a mobile payment system that acts as a virtual wallet, allowing processors and merchants have good reason to support Google's initiatives. Ecommerce business owners should consider offering digital wallets such as.

    The Google Play Store is full of wonders, but many of its apps remain undiscovered because they're not eye-catching enough, not PR-friendly.

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    Transactions take place between Google's servers and the merchant's existing payment processor.

    Most of them, like Samsung Pay, can only process offline purchases and PayPal Wallet is not widely supported. How does Google Wallet stack up to other options?

    What is Google Wallet and what does it mean for ecommerce BigCommerce

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    Neither one has yet found that tipping point. Both want to make it as easy as possible to facilitate transactions.

    The service is free for users and can store credit, debit, gift and loyalty card information. Google, however, is retooling its wallet to take advantage of their more flexible and open system.

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    According to The New York Times, both services keep adding more features in the hopes that their virtual wallets will catch on quicker.

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    1. Currently, mobile devices account for just under 50 percent of ecommerce trafficbut when it comes time for users to purchase items online, nearly 77 percent of users do so exclusively on a personal computer instead. See our best-in-class features Visit our ecommerce blog Request a demo Start your free trial High-volume or established business?