Google Wallet
Google Wallet
Google Wallet
Google Wallet is a mobile payment system developed by Google that allows its users to store
debit cards, credit cards, loyalty cards, and gift cards among other things, as well as redeeming
sales promotions on their mobile phone. Google Wallet can use near field communication (NFC)
to "make secure payments fast and convenient by simply tapping the phone on any PayPass-
enabled terminal at checkout." Google Wallet is a free digital wallet that securely stores your
credit cards, debit cards, offers and more. With Google Wallet, you can shop in stores, buy
online, and send money.
You can shop and save in stores by storing all of your loyalty cards and offers on the Google
Wallet app and tap and pay to checkout if you have an NFC-enabled Android device. You can
also use the Google Wallet Card to spend your Wallet Balance to purchase in stores or withdraw
cash from ATMs.
In addition, you can use Google Wallet to buy online on Google Play and other Google products
and on select Android apps and sites, wherever you see the Buy with Google button. You can
also send money to anyone in the US with an email address with the Google Wallet app or
through Gmail. Google demonstrated the app at a press conference on May 26, 2011. The app
was released in the United States only on September 19, 2011.
A digital wallet is an app on your phone or other mobile device that allows you to store virtual
versions of items you would normally find in a physical wallet, like credit cards, bank account
information, gift cards, coupons or customer loyalty cards, and even things like event tickets and
boarding passes. The information may be stored either on the device itself or in the cloud, and
can be used at bricks-and-mortar locations or online. In theory, it frees you up from having to
carry around a host of material items, including money. In practice, it may be a little while before
you can entirely forgo your tangible wallet.
The Google Wallet concept banks on a couple of spreading technologies, including smartphones
and near-field communication (NFC). NFC is a short-range wireless technology that lends your
smartphone all sorts of new capabilities.
For instance, you can use an NFC-enabled phone to pay for things, from parking meters and pet
supplies to sandwiches and much more. Visit a merchant who's equipped with an NFC checkout
system, and with your NFC smartphone you can complete what's called a contactless payment.
Tap or wave your phone near the NFC terminal, enter your PIN (personal identification number)
and you're done. You don't even need a paper receipt because the store can send an electronic
copy directly to your e-mail account.
Countries in which google wallet is available
In the United States, you can use Google Wallet to shop in stores, send money, and to make
online purchases on Google Play or other online merchants. Outside of the United States, you
can use Google Wallet online to make purchases on Google Play in over 125 countries, and at
online merchants in over 160 countries and territories. At this time, the Google Wallet app is
only available in the United States. In the United States, you can use Google Wallet to shop in
stores, send money, and to make online purchases on Google Play or other online merchants.
Outside of the United States, you can use Google Wallet online to make purchases on Google
Play in over 125 countries, and at online merchants in over 160 countries and territories.
Google wallet card
The Google Wallet Card is a debit card that lets you spend your Wallet Balance at millions of
MasterCard locations or withdraw at ATMs. Money is added to your Wallet Balance either by
someone sending you money via Wallet or Gmail or by adding it yourself from a linked bank
account or from a credit/ debit card. The card has no fees to order and activate. There are no
annual or monthly fees for the Google Wallet Card.
GPC may arrange for Bancorp to provide you with access to a MasterCard branded physical
debit payment card, the Google Wallet Card. By using the Google Wallet Card, you also agree to
the Google Wallet Card Terms of Use, which may be updated from time to time. For avoidance
of doubt, the Google Wallet Card Terms of Use are between you and Bancorp, not Google or
GPC. The Google Wallet Card is a debit card that can be used to make purchases with a
merchant or cash withdrawals, in each case, using any available amounts in your Google Wallet
Balance.
You can only make transactions using the Google Wallet Card to the extent that you have
Google Wallet Balance to support those transactions. Therefore, you should know the amount
available in your Google Wallet Balance to use the Google Wallet Card. You agree not to make a
purchase or other transaction in excess of your Google Wallet Balance. If you do make a
purchase or other transaction that exceeds the balance available in your Google Wallet Balance,
you agree that we can recover any negative balance incurred.
If you have zero or negative Google Wallet Balance, any subsequent transaction authorizations
using your Google Wallet Balance will be declined.
ATM Access
You can set a PIN number for the Google Wallet Card using your Google Wallet application.
You may use your Card and PIN to access cash via a participating Automatic Teller Machine
("ATM"). If you believe your PIN has been compromised, please immediately contact the
Customer Service Number. To get cash, use the "withdrawal from checking" option at an ATM.
Acceptance within ATM Networks may change at any time. Use of the Card at ATMs is subject
to all applicable fees, surcharges, rules and customs of any clearinghouse, ATM network, or
other institution or association involved with the transaction. Company may impose a fee each
time a Card is used to obtain cash or any other services from an ATM, as set forth in the Section
6.7. The owner of the ATM may imposed a fee in addition to any fee charged by us. The ATM
owner must disclose any fee(s) they charge prior to you confirming the transaction.
No Cash Value: The Google Wallet Card is not redeemable for cash or other cards, and cannot
be resold, exchanged or transferred for value, except as required by law. GPC disclaims all
express or implied warranties as to the physical Google Wallet Card. Except as otherwise set
forth herein or required by applicable law, GPC is not responsible if your Google Wallet Card is
lost, stolen, destroyed, or used without your permission.
Illegal Activity: The Google Wallet Card may not be used for any illegal activity. You agree not
to use the Google Wallet Card for Internet gambling, whether or not internet gambling is illegal
in the jurisdiction in which you are located. You are liable for transactions you initiate by the use
of the Card, whether deemed legal or illegal.
Google Wallet Balance
You may maintain funds in your Google Wallet Account, and such funds will be known as your
Google Wallet Balance. To create a Google Wallet Balance, you will first be asked to provide
certain registration information.
Funds can be accumulated in your Google Wallet Balance by means of: (i) a transfer of funds
from a Funding Account; (ii) funds received from a Sender; and / or, (iii) a credit issued to you in
accordance with the terms of the Google Wallet Balance Customer Service and Error Resolution
Policy, or as a courtesy by GPC or Google. GPC will use commercially reasonable efforts to
make funds available to you no later than three (3) business days after GPC receives final
settlement of the funding transaction.
For any transfer from a Funding Account which is a credit card, if your credit card issuer deems
your addition of funds to your Google Wallet Balance to be a cash advance transaction or a
similar non-purchase transaction, you may incur cash advance or similar fees assessed by your
credit card issuer. Please refer to your agreement with your Funding Account provider for
information on whether cash advance fees may be incurred.
All Google Wallet Balances will be maintained in a deposit account at a Partner Bank. GPC is
not a bank and does not accept deposits or maintain deposit obligations for you. Funds held by
GPC or its service providers, including Google Wallet Balances and other funds relating to the
P2P service, are not deposit obligations of users and are not insured for the benefit of users by
the Federal Deposit Insurance Corporation ("FDIC") or any other governmental agency.
a. Withdrawal of Google Wallet Balances. You may register an ACH-enabled checking or
savings account as the Funding Account for your Google Wallet Balance in order to withdraw
funds from your Google Wallet Balance. If you are permitted by GPC to withdraw funds to a
bank account, you must be the named account-holder of both the Google Wallet Balance and the
bank account to which funds are withdrawn, or the withdrawal will not be processed. You can
also withdraw funds in the form of cash at certain automatic teller machines, via over the counter
transactions, and via point of sale transactions with the use of the Google Wallet Card.
Withdrawals may be processed in part by third parties (such as your account-holding bank). We
are not responsible for withdrawn funds once provided to the third party for delivery to you at
your request or upon distribution of your Google Wallet Balance to you in cash. You are solely
responsible for any fees that may be charged to you by a third party for processing a withdrawal.
GPC will not be responsible for withdrawals provided to the wrong party or account, or where
you provided incorrect withdrawal account details to GPC.
b. Use of Google Wallet Balances: You may use your available Google Wallet Balance for P2P
Payments, Payment Transactions on Google Play, in-store payments using the Google Mobile
Wallet, to make point of sale transactions using a Google Wallet Card or the Google Wallet
application if you have mobile device with an NFC chip, and withdrawals as described in Section
6.1(b) above.
c. Limits: No transaction using your Google Wallet Balance, including with your Google Wallet
Card or any P2P transfer, may exceed Ten-Thousand Dollars ($10,000) as an individual
transaction or Fifty-Thousand Dollars ($50,000) in aggregate transactions over five (5) days. The
Google Wallet Card has a maximum spending limit of $5,000 per 24 hour period, and a cash
withdrawal limit at ATMs which you can see in your Google Wallet application. GPC or the
Partner Bank may impose additional limitations on the dollar amount or frequency of any
withdrawals permitted; these limitations are subject to change.
d. No Interest On Google Wallet Balances: GPC and the Partner Bank do not pay interest to
you on Google Wallet Balances or any other funds. You assign to GPC the right to earn interest
on funds in the deposit account of the Partner Bank, in consideration of your use of the Service.
e. Negative Google Wallet Balances: If for any reason, your Google Wallet Balance becomes
negative, you authorize GPC to:
1. Initiate a debit or charge to your Funding Accounts in your Google Wallet Account to bring
your Google Wallet Balance to $0 and / or
2. Use a third party to recover funds from you to bring your Google Wallet Balance to $0.
When you sign up for Google Wallet, you are creating a Google Wallet Account that is
associated with your Google Account. Depending on the Services of Google Wallet you use, you
may be asked to provide information such as your name, contact information, Payment
Instrument information (including your bank name, routing number and account number for the
account, if applicable), date of birth, and/or your social security number. We may verify your
registration information with a third party verification vendor. In some cases, we may ask you to
send us additional information, such as a copy of your driver's license or passport, or to answer
additional questions to help us verify your identity. Finally, if you register a Carrier Billing
Account, we will ask you to provide your mobile telephone number and the name and billing
address associated with that number.
The information you provide will be used by us to determine if you are eligible to begin and/or
continue to use Google Wallet Services.
Where can the google wallet be used
You can use the Google Wallet app to redeem merchant loyalty points and offers that youve
saved to the app when you checkout. If youre using the Google Wallet app on an Android
device, you can tap your phone to pay anywhere contactless payments are accepted, which
includes hundreds of thousands of merchant locations in the United States. You can also use the
Google Wallet Card at millions of MasterCard locations.
You can use Google Wallet to make purchases on Google Play, or across other Google products,
such as Google+, Google Drive, Chrome Web Store, and YouTube. Additionally, you can buy
within select Android apps and sites, wherever you see the Buy with Google button. See popular
places where Google Wallet works online.
Cost to use google wallet
Its free. There are no fees for you to set up Google Wallet and use it in stores and online. You
can even send money for free from your bank account or Wallet Balance. If youd like to send
money or add to your Wallet Balance using a credit or debit card, there is a small per-transaction
fee. Receiving money is always free. There are also no fees to order and activate the Google
Wallet Card, and no annual or monthly fees. Some ATM providers may charge you a fee for
cash withdrawals.
The service works with the 300,000 plus MasterCard PayPass merchant locations, with Visa
licensing their Visa payWave system to Google for use in Wallet as of September 20, 2011.
On May 15, 2013, Google announced the integration of Google Wallet and Gmail, allowing
users to send money through Gmail attachments. Like the main service, Google Wallet's Gmail
integration is also currently only available in the US, to those 18 or older.
To get started, you download the Google Wallet app to your smartphone or tablet. Only a
smattering of Android mobile devices have NFC as of mid-2013, but by 2014, some experts
expect about half of smartphones to ship with NFC chips, and Forrester Research foresees more
than a quarter of phones in the US having the technology by 2016.
However, even if your current phone has NFC, your cellular carrier must also enable your device
to use NFC with a digital wallet, and most carriers are not doing this. As of June 2013, only
Sprint, Virgin Mobile, US Cellular and Metro PCS offered any smartphones that work with
Google Wallet and NFC in the U.S. These include devices from Samsung, LG and HTC. The
Google Nexus 7 and Google Nexus 10 tablets also allow you to use NFC.
If you don't have a compatible phone and carrier, you can sign up for Google Wallet online. You
can basically use the service to speed through checkout at sites all over the Web, as well as for
some other non-NFC uses that we'll discuss shortly.
Once you have downloaded the app or signed up online, you can set up Wallet with your credit
cards, gift cards, loyalty cards and more so you'll have the option to pay with whatever source
you choose. Of course, to use Wallet at all, you need to find stores that actually have the
equipment to read the NFC chip in your phone.
Google anticipated this infrastructure problem. Rather than build a proprietary network of
terminals, the company made Wallet compatible with MasterCard's PayPass system, which is
already available at around 200,000 locations in the U.S. [source: Google]. Major chain stores
including Walgreen's, Subway, Jamba Juice, Macy's, Footlocker, Old Navy, American Eagle
Outfitters, CVS and Radio Shack are already on board with the Wallet concept and will soon
have NFC readers if they don't already.
Quick, painless payments are only one component of Google Wallet. On the next page, you'll
discover Google's ultimate plan: to totally replace your analog leather wallet (perhaps to the great
relief of cows everywhere).
What are the different ways one can send money with Google Wallet?
You can send money to anyone in the US with an email address using the Google Wallet app.
You can also send money in Gmail by hovering over the attachment paperclip icon and clicking
the $ icon to attach money to a Gmail message on your desktop. Payments can be funded from
your Google Wallet Balance, bank account and/or credit or debit cards. The recipient does not
need to have a Gmail address, but will be prompted to sign in or sign up for Google Wallet to
accept the money
Google plans to produce NFC stickers associated with one credit card each, to be affixed to non-
NFC-capable phones. Two methods for providing money to the service are advertised, Citi
MasterCard and Google Prepaid Card, which can be loaded using any major credit card. During
Google Wallet's unveiling at NYC headquarters, Google also touted the openness of their new
system. Google said it will partner with all vendors of non-Android phones, including Apple,
BlackBerry, and Microsoft.
In order to expand Google Wallet's coverage across major mobile carrier networks and enable
Wallet acceptance at more merchant locations, Google plans to introduce a physical card that
will work in conjunction with Google Wallet. In doing so, Google follows the lead of PayPal and
various payment startups, including Wallaby Financial, Protean Payment, and iCache
International.
Partners
On August 1, 2012, Google Wallet expanded support to all major credit and debit cards
including Visa, MasterCard, American Express, and Discover. American Express later said that
they never agreed to participate in the Google Wallet program.
Google Wallet launch partners
include Citi as the issuing bank, MasterCard as the initial payment network, and Sprint as the
first mobile carrier. Merchants who accept Google Wallet include: American Eagle Outfitters,
Bloomingdales, Foot Locker, Jamba Juice, Macy's, RadioShack, Subway, The Container Store,
Toys "R" Us, and Walgreens.
In addition, Google Wallet works at other participating MasterCard PayPass merchants including
BP, CVS Pharmacy, Dairy Queen, McDonald's, Office Max, Petco, Sports Authority, Sunoco,
The Home Depot, Tim Hortons and other retailers. NJ Transit also participates with Paypass and
Google.
The Google Mobile Wallet
The Google Mobile Wallet may allow you to make Payment Transactions (i) in-store using the
Google Wallet application which resides on your mobile device or (ii) online at certain
merchants, in each case, using your Payment Instruments which are stored on Google Wallet
servers or hosted by a third party provider designated by GPC (the "Google Mobile Wallet
Service").
The Google Mobile Wallet Service may also enable you to store your Payment Instruments on
GPC's servers. You can also access your Payment Instruments and transaction history. The
Google Mobile Wallet Service also enables you to access Offers, Loyalty Programs, and other
items which you have saved to Google Wallet as Wallet Objects. The Google Mobile Wallet
Service gives you the ability to make purchases at participating merchant locations using an
eligible NFC mobile device or on participating merchant websites or applications. GPC will
charge your Payment Instruments stored on GPC's servers for transactions using the Google
Mobile Wallet Service.
The Google Mobile Wallet is intended for use on mobile devices, Android operating systems, or
other devices or operating systems approved by Google, as provided to you directly by Google or
your mobile carrier. You are strictly prohibited from using the Google Mobile Wallet on a
mobile device or Android operating system, or other device or operating system approved by
Google that has been modified or customized in any way. You bear sole responsibility for such
unauthorized use of the Google Mobile Wallet on a modified mobile device, Android operating
system, or other device or operating system approved by Google.
Use of google mobile wallet
(a) In order to use the Google Mobile Wallet, you must be a resident of the United States.
(b) You agree to notify Google Wallet immediately of any unauthorized use of Google Mobile
Wallet or any other breach of security regarding the Google Mobile Wallet of which you have
knowledge.
(c) Your Payment Instruments: In order to store your Payment Instruments in your Google
Wallet Account, you will need to provide the information requested by Google Wallet.
(d) GPC does not make any representation or verify that any of your Payment Instruments are in
good standing or that the issuer of your Payment Instrument will authorize or approve any
purchase of Products from a merchant when you use the Google Mobile Wallet in connection
with that purchase.
Using the Google Mobile Wallet Service
(a) You can use the Google Mobile Wallet Service as follows:
(i) In store using the Google Wallet Virtual Card stored on your mobile device by logging in to
your Google Wallet Account and holding the NFC mobile device near the merchant's NFC
reader; and
(ii) Online using the Google Wallet Virtual Onetime Card issued to you for such transaction
when you log into your Google Wallet Account online through your mobile device, at a
computer, or other device with online capabilities.
By using your Google Wallet Account using either method described in (i) and (ii) above to
make Payment Transactions, you authorize GPC to charge your selected Payment Instrument for
such Payment Transaction.
(b) Storing Payment Instruments. You can store a Payment Instrument with the Google Mobile
Wallet Service by providing the information requested on the Google Mobile Wallet Service
sign-up page, including payment credentials and billing address.
Transacting with Google Wallet Mobile Service and Google Wallet Virtual Card
(a) Issuance of the Google Wallet Virtual Card: To enable your use of the Google Mobile
Wallet Service via your NFC mobile device, GPC has arranged for Bancorp to provide you with
access to a MasterCard-branded virtual prepaid debit payment card product, the Google Wallet
Virtual Card, which is stored on your mobile device. By using the Google Mobile Wallet Service
and the Google Wallet Virtual Card, you also agree to the Google Wallet Virtual Card Terms of
Use, which may be updated from time to time. In addition, the terms and conditions applicable to
your chosen Payment Instrument also apply to all transactions involving the Google Wallet
Virtual Card. Please refer to the terms and conditions applicable to your chosen Payment
Instrument. By requesting the Google Mobile Wallet Service on your NFC enabled mobile
device, you are requesting the issuance of the Google Wallet Virtual Card in order to facilitate
your use of the Service.
(b) Using the Google Mobile Wallet Application: In order to use the Google Mobile Wallet
Application on an NFC mobile device, follow the instructions on the Google Mobile Wallet
Application to log in and then place your NFC mobile device near the merchant's NFC reader.
When you place your mobile device near the merchant's NFC reader, your Google Wallet Virtual
Card information will be transferred from your NFC mobile device to the merchant for use in
processing the Payment Transaction. The Google Wallet Virtual Card is a prepaid debit card that
can be used to make purchases when you use the Google Wallet Mobile Service at a merchant
location that accepts contactless payments, even if the issuer of your registered debit or credit
card is not a Google Wallet partner for NFC transactions. The Google Wallet Virtual Card is
different from your debit or credit card registered in Google Wallet. The merchant will not
receive your registered debit or credit card information. Rather, Bancorp will settle the Google
Wallet Virtual Card payment to the merchant. You may elect to use your Wallet Balance or
charge your selected Payment Instrument for purchases using the Google Wallet Virtual Card.
GPC will bill your selected Payment Instrument or debit your Wallet Balance for the total
Purchase Amount of the Payment Transaction. If you elect to use your Wallet Balance for a
transaction, but do not have enough in your Wallet Balance account to cover the transaction
amount, GPC will charge your selected Payment Instrument for the difference.
(c) Payment Transaction Limits: There are maximum dollar limits on purchase payments that
you may make using Google Wallet Virtual Card. Maximum purchase payments may not exceed
the lesser of $1,000 per day or any daily purchase transaction limit imposed by your selected
credit or debit card. GPC may, at its discretion, increase this maximum upon verification of your
identity. In addition, Google Wallet Virtual Card purchase transactions below this amount may
be declined if GPC is unable to complete a funding transaction to your selected Payment
Instrument or if you have insufficient Wallet Balance. The Google Wallet Virtual Card may not
be used for transactions in which you request cash back from the merchant. In addition, you may
be subject to limitations on the amount or type of transaction or merchant as per the terms and
conditions of your selected credit or debit card. Please refer to the terms and conditions of your
selected credit or debit card. You are responsible for any charges and related fees that may be
imposed under the terms and conditions applicable to the selected Payment Instrument for any
Payment Transaction using a Google Wallet Virtual Card. The Google Wallet Virtual Card is not
a credit card, and GPC and Bancorp are not extending you credit in connection with your use of
the Google Mobile Wallet Service or the Google Wallet Virtual Card. GPC will instruct Bancorp
to deny a requested Google Wallet Virtual Card purchase if GPC has reason to believe that it will
not be able to initiate a charge to your selected Payment Instrument, if you have insufficient
Wallet Balance, or if GPC otherwise believes that GPC will not be able to obtain funds from you
to complete the requested purchase payment. We reserve the right to decline any Google Wallet
Virtual Card-initiated Payment Transaction.