Send money with Gmail

#1

Post by marcell » Wed, May 15, 2013, 7:27 PM UTC

Send money with Gmail
google.com

Re: Send money with Gmail

#2

Post by jsnk » Wed, May 15, 2013, 7:30 PM UTC

Could this potentially hurt Paypal monopoly?

Re: Send money with Gmail

#3

Post by lowglow » Wed, May 15, 2013, 7:32 PM UTC

How quickly can I get money out of google wallet? this url: http://www.google.com/wallet/how-it-works/in-store.html doesn't really render properly in chrome. I guess I can spend the money pretty easily once it is in my wallet.

Re: Send money with Gmail

#4

Post by B-Con » Wed, May 15, 2013, 7:34 PM UTC

How is this going to be handled, as a money exchange system ("yo, here's for covering lunch for me yesterday"), or like a payment system ("send your payment to shop@gmail.com")?

It seems presented as the former:

> you can securely send money to friends and family in the U.S. - without leaving your Gmail inbox

but people will assuredly try to use it as the latter. When that happens, how will Google address fraud claims?

Edit: Specifically, I mean, how will they investigate fraud claims? Will all transactions be final (easiest), or will they try to refund people who make mistakes (harder)? And what happens when a GMail account gets hacked?

Re: Send money with Gmail

#5

Post by Khao » Wed, May 15, 2013, 7:36 PM UTC

jsnk wrote: post #2

Could this potentially hurt Paypal monopoly?

As long as it's US-only (as with almost every cool thing Google does) it's not a threat at all.

Re: Send money with Gmail

#6

Post by fxthea » Wed, May 15, 2013, 7:37 PM UTC

jsnk wrote: post #2

Could this potentially hurt Paypal monopoly?

Interesting that this was PayPal's original plan - to allow people to send money over email.

Re: Send money with Gmail

#7

Post by lucb1e » Wed, May 15, 2013, 7:38 PM UTC

Khao wrote: post #5

jsnk wrote: post #2

Could this potentially hurt Paypal monopoly?

As long as it's US-only (as with almost every cool thing Google does) it's not a threat at all.

... it's US-only, again?

It won't be long before I just proxy all of my traffic through Amazon s3 or something.

Re: Send money with Gmail

#8

Post by jimmy_wobbles » Wed, May 15, 2013, 7:38 PM UTC

jsnk wrote: post #2

Could this potentially hurt Paypal monopoly?

I agree - US-Only is problematic, but I assume they plan to expand it worldwide..

Re: Send money with Gmail

#9

Post by i_am_good » Wed, May 15, 2013, 7:39 PM UTC

B-Con wrote: post #4

How is this going to be handled, as a money exchange system ("yo, here's for covering lunch for me yesterday"), or like a payment system ("send your payment to shop@gmail.com")? It seems presented as the former: > you can securely send money to friends and family in the U.S. - without leaving your Gmail inbox but people will assuredly try to use it as the latter. When that happens, how will Google address fraud claim…

I just clicked "Get started" and didn't see anything new in Google Wallet page. But in Settings page, now there's a button to provide personal information (SSN, photo ID scan and etc.) They will probably require those for those who opt-in to use Google Wallet.

Re: Send money with Gmail

#10

Post by Jhsto » Wed, May 15, 2013, 7:40 PM UTC

jsnk wrote: post #2

Could this potentially hurt Paypal monopoly?

It is one of the reasons Checkout was introduced in the first place.

However, I doubt this will have an instant effect. I'm not sure about the current status, but at some point sellers I contacted couldn't add Google Checkout as payment option as it was US exclusive.