Google is developing a mobile phone based payment system integrating the Chrome browser, Google Checkout ( Google’s Online Payment System and Android platform.
How This works
Merchant has a Google Checkout merchant account. Merchant/your shop guy, will add things you bought to a shopping card using his chrome browser, where this extension is installed.
He will then click on a green Google checkout button with an android logo on it.
It will generate a QR code which you will need to scan using your bar code scanner app on Android phone.
You will now get the link on your mobile phone to make payment using your Google Checkout Account !
The merchant has to set up a Google Checkout merchant account, populate the store with merchandise and then install the Android Payment Chrome Extension. From there, when a customer wants to buy something, the merchant creates a shopping cart with those items on their computer. The extension will then create a QR code, which when scanned with the phone will take the customer to Google Checkout page where they can complete the transaction. writes readwriteweb.com.
Things you need to know
You can make credit card payments without carrying the card with you or swiping it. Card details are entered in the Google Checkout account of yours. ( make you Google Account passwords more strong before you do this ! )
To use this, as a customer, you need a Google Checkout account, and an Android based phone.
To use this as a Merchant, you need Google Checkout Merchant Account
Setting up a store takes only minutes
1. Create a Checkout account
2. Setup a Gadget Store
3. Add the Gadget Store to a sites page
4. Install the Checkout Android Payment extension
Questions
Do you think it will be safe to link your credit card details to your Google Account, keeping in mind the recent successful hacking on Google Accounts for some users.
Will Google Bring this feature to other mobile platforms, like iOS on iPhone, or is this going to be an Android only feature ?
Links
Official Google Checkout Blog Article
What do you think about this new payment system, is it going to be popular, considering the recent shift in the mobile phone industry to powerful phones and feature rich operating systems ?
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