Google Wallet launches support for subscriptions
- 28 June, 2012 01:44
Google Wallet launched support for recurring subscription payments and has begun automatically assigning the lower of two fees for processing payments, Pali Baht, Google Wallet product manager for digital goods said at the I/O conference on Wednesday.
Baht said support for subscriptions had been the single most asked-for feature for the digital wallet app. The feature will allow developers to support users in buying in-game currencies or access to online content.
When used through the Web, Google Wallet has up till now charged vendors a 5 percent fee on all charges to process payments. But it changed on Wednesday afternoon to a 5 percent fee, which favors for small transactions, or a 1.9 percent rate plus 30 cents, which is more favorable for larger transactions. Google will eliminate the need for the vendor to choose between the rates by automatically assigning the lower of the two rates for every transaction. The decision-making process factors in currency exchange rates for transactions in currencies other than U.S. dollars.
The changes initially apply only to digital goods and purchases through the Web, not to real goods or sales made using the mobile app that relies on an NFC (near-field communication) sensor and stores the payment information locally rather than on the cloud.
Robin Dua, Wallet's head of product management for consumer payments, said Google doesn't make money on purchases made through the mobile app.
Cameron Scott covers search, web services and privacy for The IDG News Service. Follow Cameron on Twitter at CScott_IDG.
Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.
Dual-Persona Smartphones Not a BYOD Panacea
After two-year hiatus, EFF accepts bitcoin donations again
CIOs struggle to deliver timely mobile business apps: survey
Spiceworks' free management software gets integrated MDM
Opinion: Why national e-health is not for everyone
Vodafone Ireland Implements World-Class Service Excellence with HP BSM
Shane Gaffney, head of IT operations explain how HP Business Service Manager solutions have helped Vodafone to transform from a reactive to a proactive IT Operations function, and to align their priorities to match the business and drive business value, delivering 300% ROI in one year. Download today.
Advanced Persistent Threats and Real-Time Threat Management
Businesses face a constantly evolving threat landscape. One of the greatest challenges is presented by advanced persistent threats (APTs), which are sophisticated, multi‐faceted attacks targeting a particular organisation. Mitigating the risk of APTs requires advances beyond traditional layered security to include real‐time threat management. This whitepaper describes the nature of APTs, the risks they pose to businesses, and techniques for blocking, detecting, and containing APTs and other emerging threats. Read now.
In Control at Layer 2: A Tectonic Shift in Network Security
Network hacking and corporate espionage are on the rise and set to intensify. Information security risks remain commonplace, and most organisations need to increase vigilance. This paper has analyses the realistic threats to fibre optic Ethernet networks – both at the LAN and WAN level. Read now.