The Bankwatch

Tracking the evolution of financial services

Google checkout is debit card too

Just picked up on this rather important nuance.  Debit cards are also accepted by Google Checkout.  Its also only US, although I am sure thats temporary.  So look out Certapay in Canada.

Accept payments through Google – Terms of Service

Payment Instrument: The credit card or debit card that is registered by a Customer with the Service to facilitate the processing of Payments Transactions. The Payment Instrument must be associated with a billing address in the United States.

Relevance to Bankwatch:
Banks must not continue to ignore the payments space.  Transaction revenue and balance loss are at stake as payment vehicles such as this provide greater convenience thus attracting associated business.

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Written by Colin Henderson

June 30, 2006 at 00:03

Posted in Payments

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