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Author Topic: New google wallet = liqpay?  (Read 947 times)
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October 23, 2012, 02:44:07 AM

So google is rolling out some new wallet beta you can sign up for. So far it appears to clone liqpay where you can use your credit card to upload funds to your online wallet, then transfer it to individual people possibly allowing easy sale of bitcoins. I can't find anywhere their policy on charge backs/fraud or limits and service isn't activated yet. Anybody know?

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October 23, 2012, 02:18:03 PM

For the chargebacks bitm, there's this in the FAQ

Am I liable for unauthorized transactions made using Google Wallet?

    If you would like to dispute an in-store transaction made using a linked credit or debit card in your Google Wallet, authorized or unauthorized, please call us and we will work to resolve the issue. You also have refund or other rights under your agreement with the issuing bank of your linked debit or credit card. Contact the issuing bank and the agreement governing your card account for more information. Many banks apply a $0 liability policy for unauthorized use.

So, not completely clear whether Google does it directly or if you just deal with your credit card company or bank.
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October 23, 2012, 02:36:01 PM

Also if I used by credit card would that not look like a cash loan and then I get hosed on fees?  Not seeing the point of this versus a bank.  Just another digital wallet but would love more details if this is different.

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