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05-15-2013, 06:10 PM
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#1
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Account Disabled
User ID: 121508
Join Date: Feb 11, 2012
Location: biloxi
Posts: 762
My ECCIE Reviews
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What this means for the industry
Just read an article about a new Google feature that I found really exciting. Apparently if you have your cc or bank linked to your Google account, you can attach money right to an email like a photo and hit send. The funds are automatically deposited into the recipients G Wallet.
Thought it would be ground breaking for those older gents who don't deal with paypal.
http://news.yahoo.com/gmail-money-se...203616465.html
Whatcha think??
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05-15-2013, 06:33 PM
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#2
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HELL's bell ringer!!
User ID: 3067
Join Date: Dec 27, 2009
Location: Based in Missouri AND coming to play in your town soon!!!
Posts: 70,648
My ECCIE Reviews
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wow---sounds cool!
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05-15-2013, 08:23 PM
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#3
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Premium Access
Join Date: Mar 12, 2012
Location: Washington DC Area
Posts: 636
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Sounds cool, but based on recent activities by the government (and LE), it would not be a good, nor safe idea. If your bank account (opened with your real life information) is linked to your gmail account via your website/ad, it makes it that much easier to find out who you are for the government (IRS) and LE. It leaves an electronic trail that can be easily traced - best to keep it simple, cash...
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05-15-2013, 08:24 PM
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#4
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Oral Aficionado
Join Date: Feb 13, 2013
Location: SW Oklahoma
Posts: 8,522
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So long as it would work with my HOBBY email and not require my "real life" email linked to my bank account, I might consider that.
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05-15-2013, 08:34 PM
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#5
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Pending Age Verification
User ID: 167
Join Date: Mar 28, 2009
Location: Baton Rouge/New Orleans
Posts: 992
My ECCIE Reviews
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I'll be interested to see how that develops. I'm always looking for an alternative to Green Dot for deposits/prepayments. If there were something completely online, that didn't have to make a gentleman go to a brick-and-mortar store, but that wasn't as prone to funds-seizing as PayPal, I'd be happy to switch to that.
I'm gonna wait and let other people test it out first, though, because of some of the hazards already mentioned.
Until then, as said above: Cash is king. And its prince is Green Dot, at least for me!
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05-15-2013, 08:58 PM
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#6
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Meet & Greet Organizer
Join Date: Dec 17, 2009
Location: "Hobbyverse"
Posts: 7,112
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Key words to think about:
the service is free if your Google Wallet is linked to a bank account, or Google will charge a fee if it is attached to a credit or debit card.
Getting hold of the cash requires the above. Either a bank account or a credit/debit card.
Your bank account obviously will not be in your hobby name.
Your credit/debit card has a "real name" which may or may not be associated with your Social Security number.
Two bits against a Krispy Kreme donut, Google on its end will require some sort of tax identification verification.... Maybe not at the start of the evolution, but, sooner, not later, when the Feds figure out the huge amounts of money moving back and forth, i.d. will be mandatory.
Not impossible right now to get a debit card without an i.d. check. Later, who knows.
Google is not doing this for free. The company obviously sees huge potential for profit in this new adjunct to their business. Guvmint will be closely watching due to the potential for money laundering and tax avoidance.
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05-15-2013, 09:02 PM
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#7
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Account Disabled
Join Date: Jan 5, 2010
Posts: 25,367
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Quote:
Originally Posted by ck1942
Key words to think about:
the service is free if your Google Wallet is linked to a bank account, or Google will charge a fee if it is attached to a credit or debit card.
Getting hold of the cash requires the above. Either a bank account or a credit/debit card.
Your bank account obviously will not be in your hobby name.
Your credit/debit card has a "real name" which may or may not be associated with your Social Security number.
Two bits against a Krispy Kreme donut, Google on its end will require some sort of tax identification verification.... Maybe not at the start of the evolution, but, sooner, not later, when the Feds figure out the huge amounts of money moving back and forth, i.d. will be mandatory.
Not impossible right now to get a debit card without an i.d. check. Later, who knows.
Google is not doing this for free. The company obviously sees huge potential for profit in this new adjunct to their business. Guvmint will be closely watching due to the potential for money laundering and tax avoidance.
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+1
The ease of use and convenience of ways to access cash via smartphones,,,atm's etc...will aid in the ability of bigbrother to track what you are doing without leaving the office.
It's always best to deal in cash, and even that leaves a record depending on how you access your cash.
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05-15-2013, 10:43 PM
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#8
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Pending Age Verification
User ID: 2590
Join Date: Dec 3, 2009
Location: Texas
Posts: 2,096
My ECCIE Reviews
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Personally, I'm a little Google averse, since they've been so interested in tying your whole life together. I don't associate my phone number with any of my Google products, and I most definitely wouldn't associate my bank account with my Google account.
It does sound cool though. If I weren't such a chicken I'd try it too.
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05-15-2013, 11:06 PM
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#9
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Account Disabled
User ID: 121508
Join Date: Feb 11, 2012
Location: biloxi
Posts: 762
My ECCIE Reviews
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Ck, some very interesting, valid, and well thought points. Enough to send a girl a'pondering.
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05-16-2013, 03:31 AM
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#10
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consulting for delites
Join Date: Apr 2, 2009
Location: Dallas TX
Posts: 19,617
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Quote:
Originally Posted by Calista_Syn
Ck, some very interesting, valid, and well thought points. Enough to send a girl a'pondering.
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which just goes to show you ....
dont trust everything you read on the internet!
including this post.
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05-16-2013, 07:21 AM
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#11
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Valued Poster
Join Date: Dec 24, 2010
Location: .
Posts: 9,767
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Nothing wrong with going to an ATM
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05-17-2013, 12:22 PM
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#12
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Valued Poster
Join Date: Mar 26, 2010
Location: OKC
Posts: 2,914
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Quote:
Originally Posted by Tiffani Jameson
Personally, I'm a little Google averse, since they've been so interested in tying your whole life together. I don't associate my phone number with any of my Google products, and I most definitely wouldn't associate my bank account with my Google account.
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Really solid reasoning there.
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05-17-2013, 12:32 PM
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#13
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Not banned yet
Join Date: Dec 23, 2012
Location: Houston
Posts: 538
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If you're not paying for a product, the product is you.
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05-17-2013, 02:41 PM
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#14
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Moderator
Join Date: Dec 26, 2009
Location: Somewhere in the S.E. U.S.
Posts: 6,511
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Would never do anything electronically. Forget the whole big brother angle. Think more of ROB-- Rip-Off Bitches. You send payment electronically, and they don't show up. Bring whole new meaning to NCNS. Cash is the best way to go. Even after handing over the envelope, the client still has some control of the situation. As long as the cash is in the same room as the action, the lady is always going to think twice about ripping off a guy if she knows he can still get the money back. Call it a psychological form of control for the client.
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05-17-2013, 02:52 PM
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#15
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Valued Poster
Join Date: Sep 24, 2012
Location: United States
Posts: 396
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+1 CPalmson. I am very averse to leaving any type of paper trail, or electronic trail. With all the BP busts going on in North Florida, and everywhere else, I would never open myself up to this type of potential pitfall. Also, good point about getting ripped off.
I just think that this is a pandora's box that could be exploited by LE, both for the hobbyists and the providers.
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