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Android Pay Is Coming—Should You Be Excited?

Android Pay is coming later this year . . . and Google hopes it’ll make a big splash in the mobile payment game. It sounds like a pretty exciting payment system, but if you’re looking for a way to take cards, there are a few things you should keep in mind.

1. Only brick-and-mortar merchants will be able to use Android Pay.

When it launches, Android Pay will only work with compatible card readers, and those will be the ones in stores. Many merchants will probably be paying extra to upgrade to Android-Pay-compatible card readers.

While it’s possible that mobile-to-mobile or card-to-mobile payments will be supported in the future, neither of these will possible when Android Pay first comes out. It will only work with near near-field communication (NFC) readers.

2. The NFC reader market is getting crowded.

Google is replacing Google Wallet with Android Pay, Samsung has their own NFC payment solution, and Apple Pay is starting to pick up a bit.

While this might seem like good news for NFC payment, it’s hard to know what will happen to the market going into the future. Will Android Pay survive? Get replaced by something else? Be defeated by Apple Pay? We don’t know.

3. Customers will need to validate their purchases with a password.

Until Android phones start packing fingerprint scanners, customers will have to validate their purchases with a PIN, password, or pattern.

While this isn’t too much of a big deal, it’s another step in the purchase process that could potentially be forgotten or go wrong. Remembering another PIN or password isn’t easy.

4. We don’t know when Android Pay will be released.

If you’re thinking about holding out on a mobile payment solution until Android Pay comes out, you could be waiting a while. We currently don’t know when it’ll be coming out.

Part of the reason for this is that the EU is considering changing legislation about payments, and this could affect Android Pay. Getting caught up in legislative red tape is never good.

What Will You Choose?

Android Pay is coming, but it’ll be entering a crowded market and only work in brick-and-mortar stores. Is that something you’re willing to wait for?

If not, give SmartTrade a try. With easy payments directly from credit cards, some of the lowest fees out there, and an already-working infrastructure, you’ll be taking mobile payments in no time.

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