St.George customers can now use Google Pay to withdraw cash
St.George, BankSA and Bank of Melbourne customers can select cheque or savings when using Google Pay to withdraw cash at the checkout.
EFTPOS has today announced it's expanding its service to Google Pay with St.George, BankSA and Bank of Melbourne. The partnership means that customers of these participating banks can use Google Pay on their Android smartphone to withdraw cash at the checkout of participating stores, all without their physical debit card.
The partnership enables customers to select savings or cheque when making contactless purchases with Google pay, meaning the transaction will be processed as an EFTPOS transaction rather than going through as credit. Just like when you use your physical debit card at the checkout, select savings or cheque and withdraw cash, the same can now be done using Google Pay.
Not only can St.George, BankSA and Bank of Melbourne now use Google Pay to withdraw cash, but EFTPOS CEO Stephen Benton said the service comes with added security benefits and reduces the likelihood of being surcharged.
"Following today's announcement, more than 300,000 St George, Bank of Melbourne and BankSA eftpos cardholders will be able to access their own money via their Android mobile phones and take advantage of eftpos benefits such as getting cash out at participating merchants. This means you only need to take your mobile when you go shopping. There's no need to carry an extra card to access cash if you need it," said Benton.
In January ANZ announced its customers with an Access Advantage debit card linked to Apple Pay could begin using EFTPOS when they make contactless payments to withdraw cash. This means that ANZ customers can use the popular digital wallet Apple Pay to withdraw their own cash at participating stores. Among the named participating merchants are homewares and DIY chain Bunnings and fast-food giant McDonald's.
EFTPOS assured us that transactions made via EFTPOS and Google Pay were secure, with these transactions using a unique payment token for each payment instead of the consumer's card details.
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