Terms Of Service For Google Buyers
Google has posted a Terms of Service for Buyers. The terms of service are between Google users (buyers) and Google Payment Corp. (GPC), apparently a separate corporate entity setup by Google for processing payments.
Among other things, as with PayPal's terms of service, the Google terms also authorize "GPC to obtain from time to time a credit report and/or to otherwise make credit or other background inquiries on Buyer as GPC deems appropriate to assess the Buyer’s eligibility for the Service or to review of Buyer’s continued use of the Service."
No fees are charged to the buyer for using Google's payment service.
A separate Privacy Policy has also been posted. It contains the following information about registration requirements for buyers and sellers using the service:
The information we require to register for the service includes your name, credit or debit card number, card expiration date, card verification number (CVN), address, phone number, and email address.For sellers, we also require you to provide your bank account number, and in some situations, your personal address, your business category, and your taxpayer identification number or social security number.
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