According to this: http://www.quora.com/Is-Google-Wallet-considered-a-card-present-or-card-not-present-transaction http://www.quora.com/Is-Google-Wallet-conside

According to this: http://www.quora.com/Is-Google-Wallet-considered-a-card-present-or-card-not-present-transaction http://www.quora.com/Is-Google-Wallet-considered-a-card-pres... Google Wallet is card-present for the merchant, but card-not-present between Google and the consumer. I guess that means Google is eating the difference between the two rates (and/or has other tricks up their sleeve).