On your Remote Storage Settings page, choose Google Drive Backup.
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It will ask you to sign into – and confirm the password – of your google account you want to use for the backup.
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As a security measure Google will ask you to permit the access. Allow.
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Then confirm.
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Give it a proper labelling in the Google Drive path so you later know exactly where to find the backup. Especially when creating backups for more then one domain.
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And you’re done with the setup. The Remote Storage Settings page will now also show Google Drive as “Ready for use”. 🙂