Unable to validate Google Drive destination after copying Backup Service Configuration with Transfer Tool

Symptoms

When using Transfer Tool's Service Configurations option to copy Backup settings between servers, the new server is unable to validate the Google Drive remote backup Destination.

Description 

This issue occurs due to how Google Drive handles the authentication between servers, as well as the redirect URI used in the backup process. Due to this, it is not possible to use the same configuration on multiple machines.

Workaround

Manually re-add the Google Drive backup destination on the new server.