Without question, Google is a brand that has found its way into almost every platform of our technological desires. As the largest email provider, it lets us attach photos, documents, videos, event invites, and now... money.
Sending money digitally has been around for years. Amazon, Serve, Venmo, and the ubiquitous Paypal have all been methods of sending and receiving funds. Google has upped the ante by integrating its Google Wallet into Gmail, which will allow users to send and receive money without having to leave their Gmail inbox. Sending money will work in the same fashion as attaching a file to an email. The recipient doesn’t have to have a Gmail address either. This simplicity of this feature will drastically change the way we send and receive money with friends, family, and even businesses.
This feature will be gradually rolled out over the next few months. Once activated, you will see a ($) icon within your ‘compose’ message window. Users who send funds from their Google Wallet or direct bank account will be exempt from transaction fees, while those using debit or credit cards will pay a 2.9% fee. Google also ensures the privacy and security of your account. When using Google Wallet, your financial information is encrypted and stored on secure servers, and all transactions are monitored to prevent any fraudulent activity. Google Wallet Purchase Protection also covers all eligible unauthorized transactions.