Have you ever thought of sending money through Gmail, you will be wondering how is it possible. Google’s international conference Google I/O on Wednesday announced this significant introduction. The company announced that it’s integrating Google Wallet with Gmail so that the Gmail account holders can easily send money through email.
All you need to do is to hit a “$” symbol in order to attach money to an email just like the way you do for attaching any type of file. You can send money to your friends and family quickly and safely. It’s free to send money if your bank account is linked to Google Wallet or using your Google Wallet Balance, and it doesn’t require much fee to send money using your linked credit or debit card.
Google Product Manager Travis Green recently wrote in a blog post that this feature will be rolled out “over the coming months to all U.S. Gmail users over 18 years old can make use of this service in the near future.
Google claims the transactions are encrypted and stored on secure servers. All the transactions are regularly monitored to prevent any kind of fraudulent activity. Google Wallet Purchase Protection also covers 100% of “eligible unauthorized transactions.”
Though Google Wallet was introduced in the year 2011 but it hasn’t received much popularity as users mainly depend on mobile-based transactions. Very less people have enough knowledge about this feature as well.
Google is not the first company to deal with the concept of sending money via email — JPMorgan Chase, Bank of America, and Wells Fargo have already came up with a method of transferring funds to people if you had their cell phone number or email address two years ago, but the setup process involved was really a tedious task, if the recipient is not a member of the same bank.
In the coming months this service will become active and your life will be made easier. It doesn’t matter if the person on the other end to whom you are sending money doesn’t have a Gmail account, still you will be able to send the money. Take a look at the below Youtube video to see how your life will be made easier by Google.
Just like the video above explains you can see a dollar-sign icon for Gmail attachments. Click it and you will be able to transfer cash via Google Wallet. The recipient doesn’t need to have a Gmail address. You can also receive money from other people’s account as well. You can also pay using your credit and debit cards for a fee of 2.9% per transaction (minimum $0.30.) This is quite low.
This money sending feature will definitely add a golden feather to Google’s victorious crown, you can wait for few more months for the activation of this service.