Google, the internet giant has announced to roll out a new feature that will enable its users to quickly and securely send money to friends and family directly within Gmail. According to a post on the official Google Commerce blog, Google Wallet has been integrated into Gmail. Very soon, a dollar sign will start popping in Gmail accounts of people who already use Google Wallet. A click will enable users’ state the recipient and the amount they wish to send as an attachment.
As the video below explains, the recipient doesn’t have to have a Gmail address and you can receive money as well. Users who link their bank accounts to Google Wallet receive transactions for free. Those using debit or credit cards pay a 2.9% transaction fee (minimum $0.30), and transactions are limited to $10,000.
According to Google, the transactions are encrypted and stored on secure servers. Transactions are also monitored to preempt fraudulent activity. Google Wallet Purchase Protection also covers 100% of “eligible unauthorized transactions.”
- Enable SMS Notifications on Suspicious Google Login Activity
- Set Your Google Will
- How Google Glass Works
Google said it will gradually roll this service out to its Gmail users.