Google lets you email money to friends through Gmail
17 MAY 13 by OLIVIA SOLON
Send money with Gmail and Google WalletGoogle
Google has announced that it will integrate Google Wallet into Gmail to allow people to make payments through Gmail.
Users can sign up at wallet.google.com and register their bank details. They can then send money to a person from Gmail by clicking the $ sign when composing an email, entering the recipients email address and the amount of money they wish to send.
It’s free to send money directly via transfer or using the Google Wallet balance. Meanwhile there’s a flat fee of 2.9 percent per transaction to send money using a credit or debit card (i.e. those not signed up for Google Wallet), and receiving money is always free regardless of the funding source. There’s a transaction limit of $10,000 (£6,590) and a transfer limit of $50,000 (£33,000) per five-day period.
The recipient won’t need to have a Gmail address to retrieve funds. Google Wallet Purchase Protection covers any unauthorised transactions.
The Gmail interface is currently only available on the desktop interface and to US users only, but individuals can still make payments using their mobile device by visiting wallet.google.com. Sending money through the Wallet app is not available yet.
Google is also adding an API to Chrome that will automatically update shipping information with an individual’s Google Wallet info in order to speed out the checkout process online. Meanwhile it will provide an Android “Instant Buy” API to simplify in-app purchases for retailers.
The news comes a week after the head of Google Wallet, Osama Bedier, quit after two years in the role to “pursue other opportunities”.
Edited by NATE LANXON