Google to Shut Down Wallet Prepaid Debit Card
Beginning June 30, Google will no longer be supporting its Wallet prepaid debit card. The card has been on the market for a little over two years, but it never really took off like Google had planned.
With the Wallet Card, users can pay for items with their existing Google Wallet balances anywhere MasterCards are accepted. They can also withdraw cash from ATMs, like any traditional bank debit card. The setup is similar to the PayPal Business Debit Card, which provides the same services for people who have existing PayPal balances.
According to the letter Google sent to its Wallet cardholders, the company is shutting down the cards in an effort “to focus on making it easier than ever to send and receive money with the Google Wallet app.” Users who have cards that are not yet activated can still activate their cards and use them until the cancellation date.
Google will no longer allow money to be added to a user’s Wallet balance from their debit card or bank account. Users can still receive money from other people to add to their available balance. That money can then be sent to other Wallet users, or withdrawn from the mobile app.
Some analysts believe Google is phasing out Google Wallet because of the growth of the much-preferred Android Pay mobile wallet. This app offers the same functions that Google is removing from the original wallet platform, so users can still get access to all the services they need.