Send Money through Gmail with Google Wallet
If you didn’t think that Gmail had enough features to offer, you will be pleased to know that you can now use your email account to send money through Google Wallet. With as much effort as it takes to attach a picture, you can add money to any email you send. No more running down to Western Union or logging into your PayPal account. Everything happens through an email.
Of course, there are a couple catches you have to consider with this new opportunity. It will only be available to Gmail users over the age of 18, and you have to have a Gmail account to send money. However, you do not have to have a Gmail account to receive the funds. If you do not have a Google Wallet account, you will have to pay a 2.9% transaction fee to use the program. That could add up if you’re sending a large sum of money online.
If this program is accepted by the masses, it could change the way people send money to one another. Media consultant Jeff Peters responded to the news in a Tweet, saying “This could be big…if (when) people trust it.” Tech executive Ray Nolan furthered this comment with “eCommerce just changed.”
Indeed, this simple add-on to a popular email service could completely change the world of personal finance. Leave it to Google to raise the bar.
If you are a Gmail user over the age of 18, watch for a $ symbol at the bottom of your emails in the coming months. This will be all you need to click on to send money to someone else.
The only question is, will you want to?
About John H. Oldshue
John Oldshue is the creator of LowCards.com. He worked for over 15 years in television and won an Emmy award for his reporting. He covers credit card rate issues for LowCards.com.