Breaking news from Google, This day full of Google goodness, keeps on rolling, and Google just made it easier to send money to our friends and family with the help of Gmail and Google Wallet. The two have been integrated to allow you to send money. In Gmail there will be an option next to the attachments, in the form of a dollar sign $ currency. By clicking on this button you can now send money to the people you care most about. There are limitations to the service however, which are covered after the break:
Officially from Google:
Fees
"It's free to send money directly from your bank account or using your Google Wallet Balance. There's a flat fee of 2.9% per transaction (minimum $0.30) to send money using a credit or debit card. Receiving money is always free regardless of the funding source the sender chooses, Limits
There's a transaction limit of $10,000 USD and a $50,000 USD transfer limit per 5 day period. This includes both money sent to others as well as money transferred in and out of your Wallet Balance. Please keep in mind that these limits may be subject to change in the future.
Transfer times
Sending money with your Google Wallet Balance is always free and usually instant. You can also send money using your bank account, which may take up to 10 business days to complete. Sending money using your credit or debit card is almost immediate, and usually takes up to a couple of minutes.
Currently this is only available on the desktop, but can be used form the phone's browser by going to wallet.google.com, and note that this isn't expected to rollout for a couple of months here in the U.S. Checkout the video below to get an idea of what I'm talking about.
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