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Google to allow Gmail users to send money for free

Google has announced that users of its Gmail and Google Wallet services will be able to send money for free from Wallet accounts.

Here’s a breakdown Google posted on the support pages of its website:

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.

Source: York daily record

Google, the world’s largest email provider, has announced that users of its Gmail and Google Wallet services will be able to send money for free from Wallet accounts.

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