Google Pay Send, formerly known as Google Wallet, was a separate peer-to-peer payment service developed by Google before it merged into Google Pay. This allowed people to send and receive money from a mobile device or desktop computer for free to the sender or recipient.
In 2018, Android Pay and Google Wallet were unified into a single pay system called Google Pay. Google Pay Send, Google Pay Send has replaced Google Wallet.
Google Pay is structured to allow readers to send money to each other. To send money, a Google Pay user will enter the recipient’s email address or phone number. Then, the recipient must link this phone number or email address to their bank account to access it. If the recipient also has a Google Pay account, the funds will be posted directly to that account.
When you create a Wallet account, users can link up to two bank accounts. Received money goes to Google Pay Balance and will remain there until the user decides to withdraw money from the account.
Google Pay is available for free from Google Play or the App Store. When you download the application, the user creates a four-digit personal identification number (PIN) to manage everything within your Google Pay account. PIN verifies access to the Wallet application on the user’s mobile device.
Before it was terminated on June 30, 2016, Google Cash Card was recognized by Cirrus operated by MasterCard (not Visa’s Plus network).
Google showed the original version of the service at a press conference on May 26, 2011. The first application was released in the US on September 19, 2011.
On May 15, 2013, Google announced the integration of Google Wallet and Gmail, allowing users to send money through Gmail attachments. While Google Wallet is only available in the United States, Gmail integration is currently available in the United States and the United Kingdom.
Google Wallet Card 2015
Google Physical Wallet was an optional add-on to an application that allowed users to shop at the point of sale (in stores or online) by withdrawing funds from a Google Wallet account, attached debit card account, or bank account. The card could also be used to withdraw cash at ATMs free of charge for Google services and could be used as a debit card for virtually any purpose, including things like car hire. The wallet was interrupted on June 30, 2016 and replaced by Android Pay.
The original version of Google Wallet enabled users to make on-site purchases with their mobile devices using NFC. However, since September 2015, Google has canceled NFC from Google Wallet, which only offers this technology through Android Pay, a stand-alone application that is only available to Android users. As a result, you can no longer use any gift cards, loyalty programs, and promotional offers stored in an older version of Google Wallet. For Android users, these great deals and gift cards have been automatically transferred to Android Pay. Instructions for exporting menus for alternative uses were provided for iOS users. No security issues have been reported with NFC.
Google does not charge users for access to Google Wallet. Sending and receiving money is free, as is adding money to your Wallet via a linked bank account. There are limits on how much money users can add to their balance, download from a linked account or card, or send and receive others. These limits are set for the transaction and at certain times. Previously, a 2.9% charge was applied to debit card funds, although Google has reduced this ability since May 2, 2016.
Funds sent from a cash balance, debit card, or linked bank account are generally available to the recipient immediately, and if the recipient has his wallet and card account, he can immediately withdraw the funds from the ATM. . If funds are withdrawn from the sender’s purse balance, the balance will also take this change into account immediately. Any part of the funds drawn through the linked bank account will take two or three days to actually send to this account, although these funds will be displayed as “pending” withdrawals on that account within 24 hours.
While Google does not receive Wallet ecosystem revenue (web service, apps, and wallet), the product is part of a larger set of ecommerce products, including Android Pay, which integrates loyalty programs and promotions from other businesses.
In September 2017, Google launched its first major payment service outside the United States, in Tez, India.