Google Pay is a new mobile payment service from Google. It allows you to send money to other people or businesses through their phone number. The service also lets you add money to your account through credit card payments.
In this article, we will go into further detail into how much it costs for you to use Google Pay.
What Is Google Pay?
Google Pay is an app that enables users to make secure transactions with friends and family by adding them as contacts on the app. You can then send money directly to each other’s phones.
You can also add money to your account by linking your debit or credit cards. This way you can easily transfer funds between accounts. Google states that it costs around $2 a month to use, but there are no extra fees for sending money.
How Do I Get Started Using Google Pay?
To get started using Google Pay, download the Google Play app onto your Android device. Then tap “Add Account” in the bottom right corner of the screen. Tap “Link Card” to connect your debit or credit card to your Google Pay account.
Once you have linked your card, you will be able to send and receive money within the app.
What Are Some Of The Fees That Go Into Using Google Pay?
Google charges a flat rate of $2.99 per month for its service. This includes both incoming and outgoing transactions. There are no additional fees for making transfers between different accounts.
Google also charges a $0.15 fee per transaction. This applies whether you’re sending or receiving money. You can check how much money is in your account at any time by opening the Google Pay app and selecting “Account.” Tap the “Balance” tab to see all of your available funds.
What Are Some Benefits Of Using Google Pay?
Google says that there are many benefits to using Google Pay. These include the following:
- No more typing in long PIN codes when paying someone back! Just type their name into the search bar and tap “Send Money.”
- Send money even if they aren’t signed up for direct deposit.
- Quickly add money to your account without having to go through multiple steps.
- Keep track of how much you owe others at all times.
- Add money to your account instantly, just like transferring cash.
- Easily share money with friends and family.
- Receive notifications about who has received your money so you know exactly where your money went.
- Create custom lists of people to whom you want to send money.
- Never worry about forgetting your wallet again!
- Access your money on any smartphone or tablet running Android 4.3 or higher.
- You can now use Google Pay on iOS devices too.
Is Google Pay Safe?
Yes, Google says that it uses strong encryption technology to protect your data. Your personal information is never shared or stored anywhere outside your device.
Does Google Pay Work With Other Apps?
Yes, Google Pay works with apps such as Venmo, PayPal, Square Cash, Dwolla, Zelle, and Apple Pay.
How Can I Make Payments Through Google Pay?
There are two ways to make payments through Google Pay. First, you can simply send money to anyone else’s contact record. Second, you can add money to your account.
To send money to another person, open the Google Pay app and select “Pay” in the top left corner. Select “Send Money” and enter the recipient’s name and address.
Alternatively, you can add money directly to your account by tapping “Add Funds” in the top right corner. Enter the amount you wish to add and choose from one of several options.
Can I Transfer Money Between My Accounts Via Google Pay?
Yes, you can transfer money from one account to another via Google Pay. Open the Google Pay app and tap “Transfer” in the top-right corner. Choose the source and destination accounts.
A payment usually takes a few seconds to complete. However, it may take longer depending on the size of your transaction. For example, sending $100 could take less than 30 seconds while sending $1 million might take an hour or more.
Will I Have To Sign Up For An Account If I Want To Use Google Pay?
You will need to sign up for an account to use Google Pay. You will also need to link your debit/credit card to your Google Pay.
The main benefit of using Google Pay instead of other apps is that you don’t have to create new accounts or remember complicated passwords.
It also really adds a new card or bank account to your wallet as well. All you need to do is open the Google Pay app and click the three dots (…) menu icon in the upper-left corner. Tap “Wallet” and then “Add Cards.”
Tap “New Card,” fill out the necessary fields, and then tap “Next.” You will be prompted to verify your identity before being able to add the card to your wallet.
Once verified, tap “Done” to continue adding the card to your wallet or “Cancel” if you decide to cancel the process.
Google Pay is a mobile payment app developed by Google which allows users to pay for goods and services online at participating merchants without having to carry cash or credit cards.
The app has been designed to work across all major platforms including Android phones, iPhones, iPads, Windows 10 PCs, Mac computers, and Chromebooks. The app supports both fiat currency and cryptocurrencies like Bitcoin and Ethereum etc.
Google Pay is available in over 100 countries around the world, with support for about 300 currencies. The app works seamlessly with any merchant who accepts MasterCard, Visa, American Express etc.
It only costs around $2 a month to use, and each transaction only costs $0.15. Thus is a very affordable payment option to use.
We hope this article has given you an insight into Google Pay and whether you should be using it.
For more on Google Pay and other payment solutions visit our payments resource center.
Paul Martinez is the founder of EcomSidekick.com. He is an expert in the areas of finance, real estate, eCommerce, traffic and conversion.
Join him on EcomSidekick.com to learn how to improve your financial life and excel in these areas. Before starting this media site, Paul built from scratch and managed two multi-million dollar companies. One in the real estate sector and one in the eCommerce sector.