Thursday, May 16, 2013

You Can Now E-Mail Your Friends Money Through Gmail

<p>While Google has made a big to-do about its new subscription music service, it has allowed a more interesting new wrinkle go virtually unmentioned, as yesterday the company integrated its Google Wallet payment system into Gmail, allowing users to send money to each other via e-mail.</p><p>For users sending money straight from a linked bank account or from a balance in their Google Wallet account there is no fee. If you're using a credit or debit card to send money, there's a flat 2.9% fee (with a minimum of $.30).</p><p>Transactions made using cards or a Google Wallet balance will be processed almost instantly. Sending directly from a linked bank account will likely take longer and can take as long as 10 business days.</p><p>Transactions are capped at $10,000 per transaction, with a maximum of $50,000 transferred over the course of five days.</p><p><a href="http://consumerist.com/2013/05/16/you-can-now-e-mail-your-friends-money-through-gmail/">Keep reading...</a></p>

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