Google announced this week in this video that going forward there will be a dollar sign in Gmail attachments. The video shows all it takes is a simple click and you can transfer cash through Google Wallet, according to an article on Mashable.
According to Mashable, the recipient doesn’t have to have a Gmail address and they can receive money as well. Users will also be allowed to use their credit and debit cards for a fee of 2.9% per transaction. (minimum of $0.30). According to Google, money may be sent and received on your phone, and payment management may be done at wallet.google.com., according to Google.
Those concerned about security and safety, don’t need to be. Google promises that financial information will be safely encrypted and stored on their servers and monitored 24/7, according to Google. Google Wallet Purchase protection covers 100% of eligible unauthorized transactions.
According to Mashable, Google Wallet was introduced in 2011, but didn’t make to the mainstream due to consumer resistance to mobile-based transactions and the lack of awareness and retail deployment. Google is using Gmail to help further the technology’s acceptance.