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Big news! Google Pay will charge on money transfer from January 1

By Lokmat English Desk | Updated: November 25, 2020 10:50 IST

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Google Pay is set to kill the peer-to-peer payments facility on its web app in January and is going to add a fee for instant money transfers, the media reported.
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Google Pay offered the ability to manage payments as well as send money from both a mobile app or from pay.google.com.
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Now, Google has released a notice on the web app that notifies users that the site will no longer work from January next year.
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“Starting early in 2021, you won’t be able to use pay.google.com to send and receive money from other people.
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To send and receive money, use the new Google Pay app,” the company informed.
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While you can still manage payment methods on the web app, peer-to-peer payments will cease to exist.
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Google also clarified on a support page that the original Google Pay app will stop working in January, reports 9to5Google.
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Google Pay will also add a fee on instant money transfers. “It can take 1–3 business days when you transfer money to your bank account. Debit card transfers are usually instant.
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There is a fee of 1.5% or $.31 (whichever is higher), when you transfer out money with a debit card,” the company said on its support page.
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Google last week introduced several features in its Pay feature for both Android and iOS users which have been first rolled out in the US.
Tags: Google AccountGoogle Pay
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