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. Google Pay offered the ability to manage payments as well as send money from both a mobile app or from pay.google.com. Also Read - You can now take a virtual tour of the Taj Mahal on Google, here's how
Now, Google has released a notice on the web app that notifies users that the site will no longer work from January next year. Also Read - Amazon Pay to soon start facilitating small loans and insurance for kirana shops
“Starting early in 2021, you won’t be able to use pay.google.com to send and receive money from other people. To send and receive money, use the new Google Pay app,” the company informed. Also Read - Google Doodle celebrates Dr. Vera Gedroits’ 151st birthday, Russia’s first female military surgeon
While you can still manage payment methods on the web app, peer-to-peer payments will cease to exist. Google also clarified on a support page that the original Google Pay app will stop working in January, reports 9to5Google.
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. There is a fee of 1.5 percent or $.31 (whichever is higher), when you transfer out money with a debit card,” the company said on its support page.
Last week, Google introduced a major redesign to its Google Pay app for both Android and iOS users. The new app not only handles transactions but also allows you to keep a check on your daily expenditure. The new Google Pay app also behaves a lot like a messaging tool alongside begin a digital payment platform.
The redesigned Google Pay app allows you to see people or contacts you exchange money with most often. You will now be able to click on a contact to see details of past transactions in the form of chat-like bubbles. In the same chat box, you will get options to pay, request money, or split a bill. Currently, Google has rolled out the new app in the US.
Written with agency inputs