Google Wallet may be the answer if you’re searching for ways to send or receive money online. Originally used to make purchases both online and in-store, it has now transitioned into being the go-to service for peer-to-peer monetary transactions. The platform does not charge transfer fees, making it one of the preferred ways of sharing money over the Internet. Read on to learn how you can make the most out of this super handy tool!
Google Wallet | How It Works for Beginners
How to Set-Up a Google Wallet Account
For starters, if you have a Gmail or Google account, you already have a Google Wallet account. Your Gmail account creates a shared set of credentials for all Google services, and thus, your email username is also your username for Google Wallet.
In case you need to create a Gmail account first, just go to this support page from Google to help you set up an account. When you have a Gmail account handy, let’s start working on getting set up with your Google Wallet account.
On a Computer:
- Open your browser.
- Go to www.wallet.google.com if you’re using a computer.
- Google Wallet will ask you for your username and password to confirm your identity. Please provide these credentials.
For Mobile Phones and Tablets:
- First, download the Google Wallet app on Google Play and iTunes.
- When the app finishes installing, it’ll ask you for your username and password. Just provide your preferred Gmail credentials.
- It will also ask you for recovery information like your recovery e-mail and your choice test question which Google will ask you when you need to recover your account.
- You will be asked to enable purchases.
- Next, Google will ask you to enable the backup for your account as well as a 4 digit PIN. Make sure your PIN is something you won’t forget.
- After setting up your Google Wallet, you will now be asked to add the debit cards of your choice.
- Please agree to the Terms of Service and choose your default card.
Adding Cards to Google Wallet
In case you have more than one card handy, and you’d like to add more than one debit or credit card, you can add them to your account. Just follow these instructions:
- In your Google Wallet, click “Menu” and go to “Payment Methods.”
- Click on “Add payment method.”
- Fill in your card details. If you’re using your mobile phone, you can just click on the camera icon and take a picture of your card.
- Save the information or just tap on your phone.
You can also update and delete cards in the Payment Methods section.
Google Wallet Transfer Money or Receive Money
— Google Pay (@GooglePay) December 15, 2016
Are you wondering how to get a physical Google Wallet card? Unfortunately, Google has discontinued this service. Google Wallet has moved its online shopping payment services to Android Pay and since become a money sharing service instead. The good thing about it is that you can request payments and send people money without a fee.
Here are the steps to follow when sending money
- On your Google Wallet App or account, click on “Menu” and go to “Send” or “Request.”
- Make sure you’re on the “Send Money” tab and then enter the amount you want to send.
- In the next field, you put in the contact information for the receiver. Use their email or phone number.
- You can put in an optional message in the Memo field.
- Check the payment method and hit Send.
You can only send 9,999 USD in one transaction or up to 10,000 USD within a week. For residents of Florida, they can send around 3,000 USD every 24 hours.
If you are using a debit card to send money or your Google Wallet balance, the recipient will get the money within minutes.
In case you want to receive money, just follow these steps:
- Open your Google Wallet app or account.
- If you’re using a computer, click on the Request Money tab and enter the amount you want to receive. On mobile, you will have to get into the amount first before hitting Request.
- Enter the payer’s email or name.
- Hit Request.
When claiming the money, check your email for notifications or go to the app itself and check your notifications from there. You can likewise fulfill payment requests from the notifications inside the Google Wallet app.
Cashing Out Your Money from Google Wallet to Your Bank Account
The best part of getting paid is cashing out your money. Transferring your money from your account to a debit card will only take a few minutes while transferring to your bank account can take 3 business days. Again, the best part of using Google Pay is there are no transfer fees.
- Open your Google Wallet account on the app.
- On a computer, click on the Menu and go to Cash Out while on mobile, you only have to tap Balance and then tap Cash Out.
- Choose the payment method you want to transfer the money to.
- Enter the amount you’d like to transfer.
- Click on Cash Out. Computer users will see Transfer to the bank instead.
Here’s a review from Coffee Tech News on Google Wallet:
Without a doubt, Google Wallet is one of the best ways to send and receive money online. Unlike other platforms, it doesn’t charge any transaction fees. This means you or the person you’re sending money to gets to keep every single cent from every transaction—and who doesn’t want that? Get more from your online deals today with Google Wallet!
Got any other questions about Google Wallet? Post them in the comments section below!
Editor’s Note: This post was originally published on October 18, 2017, and has been updated for quality and relevancy.