People in the US will have to pay a fee for transferring money instantly to other Google Pay users
The search engine tycoon Google has now clarified for its Indian users that it will not charge instant payment transfer fees in the region and it is applicable specifically for the US market. Apart from this, the company also mentioned that it is also set to terminate the peer-to-peer payments facility on its web app from January onwards.
It implies that people in the US will have to pay a fee for transferring money instantly to other Google Pay users. In its official statement, Google said, “These charges and fees are specific to the US and do not apply to the Google Pay or Google Pay for Business apps in India.” On its support page, the company clearly mentioned that the current G Pay app will stop functioning in the US.
A new update for G Pay has been unleashed by Google on both iOS and Android that offers a sophisticated user interface coupled with enhanced privacy controls and efficient organisation of payments. The all-new UI of the app offers conversation type views for businesses and friends.
“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,” added Google.
On its support page, Google further added “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 per cent or $.31 (whichever is higher) when you transfer out money with a debit card.”