Gmail to allow money to be sent as an attachment

May 22, 2013 — Leave a comment
Google will soon be rolling out a new feature that lets you attach money to Gmail messages

Google will soon be rolling out a new feature that lets you attach money to Gmail messages

While Customs Authorities are still challenged to address the question of cyber-trade and associate crime, Gmail makes it possible for you send all kinds of files as attachments. Now Google Wallet lets you pay for just about anything. Why not combine the two? That could have been the thinking by someone at Google, as the search giant is set to launch a payment system that’s the love child of Gmail and Google Wallet.

Pretty soon, U.S. Gmail users 18 and older (sorry, kiddies) will see a dollar sign icon among their Gmail attachment options. Click on the icon, select a dollar amount, and send it along. The recipient doesn’t have to have a Gmail address to take your money, but they’ll presumably need to have a Google Wallet account (or at least sign up for one to claim their money).

In fact, that might be one of Google’s motives here. Make it ridiculously easy to send money to your pals, and if they aren’t already in the Google ecosystem, this is a new way to reel them in. Let the rush to Google+ sign-up pages commence.

Google does also take a small cut from credit card payments – 2.9 percent per transaction, to be exact (with a minimum of $0.30). If you’re paying from your bank account or directly from your Google Wallet balance, then you’re off the hook. Receiving payments is free. Dare say this will cause some concern for Treasury and enforcement bodies?

The feature will be rolling out to U.S. Gmail users in “the next few months.” In the meantime, you can preview the feature in Google’s video below.  Source: Gmail Blog, Google via Engadget.

http://www.youtube.com/watch?feature=player_embedded&v=JA8m0JOoNYQ

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