It is always interesting to see what over the counter at Google decided to simply combine the two. In just a couple of months, U.S. Gmail users will find a dollar sign icon (see in the picture below) next to the Gmail attachment icon. All you will have to do is click on it, select your amount in dollars and the send it to the recipient.
The recipient will most probably need to have a Google Wallet account to get the money. And for the record, this service is only offered to users who are 18 and above. This will be a great way for Google to get more people in the Google world. If you are paying through your credit card, then Google will take a small cut of 2.9 percent per transaction. The minimum transaction amount would have to exceed $0.30.
But if you are paying directly from your bank account or the balance from your Google Wallet, then you don’t have to worry about this surcharge. Receiving the payment is free of cost.
But with all the hacking going on, Google will have a hard time making the system foolproof. I guess once they have tried it out for its U.S. Gmail users, it should roll it out in other places too. It will be interesting to see how this Google project pans out. They haven’t set a date for its launch as yet. But it should be out in a couple of months.