Google Pay Web application will be decommissioned in early January 2021. Along with that, the old Google Pay App for IOS and Android will also be stopping for transactions. So the new app is promising with many new functionalities. But it also has a couple of limitations that weren’t widely known on launch day.
The original Google Pay offered to manage the payments and transactions between any UPI from both mobile app or from pay.google.com. Now with the new changes in the Google App, it mentions to users the site will be no longer working from January. But seems like other functions like managing payment methods won’t be affected.
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.
On top of that, Google also clarifies on a support page that the original Google Pay app will stop working in January. From that date, you won’t be able to send or receive payments from the original app, though it sounds like the original app, it will continue to work for managing payment methods for NFC mobile payments and such, says 9to5google.
Transfer Fee
Perhaps the biggest focus of the new Google Pay experience is on sending and receiving money from friends/family, but that comes with one main limitation as well. Compared to the original payment experience, Google is adding one specific fee.
The original payments had zero fees when transferring money out to a bank account or a debit card, but now there’s a 1.5% fee (minimum of 31 cents) on any transfer made using a debit card. But the fee won’t apply for the linked bank account that is linked to GPay, although transferring money out the way takes from one to three days. Google explains:
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% or $.31 (whichever is higher), when you transfer out money with a debit card.
So that’s it for now. Thank you for reading and do share the article if you get a bit piece of information. Also, keep an eye on this space for more relevant updates. Stay safe and hope we see you around.
