Google Wallet – Is Google Wallet Secure | Pros and Cons

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Sending money via Gmail can be done via Google Wallet, all you need do is to click on the dollar sign icon. The icon is between the Google drive and camera icons at the bottom of the email window. However, this question will always come to the mind, is it safe? This brings us to the next subtopic.

Google Wallet

Is Google Wallet Secure

When using Google Wallet one needs to be sure that the platform is secure. This is because your financial information will be with Google. Google was able to fix and ensure a strong security. Now Google has mounted serious security measures giving users safety.

Google Wallet is only accessible on DE ices with a Secure Elements Chip, that encrypts your information so that it’s not easy to access it anyhow. With this improvement, the payment card security industry security standards councils awarded Google Wallet the highest level of Standards security. Now sending and requesting money through the Google Wallet platform is highly secure.

Pros

  • When sending money to people they do not need to have the Google Wallet app before receiving money.  When compared to Venmo, but similar to square cash.
  • You can choose a preference where your money will enter each time you receive money. Money may enter straight to your bank account or you use your credit or debit card to cash the money
  • Users can integrate into emails to receive or send money. Just click on money sign at the button of your email
  • Flexible transferring limits. Users can send up to $9,999 in one transaction and $49,999 in a five-day period.

Cons

  • Users are expected to pay a fee of 2.9% to use it with a credit card but free when using your bank account or a debit or credit card
  • An international transfer is only for users in the UK and the US.
  • For big transactions bigger than $ 9.999, you will have to space out your payments over several days.

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