14 DAY TRIAL // Google has pushed out an update to its Wallet application that would allow users to manage their funds more easily. The update is quite useful and aimed at convincing more people to join the service. What's also worth knowing is that it is available on Android and iOS.
When users receive money in their Google Wallet accounts, it will be automatically transferred to their debit card or bank account. This will save time for users, as the money will be provided faster, making it easier for them to cash out.
Google Wallet is a very useful service that allows users to sign up with an email address or phone number and start sending and receiving money from anyone in the US, as long as they have their phone number or email address. The service works together with Android Pay, which reportedly started handling commercial payments last year.
Transfers from Google Wallet to bank accounts take about 2 to 3 business days to arrive while transfers to debit cards could take about one business days. There are cases in which the transfers will arrive instantaneously. The service also allows users to leave a balance in their Google Wallet account.
The update to Google Wallet also brings some bug fixes and visual improvements. Last month, Google announced that the company would no longer support Wallet Cards and would be focusing attention on Google Wallet, as it did. There are some replacements that customers could use for Google Wallet, like American Express or Simple cards.