Facebook Payment and Google Wallet to Receive a Huge Blow as PayPal Rolls Out PayPal.Me - Neurogadget.com

There is nothing to worry about if you are sending some cash to your friend or relative as there are no charges involved. However, you must be using a debit card for this to work. In case of a business entity, you must part with 2.9% of the transaction amount plus $0.30 per transaction.

In 2011 Google came in with Google Wallet. Even though the service is still active, most carriers have blocked it and it is considered a failure among the Android users. Google went back to the drawing board and this year, in May, it came out with another online payment service known as Android Pay. This had led to the rebranding of Google Wallet into something that almost works like PayPal. The rebranded app will allow the users to send, as well as request for cash, both on the Android and iOS platforms.

During the same month of May, Facebook also announced that it was joining the mobile payment world with a Messenger payment service. To create a link, all Messenger users need to do is to key in a given amount, for instance, $50. When this link is clicked, you will be prompted to transfer the specified amount of cash to the person in your chat. Just like Google Wallet and PayPal, this P2P payment on Facebook Messenger is free. As of now, the service is only available to individuals and not businesses.

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