The new Google Pay app brings a ton of new functionality and makes some big promises, but it also has a couple of big caveats that weren’t widely known on launch day. Most notably, Google Pay is killing its web app in early January and adding a fee for instant transfers.
Google Pay web app dies in January 2021
The original Google Pay offered up the ability to manage your payment methods as well as sending money to friends/family from both a mobile app or from pay.google.com. Now that the new app has launched, though, Google has slapped a notice on that web app that notifies users that the site will no longer work starting in January.
Google Pay adds fee on instant money transfers
Perhaps the biggest focus of the new Google Pay experience is on sending and receiving money from friends, but that comes with a big caveat as well. Compared to the original Pay experience, Google is adding one specific fee.
The original Google Pay 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. The same won’t apply to a linked bank account, though transferring money out that way takes between one and three days.
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