Google Wallet loses its luster

Well, that was a fun, but short ride.  Readers today alerted me that Google Wallet has begun to charge its 2.9% fee for credit card payments.  I logged on and verified that they were right.  Google Wallet is still free for sending money from bank accounts, so it may still be handy for transferring money to others, but it’s no longer a point-earning goldmine for those using rewards credit cards.

In case you’re wondering what I’m talking about, please see my prior post “Google challenges PayPal, Amazon Payments, and others with innovative new version of Google Wallet.”

About Greg The Frequent Miler

Greg is the owner, founder, and primary author of the Frequent Miler. He earns millions of points and miles each year, mostly without flying, and dedicates this blog to teaching others how to do the same.

More articles by Greg The Frequent Miler »

24
Leave a Reply

avatar
24 Comment threads
0 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
21 Comment authors
The Google Wallet Card – Now Available, But Not That GreatIsaacHoamiss smartFrequentMiler Recent comment authors

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  Subscribe  
Notify of
Ollie
Guest
Ollie

🙁

Grant
Guest

“No credit or debit card fees for your first $250.00!*
After $250.00 (cumulative), there will be a 2.9% fee, with a minimum fee of $0.30. Remember, sending money from a bank account is always free.

*Promotional period ends June 29, 2013.”

RIP GW 🙁

Grant
Guest

Most of us probably sent more than $250 in the first 5 minutes of setting up the account.

Paul
Guest
Paul

Looks like it’s still free for less than $250, but this fiesta did not last long for sure.

Mateo
Guest
Mateo

I had to return my 1 cent as only for US residents.

MileageUpdate
Guest

Its a tricky game as its proved again for those going bigger are rewarded. Pigs get fat, Hogs get fatter and Center Cut Bacon is not nearly as good as the full fat kind.

Ford
Guest
Ford

Only sent once, picked a random amount over $2k last week, glad I didn’t bother with a bunch of ~$100 transactions trying to be clever and “fly under the radar”. This was always going to be a one or two month thing, it’s why I didn’t see the point in trying to go low for a one or two-time thing.

Curtis
Guest
Curtis

Confirm $250 free. How many times you can do that is the new question now :).

Curtis
Guest
Curtis

And I didn’t see the “cumulative” above, however I can now confirm that as well. Was a good ride!

DRE
Guest
DRE

wants to charge me for any amount

Sam
Guest
Sam

RIP

Lurker
Guest
Lurker

My accounts were suspended for unusal activities

marathon man
Guest
marathon man

I think a few things are possible:
.
1) Sorry to say it but blogs picked it up and so Google killed it.
.
2) GW predicted this and just wanted to “spend” a certain ammt of money (in waiving its fees) for a few weeks to get a huge customer base and spread the word. It’s cost was to get us to spread it for them. BUT in the process they also just figured out a way to find and effectively now lock out all us miles schemers in one short period! Since there’s a fee now, we wont play. They WILL, however, waive the fee for anything under $250 for NEW customers.

Stephen M
Guest
Stephen M

Not to change the subject but how about Award Wallet! I was trying to get help organizing my credit cards and their bonus miles with Award Wallet and ran up against this: “Unfortunately United Airlines forced us to stop supporting their loyalty programs.” Unfortunately this is true with American Airlines and Delta Airlines also. I have all of these cards so this does not help me at all. Is there another program that does what Award Wallet is attempting to do that covers all cards? Or does someone have a self-made chart or form that I can do myself?

ss
Guest
ss

Came here to post that upto 250 is free. But my smarter berthern here have already the fine print. I did trial and error and thought I was something clever. I was sending 500 earlier. Hopefully, they dont lower this or change this.

Jake from MSP
Guest
Jake from MSP

Made one successful payment of 5400$. I’m okay with that

Scott
Guest
Scott

Happy I decided to not give google a copy of my drivers liscence for this relatively useless feature.

Chimmy
Guest
Chimmy

ohwell… still got Amazon

levander
Guest
levander

In the help section for Google Wallet now, it says nothing about the first $250 being free, just that there’s a 2.9% fee for credit card transactions you initiate.

So I called and found out you can still do the $250.

But I was thinking it would be $250 every month. It’s not. It’s just $250 one-time.

miss smart
Guest
miss smart

sha.la.smart@gmail.com

pennny plz ne 1 🙁

Hoa
Guest
Hoa

hoanguyen2908@gmail.com
Can I get a penny plz? THANKS!

Isaac
Guest
Isaac

Waah! I want free shit!

trackback

[…] be the new and improved Amazon Payments (see Frequent Miler’s post on it). But then they suddenly changed it to include a 2.9% fee for all credit card transactions. […]