Google Wallet loses its luster

24

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.”

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