The Google company has issued its debit card Google Wallet Card, as it's been informed by the Verge, referring to the corporate blog. The Google debit Card can be used for online purchases in the shops online as well as in the offline mode when making the cashout in ATMs.
So, how does the Google Wallet Card work? Let's find that out... The google debit card may be ordered free of charge, however every balance recharge is subject to asking the commission fee (2.9% for the recharge). There is a limit set on using the google debit card, basically for security reasons. Daily limit of the card is $5000, however the limit is only applied for online purchases and not for offline servicing in ATMs.
The Google Debit card can be ordered starting from November 20. The shipping time varies from 10 to 12 days. The servicing of the Google Wallet Card will be free of charge just as its ordering. The card itself will be linked to the online Google Wallet. As of now the card is only available for the U.S. residents and can only be used on the territory of the USA. There are no defined plans to expand its usage on more regions yet.
The Google Wallet Card will be accepted in any shop or ATM, where Mastercard cards are accepted. The google debit card can be ordered directly from the Google Wallet application for Android, which is released this week or on the Google Wallet website. There have been talks about Google launching its own debit card for quite a long time, moreover its release was expected to be in May 2013. Nevertheless as mass media assumes one of the main rivals against issuing the card was Larry Page himself, one of the co-founders of the company. He basically considered the idea of launching the google debit card not innovative enough for competing with similar services.