How Google pay earn money?

How Google pay earn money?

In this blog we are going see how Google pay earns money, how to send money from Google pay.

Google pay Details:

                                     

                                   Google pay logo

Google pay was launched on August in the year 2018.Google pay made transactions easy because earlier for checking bank balance, small amount transactions we need go to bank but now with this app we check bank balance and send money to others easily. Before day’s it was called as Tez but later it was changed into G-pay (Goggle pay) because now a day’s Google Company becoming very popular and Most of the people believe this Company that is the reason they changed the name from TEZ to G-pay.

 Before it was Non profitable company and offering lots reward’s you may get doubt why it is Non profitable Company because the main reason is to attract more users to this app. Because there are lots of UPI transactions apps are already exists to be in higher position it offers lots reward’s and if you share Google pay app with your friends, family, relatives etc. on their first transactions you get some money. This One of the Simple trick to attract lot’s of users to their app. Google pay is available United States, Canada, Brazil, Spain, Belgium, Poland, Czech Republic, Ukraine, Taiwan, Japan, New Zealand, Australia, Russia, Singapore and India. 

Google pay has more than 55 million active users monthly. Till now Google pay app was downloaded by more than 100 million people around the globe.

Google pay had connection with lots of banks like SBI, Axis bank, Andhra bank, HDFC bank, ICICI bank and when never you do UPI transactions the Google pay Company get 0.5 to 1% commission from the respective banks and not only banks the Google pay Company had partnership with famous Companies like play store, JIO, UBER, Red Bus, make my trip, Food panda, Zomato, OYO Rooms and many more when do transactions in these Companies they get commission from the related Companies. We can do mobile recharge from Google pay and when you do recharge to yourself or to your friend the Google pay get commission respective telecom operators. In this way they attract the people by giving offers and make more money with their users only.

Google pay send:

1. First we should download the app and sign up with your e-mail Id and set the password to the app.

2. Open Google pay app on your device and tab on the button new payment.

3. To send money we have four choices like bank transfer, phone number, UPI ID or QR, self transfer.

4. If you choose bank transfer you should enter his Account number, IFSC code, Recipient name and enter the amount how much do you send to him/her and tab on the button send .In this way you can send money by bank transfer.

5. If you choose phone number you should enter phone number to which person you want to send money and tab on pay button and enter the amount how much do you want to send to the person and after entering tab on the Button proceed to pay. In this way you can send money by phone number.

6. If you want to pay to the grocery shop, petrol, juice shop etc tab on the QR button and scan the code given to them and enter the amount that you want to pay and finally tab on send button that’s all it is very easy.

7. Self transfer means we can transfer money from one bank account to another bank account and both accounts should be yours only.

Google pay limit:

We can send 1,00,000 to others and there will be no charges to the amount which we send.

If you want know how Google company earn money here is the link click me!

It made our transactions easy and we need not to go bank for check bank balance and we can send money easily to others.