Ok, so it's 2.9% fee for credit / debit card payments. And I'm assuming the "connect directly to your bank account" is just using ACH transfers, which take a co

Ok, so it's 2.9% fee for credit / debit card payments. And I'm assuming the "connect directly to your bank account" is just using ACH transfers, which take a couple days. Anyways, a while ago I heard a rumor that they had a team working on adding some, um... alternative, payment methods. Does anyone know where Google Wallet is headed with this? Edit And here's some clues from the ToS[1]: > 6. Google Wallet Balance & Peer to Peer Payments > 6.1 The P2P Service is currently available only to Senders and Recipients who are U.S. residents and who otherwise meet the requirements of these Terms of Service. The P2P Service may not be used for business, commercial or charitable transactions. > 6.2.a.iii For a Funding Account that is an ACH-enabled checking or savings account, initiate a debit through the ACH Network in the P2P Payment amount. > 6.6 GPC may charge fees in accordance with the then-current fee schedule, as stated herein. Google Wallet may assess a fee of 2.9%, with a minimum fee of $0.30, per P2P Payment charged to the Sender for P2P Payments processed through the Service. Such fee shall be waived where your Google Wallet Balance is used for the P2P Payment, or an ACH-enabled checking or savings account is the Funding Account for the P2P Payment. Looks like they've beat out Dwolla here. Ouch. I'm also really interested in what forbidding "charitable transactions" actually entails. Is it just donations to 501(c)(3)s or is it gifts of other types? How about political donations? And what's its primary purpose? My first thought was that it must be for tax reasons, but then I remembered that people who want to prevent PayPal charge backs often request that payments be marked as "gifts", so it can't be disputed. [1] https://wallet.google.com/legaldocument?family=0.buyertos&gl=US# https://wallet.google.com/legaldocument?family=0.buyertos&#3...