Google Pay, formerly Google Tez application, allows you to send money to and receive money from others over the Unified Payments Interface (UPI). When compared to traditional payment transfer methods such as NEFT and RTGS, UPI allows you to send and receive money directly from and to your bank account in real-time, similar to a text message.
Let’s go over how to set up Google Pay, add a bank account, and transfer or receive money over UPI.
How does Google Pay work?
The Google Pay service allows users to send and receive money; however, unlike other digital wallets, payments can be received directly into bank accounts. As a result, the issue of receiving money in wallets and subsequently transferring it to a bank account is no longer an issue.
To receive payments, a person does not need to be using the Google Pay app. Even though their website, Google Pay simplifies the procedure of money transfer.
In addition to facilitating simple money transfer transactions, the app allows users to pay in stores that accept UPI.
The user must perform the following actions:
1. Connect your bank account to Google Pay.
2. Configure the UPI pin.
How to receive money from Google Pay
1. Launch Google Pay.
2. Swipe down from the centre of the screen to ‘Receive.’ Request that the other individual swipe the circle up toward ‘Pay.’
3. To pay you, the other person must tap on your photo. You will see their name on your screen once they have started the payment procedure.
How to receive and send money using Google pay
You can send or request money after successfully adding your bank account.
Step 1: Enter the UPI ID, QR code, or mobile number of the person you want to send money to. Tap can also be used in Cash Mode.
Step 2: Enter the amount and complete the payment after authenticating with your UPI PIN.
Step 3: To request a payment, users must input the amount, optionally add a comment, and click ‘Request.’
Step 4: We also paid with Tap for Cash Mode. The sender and the receiver must be close for this to operate.
How to Register for a Google Pay Account
Android users must guarantee that their device runs Android 4.4 Kitkat or higher before creating a Google Pay account. iPhone and iPad users need to have iOS 8.2 or above installed.
Step 1: Install the Google Pay app for Android (Google Play Store) or iOS (Apple App Store) (App Store). Open the app and input the cellphone number associated with the bank account you want to add.
Step 2: Google will send an SMS to your mobile phone to verify your phone number. Manually enter your one-time password (OTP) or allow the app to access SMS.
Step 3: Create a Google PIN for added security. You have the option of using Google PIN or your phone’s screen lock. If you use Google PIN, make sure you’re connected to the internet when you unlock the app.
Add money to your Google Pay balance
Step 1
To contribute money to your Google Pay balance, you must first verify your identity. Open the Google Pay app and tap your profile picture or account icon once you’ve been verified.
Step 2
Tap on your Google Pay balance to view it.
Step 3
Add money by tapping it.
Step 4
Tap Next after entering the amount of money you want to add.
It is important to note that the minimum amount of money you can add is $10.
Step 5
Tap Add after selecting your bank account.
Step 6
Tap Done.
How to receive money via Google Pay without a Bank Account
A bank account cannot be used to send money to someone who doesn’t have the new Google Pay app or who doesn’t enable people to find them. You can still send money to them using your debit card or Google Pay balance.
How long does it take for Google Pay funds to be received?
The time it takes to receive money is determined by the payment method used by the sender. Unless the sender sends a payment through their bank account, payments are usually instant or happen within a few hours. Bank account payments can take up to 3–5 business days, and payment appears as a pending transaction during this time.