How to transfer money from credit card through Google Pay?

Sending Money from Your Credit Card via Google Pay: A Step-by-Step Guide

While Google Pay is primarily designed for contactless payments at point-of-sale locations, the ability to directly send money from your linked credit card isn’t a built-in feature. Google Pay acts as a payment method, not a direct money transfer service like PayPal or Venmo. Therefore, you can’t initiate a transfer from your credit card balance through Google Pay to another person’s account.

The common misconception arises because you can use your credit card through Google Pay for purchases. This means the purchase is charged to your credit card, but the funds still go to the merchant. You are not sending money directly to another individual.

What You Can Do:

To send money from funds available on your credit card, you need to utilize a separate money transfer service. Here’s how you can achieve this using Google Pay (indirectly) and other popular methods:

1. Transfer to your bank account, then send: This is the most common workaround. First, you need to pay your credit card balance down using your bank account (or available credit). Then, initiate a transfer from your bank account through a service like Google Pay’s integration with certain banking apps (if available in your region). This relies on your bank offering Google Pay integration for transfers. Some banks allow peer-to-peer (P2P) payments directly through their mobile app.

2. Use a dedicated P2P payment app: Services like PayPal, Venmo, Cash App, or Zelle allow you to link your bank account or credit card. While you might be able to add your credit card, most of these platforms will prioritize using your bank account for transfers to avoid incurring interest or fees. You will add your credit card details to these apps and then use the app to send money to the recipient. This adds an extra step but ultimately allows a transfer from the available credit on your card. Remember to check the fees associated with these transfers.

Important Considerations:

• Fees: Be aware of any transaction fees imposed by your bank, credit card company, or the P2P payment app. These fees can vary depending on the service and transfer amount.
• Credit Card Terms: Review your credit card agreement for any limitations or restrictions on using your card for online money transfers.
• Security: Always ensure you are using secure and reputable platforms for financial transactions to protect yourself from fraud.

In summary, while you can’t directly send money from a credit card via Google Pay, using it in conjunction with your bank account or a P2P payment app provides a viable alternative. The process involves utilizing Google Pay for its payment integration capabilities (as allowed by your bank) or leveraging other platforms designed for person-to-person money transfers. Remember to choose the method that best suits your needs and always prioritize security.