Google Wallet Set to Discontinue Prepaid Cards Starting October 17
Google Wallet Makes Prepaid Card Refund Live Credit:play.google.com
Google Wallet will be discontinuing the support for prepaid cards from Oct.17. Per reports, the company has just told users that their prepaid cards will be discontinued and has urged them to spend any remaining balance, since the card will disappear next month.
Starting Oct.17, users will no longer be able to add prepaid funds or a new card. According to Google, the change is happening because the Wallet recently added support for all major U.S. credit and debit cards. This support makes the service much easier and fluid for users.
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By navigating the Payment Cards section of the Google Wallet app and tapping on Google Prepaid Card, users can check if they have any funds remaining on their card. What's more, users will not be compelled to spend the exact amount of their balance as the Wallet will support most of the merchants and the user can cover the remainder of a purchase with any other payment method.
"Previously, you were charged a $2.00 monthly maintenance fee after 180 days without any transactions. Now, you will be charged this fee after 30 days without any transactions. This fee is automatically deducted from your Google Prepaid Card balance," the official Google Wallet page states.
It is important to note that users won't be charged any fees as long as they spend their balance before the specified date. However, if the user misses the October deadline he/she can apply for a refund at the official page.