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PHILADELPHIA (CBS) – Google is giving PayPal a run for its money by letting people send money via Gmail.

According to CNET, the new service uses Google Wallet and lets people send money to anyone with a U.S. based email address.

Gmail users only need to secure their Google accounts and set up their Google Wallet with credit card, debit card or bank account information and then you’re ready to send, receive and transfer funds.

CNET says there is currently no fee for using a credit or debit card while the feature is being rolled out but a 30 cents fee per transaction will be added after the introductory period.

The new feature is set to roll out in the coming weeks, but Gmail users can get it sooner if someone they know sends them money with the feature.

For more information visit: howto.cnet.com.

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