Google Checkout: Google’s Internet Payment System
By Angsuman Chakraborty, Gaea News NetworkWednesday, June 28, 2006
This week, possibly as soon as Wednesday, Google is expected by many to unveil a new Internet payment system. It may start out as an online wallet but could become a PayPal-like infrastructure for payments across the Web, handling everything from skis to music and videos, analysts said Tuesday.
As a wallet system, Google Checkout would let shoppers carry their payment information around to multiple different merchants and save them the time of having to enter their credit card and billing data every time they shop, Rashtchy said. Users are expected to be offered rebates, and merchants can get discounts on ads.
Google Checkout has been billed by some reports as a “PayPal killer,” but it’s likely to be much more, Rashtchy and other analysts said.
“I think that if this thing succeeds, it will eventually succeed where PayPal hasn’t…as an efficient payment mechanism for a wide range of e-commerce transactions,” said Safa Rashtchy, an analyst at Piper Jaffray.
I am looking forward to it. PayPal is proving too costly for small to medium merchants. Also internet commerce will boom with an efficient micro-payment system.
Note: Name updated.
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April 4, 2008: 4:06 pm
Google is taking money that they are not authorized to take! I ordered a cd for 1.95 and never got it through the mail. I didn’t think much of it. Then after a couple months bank account is going down. The account I used went into the red because they were taking 39.95 without my knowledge and now I have to have my Bank deal with the matters because it is all fraud!! When I tried to research this stuff on “google”….strange….I get all kinds of complaint pages but google won’t let you print out those pages somehow. So I took pictures! Proof enough. Plus I do have the links however long they will let them stay up. |
 Frances Rumpf |
September 29, 2007: 6:35 am
I was billed for “Growing Rich With Google”. I did not purchase “Growing Rich With Google” and I resent having my bank account charged $29.95. |
Roxanne Osmundson