The eBay, PayPal, and Google Fight Club - The New Contender
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Since the launch of Google Checkout, Google has repeatedly explained that PayPal has nothing to fear from its service, and that its main focus is on the online merchant, not auction customers. Google Checkout is, according to Google, a safer and more convenient way to shop online.
If you buy three things from three different merchants, this means three different forms to fill out upon checkout, which means several minutes for each, and three different orders to track, and three different logins to keep track of. With Google Checkout, you only need to fill out the initial registration with Google, and that’s it.
Some of the benefits of the new service are:
- The ability to keep all your online orders in one place.
- An end to the need to fill out multiple forms for multiple stores; with Google Checkout you only need to fill out one form.
- Fraud protection by keeping your credit card information secret from the sellers.
- Control commercial spam by keeping your email protected.
- Check out more quickly.
Web sites and merchants can integrate Google Checkout into their sites as an alternative payment processing method to existing checkout and credit card processing systems, said Salar Kamangar, vice president of product management at Google. Merchants using the system will be charged a processing fee of 20 cents per transaction, plus 2 percent of the relevant purchase price. Customers who pay for search-related keyword ads through Google AdWords will be able to process, free of charge, transactions that add up to 10 times the dollar amount of their AdWords spending, Kamangar said.
The eBay-PayPal team doesn’t believe a word Google says, however. EBay has updated their accepted Payments Policy to include Google Checkout as a payment service not permitted on eBay. While so far no explanation on eBay’s account has been offered as to why Google Checkout was added as a non-accepted payment service, the speculation is that eBay will offer a weak excuse that Google Checkout is a new, non-tested, and therefore fraud-susceptible payment service. However, with the ongoing tensions among the three giants, it’s clear to the rest of us that this is a further step in the eBay-PayPal monopoly distancing itself from Google.
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