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Google Launches PayPal Rival

timothy posted more than 8 years ago | from the lookit-all-them-teeny-payments-vern dept.


Google Checkout Launched

Roy van Rijn informs us that Google's new online payment system is now online. "Under the name Checkout, the venture offers an incorporated manner to search, advertise and pay. If you buy something on Checkout, 2% and $0.20 go to Google. Paypal, the biggest competitor uses 1,9% and $0,30. Analysts compare Google/Paypal to for example Visa/Mastercard living peacefully together, while others predict the end of Paypal." W3K adds "You can use your Google account to store an unlimited number of credit cards and addresses. The service allows you to track all your orders and shipping in one place," and adds a link to a quick video tour.

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End of Paypal ? (2, Funny)

DrSkwid (118965) | more than 8 years ago | (#15626946)

Yeah, I'm sure eBay will let that happen.

Re:End of Paypal ? (5, Funny)

grazzy (56382) | more than 8 years ago | (#15626953)

I'm not sure gBay agrees.

Re:End of Paypal ? (5, Insightful)

CastrTroy (595695) | more than 8 years ago | (#15626995)

Just like GMail meant the end of Yahoo Mail, Hotmail, and the myriad of other online mail services. And how Google Maps meant the end of Mapquest andd MS Maps (??). I know that Google has created some welcome competition to many online services, forcing them to improve their offerings, but it hasn't completely killed the competition. Most people I know haven't switched from their current providers. However, I'm sure they would have if Hotmail stuck to 2MB, and Mapquest didn't touch their interface. I'm happy google's here, because it makes everyone else have to try harder. Let's hope the same happens to E-Bay. They haven't changed their interface since their inception.

Re:End of Paypal ? (4, Insightful)

WindBourne (631190) | more than 8 years ago | (#15627174)

Well, killing an email service is very difficult. Nobody wants to go through the hassle of sending a new e-mail address to everybody they know. So it is expecte that there would be a very slow change on this front.

But changing their mapping service as well as who they pay through, that is a whole other issue. Mapquest and MSN maps have been losing business. In light of the continual growth of the net, that is very telling. I would guess that Google is not going to kill off paypal tomorrow or over the next 10 years. But I would also bet that paypal will lose more than half of their business within five years and continue a downward trend unless they make a major change. Since ebay has taken over paypal, they have abused stores as well as users. Their attitude may start to change back to what it was.

Re:End of Paypal ? (5, Insightful)

grapeape (137008) | more than 8 years ago | (#15627187)

Big difference between paypal vs google and the competing mail services. People have had a choice for years. No one complains about free email its reliable, its there, its ubiquitous. What irritates people with Paypal is the rather random enforcement of buyer and seller protection coupled with their stranglehold on ebay that pretty much makes any other method of payment impossible. After paying listing fees, final value fees, paypal fees, extra paypal fees if you want to be able to take credit cards, and dealing with buyers protection which is in my experience used in scam attempts as much as in real disputes, the ebay/paypal racket is hardly a bargain.

After all that, I still use it on occasion because I have no choice, thats the difference.

NYT article (5, Interesting)

ems2 (976335) | more than 8 years ago | (#15626948)

NYT times [nytimes.com] also has a interesting article on this with quotes about Google's plans on what they want to do with this product.

Re:NYT article (0)

Anonymous Coward | more than 8 years ago | (#15626991)

Nice to see that only online shopping occurs by US residents.

  By agreeing to this Terms of Service for Buyers, you represent that you are:

        * 18 years old or older;
        * capable of entering into a legally binding agreement; and
        * a resident of the United States.

Re:NYT article (1)

KingOfGod (884633) | more than 8 years ago | (#15627076)

Especially because you can select a very broad range of countries from a drop-down box when typing in your delivery address. On the other hand, I dont remember checking a box labeled "I agree to these terms and services".

Re:NYT article (3, Funny)

novus ordo (843883) | more than 8 years ago | (#15627055)

"The goal here is to make it be one nanosecond from the time the customer decides to buy to the time the transaction is complete and the product is on the way," Mr. Schmidt said.
Impulsive shopping here we come!

Re:NYT article (-1, Offtopic)

mgblst (80109) | more than 8 years ago | (#15627115)

Google is charging merchants 20 cents plus 2 percent of the purchase price to process card transactions, less than most businesses pay for credit card processing.
Who the fuck writes 2 percent instead of 2% - are they gonna wright 5 dollars as well??? No.

Re:NYT article (4, Funny)

NatasRevol (731260) | more than 8 years ago | (#15627151)

"Wright 5 dollars"

Does it have an old plane as the background image??

Re:NYT article (2, Insightful)

alexmin (938677) | more than 8 years ago | (#15627166)

Probably the last thing I want is to "use payment and shipping information they keep on file with Google" (quote from TFA). Keep my info in vast searchable financial database which makes it attractive to black hats and goverment?

No thanks , I'd prefer to spend a minute to create one-off credit card number each time I shop.

paypal's safe as long as it has a monopoly at eBay (2, Insightful)

joe545 (871599) | more than 8 years ago | (#15626955)

No matter how much I dislike PayPal, I'm forced to use it if I want to buy something from eBay. Until GoogleCheckout tries to break PayPal's monopoly at eBay (it surely can't be legal) I can't see the demise of PayPal happening. This isn't the beginning of the end but the end of the beginning.

monopoly at eBay (3, Informative)

giorgiofr (887762) | more than 8 years ago | (#15626967)

Monopoly? I can accept payments in about 3615 different ways on eBay. What are you talking about?

Re:monopoly at eBay (5, Funny)

Anonymous Coward | more than 8 years ago | (#15627114)

Name 412 of them.

Re:monopoly at eBay (2, Insightful)

andrewman327 (635952) | more than 8 years ago | (#15627142)

Most people have no idea what a money order is, although they are sometimes the best means of paying on EBay and cost less than . People seem to think that they can only pay through PayPal.

Re:paypal's safe as long as it has a monopoly at e (2, Insightful)

Threni (635302) | more than 8 years ago | (#15626992)

> No matter how much I dislike PayPal, I'm forced to use it if I want to buy something from eBay

I think, with this and other online payment systems, you won't actually need to use eBay for much longer. The combination of eBays shocking lack of regard for blatant scams, their stock - ineffectual and often incorrect or irrelevant - replies to complaints, and the way they push their inherently unsafe PayPal* system has put me off using them.

*When is the money mine? As a seller I mean? For how long afterwards can someone just take the money out of my account? How have PayPal managed to piss off so many people so quickly?

Re:paypal's safe as long as it has a monopoly at e (3, Informative)

The Cisco Kid (31490) | more than 8 years ago | (#15627011)

You are not forced to use Paypal to pay for eBay auctions. Each seller, for each item they list, can choose what payment methods they accept. Some accept PayPal, some don't. Some accept only PayPal. Some will accept Money orders. Even for sellers that only accept PayPal, you can usually pay them through PayPal using your CC without creating a PayPal account - in effect just making PayPal their CC processor.

Re:paypal's safe as long as it has a monopoly at e (1)

Frosty Piss (770223) | more than 8 years ago | (#15627092)

In practice, however, most ebay transactions are done with paypal.

Huh? (0)

Anonymous Coward | more than 8 years ago | (#15626956)

1-9% or 1,9% or 1.9%? Is there a specific price where Paypal is cheaper?

Re:Huh? (1, Informative)

Anonymous Coward | more than 8 years ago | (#15626988)

1-9% or 1,9% or 1.9%? Is there a specific price where Paypal is cheaper?

Uh, .30 + 1.9%x = .20 + 2.0%x, so .10 = .001x, or x = $100

So up to $100, Google is cheaper, above $100 Paypal is cheaper.

Re:Huh? (1, Informative)

tiltowait (306189) | more than 8 years ago | (#15627022)

I believe the comma in lieu of a period in a European thing. Kinda looks pretentious, but submitter has a .nl address. Not the best copy edit to use them interchangeably however.

My math says that Google would be cheaper for anything over $100.

Re:Huh? (2, Insightful)

Silver Sloth (770927) | more than 8 years ago | (#15627059)

Kinda looks pretentious,

It doesn't look pretentious if you're European, it looks normal. There is a world outside the evil empire! I will, however, agree that one shouldn't mix standards.

Re:Huh? (1)

wirelessbuzzers (552513) | more than 8 years ago | (#15627084)

Right crossover point, but you got it backward.

PayPal is cheaper for anything over $100.

Re:Huh? (1)

djmurdoch (306849) | more than 8 years ago | (#15627107)

My math says that Google would be cheaper for anything over $100.

You live in the Bizarro World [wikipedia.org] , don't you? I guess the moderator does too.

Re:Huh? (2, Insightful)

bWareiWare.co.uk (660144) | more than 8 years ago | (#15627149)

Odd, my maths says Google would be cheeper for anything under $100.

Buy why O' why no micropayments, wake me up when they have a 10% + $0 option.

Good for the customers (2, Informative)

BigDuke6_swe (899458) | more than 8 years ago | (#15626961)

Let's hope there won't be a need to create more sites like this, http://www.paypalsucks.com/ [paypalsucks.com] . Because Paypal works pretty good and what seems to be what people complain the most about is the poor handling of fraud and disputes.

Re:Good for the customers (1)

Lord Kano (13027) | more than 8 years ago | (#15627091)

Have you ever tried to get a direct answer from PayPal about a policy question?

It literally took me two months of dealing with stock replies to get an answer to why they forbid payment for certain legal items.


So if they want to be banks... (4, Insightful)

Anonymous Brave Guy (457657) | more than 8 years ago | (#15627129)

Personally, you won't find me going near most of the services offered by the likes of Paypal and now Google until organisations that are acting like banks or credit companies are regulated like them as well. My high street bank and credit card have pretty crappy customer service at times, but compared to some of the things Paypal's been accused off, the other guys are saints.

Re:Good for the customers (1)

LMacG (118321) | more than 8 years ago | (#15627139)

How is poor handling of fraud and disputes "work[ing] pretty good"?

Does it work without javascript? (1, Interesting)

Anonymous Coward | more than 8 years ago | (#15626965)

Paypal and ebay do, just not very well. If this google thing works well without js, I'm closing my paypal account.

Re:Does it work without javascript? (0)

Anonymous Coward | more than 8 years ago | (#15627090)

Seems not, it refuses to accept my password or expiration date and I thought google was supposed to employ smart people :-/

Money transfers? (4, Interesting)

Poromenos1 (830658) | more than 8 years ago | (#15626979)

My biggest question is if I can use my checkout funds to pay for stuff. I live in Greece, so I can't withdraw PayPal funds (cheaply, anyway), but I can use it to pay for my hosting/online shopping. If I can't do this with Google Checkout, it's all but useless to me.

Re:Money transfers? (0, Troll)

Jesus_666 (702802) | more than 8 years ago | (#15627007)

Don't worry. If the availability of things like Google Maps and Google Video are any indicator, Google Checkout will be available in Europe somewhere around 2008.

Re:Money transfers? (1)

Threni (635302) | more than 8 years ago | (#15627037)

> If the availability of things like Google Maps and Google Video are any indicator, Google Checkout
> will be available in Europe somewhere around 2008.

I'm in the UK and Google Maps has been working just fine here for at least a year.

http://maps.google.com/maps?f=q&hl=en&q=downing+st reet,+london&ie=UTF8&ll=51.500381,-0.124454&spn=0. 00156,0.005407&t=h&om=1 [google.com]

Re:Money transfers? (1)

MindStalker (22827) | more than 8 years ago | (#15627104)

Umm yes, the point was that google maps existed for almost two years as US only. So if google checkout does the same it could be 2008. Probably not.

Re:Money transfers? (3, Funny)

mgblst (80109) | more than 8 years ago | (#15627073)

Larry Page: Alright everybody, I have some bad news for you.
Staff: What is it Larry?
Larry: Apparently the new Gpay system is no good to some guy in Greece, so scrap it.
Staff: Oh no, all that work for nothing.
Larry: Yeah, I know, but what can you do. Guys, I am heading back to the Garage.

Just kidding, really, your opinion is important to us!

Re:Money transfers? (5, Funny)

Poromenos1 (830658) | more than 8 years ago | (#15627096)

Learn the difference between "Gpay is useless" and "Gpay is useless to me". I would pay for your English lessons, if I could use Gpay to transfer funds from Greece.

Credit Card Replacement? (2, Interesting)

the_unknown_soldier (675161) | more than 8 years ago | (#15626981)

I watched the video.. didn't RTFA though. Does anyone think this it is weird that google is advertising this as a replacement for credit cards?

Paypal markets itself as a "safe" alternative for things like ebay, and easier to use for things like donations and small online stores that might not be able to use credit card facilities. Yet google is advertising this as a replacement for credit cards on all of your purchases. Would you be prepared to pay 2% on every single purchase you made at an online store just so you don't have to "fill out forms"? This seems silly to me at best.

I can't imagine ever using paypal for any real purchase. This sort of thing should only be needed for small and unsafe purchases.

Also, considering how long it took paypal to have Australian checking account support, I'm not going to hold my breathe on Google!

Customers DON'T pay... (5, Informative)

jsharkey (975973) | more than 8 years ago | (#15627009)

Would you be prepared to pay 2% on every single purchase you made at an online store just so you don't have to "fill out forms"?
Remember, the $0.20 + 2% is paid by the seller and is taken out of the actual price. Consumers will see no price difference.

Re:Customers DON'T pay... (0)

Anonymous Coward | more than 8 years ago | (#15627034)

This is naive, like saying customers don't pay taxes levied on the seller. EVERYTHING is paid by the customer - the only difference is whether the payment is explicit or buried in the cost of doing business...

Re:Customers DON'T pay... (1)

MrShaggy (683273) | more than 8 years ago | (#15627116)

To continue the thought here.. many stores here advertise a cash price. So if pay by credit, they tell you that there is that surcharge.

Re:Customers DON'T pay... (1)

duffbeer703 (177751) | more than 8 years ago | (#15627184)

99.9999% of online transactions are done via credit cards, which typically have higher fees that what Google is charging.

So stop beating the dead horse, he's dead already!

Re:Customers DON'T pay... (1)

BigDogCH (760290) | more than 8 years ago | (#15627040)

Which isn't any different than credit cards right? Does anyone know what Visa and the others charge for their service?

Re:Customers DON'T pay... (5, Informative)

Fnord666 (889225) | more than 8 years ago | (#15627074)

Does anyone know what Visa and the others charge for their service?
The amount charged to merchants for a sale varies greatly depending on the agreement between the merchant and the card processor. Factors can include the number of monthly transactions, total monthly dollar amount, number of chargebacks, swiped vs. manually entered transactions, etc. In general the google figure is probably in line or a bit lower than what most small business merchants are charged per transaction.

The interesting things will be how chargebacks are handled, what fraud prevention measures are in place, and who eats the cost of fraud. With a credit card I get a lot of protection and infrastructure that handles all of this. Google will have to at least match this before I will consider using it.

Personally I still don't know how Paypal manages to avoid being classified as a bank by the government.

Re:Customers DON'T pay... (1)

novus ordo (843883) | more than 8 years ago | (#15627168)

According to the NYT article [nytimes.com] mentioned in this [slashdot.org] post:
"Banking industry executives say that credit card processors typically pay MasterCard and Visa a fee of 30 cents and 1.95 percent for every purchase"

So google is 0.05% more expensive but 10 cents cheaper per purchase. To be a nerd, Google will be more expensive when
Price * 0.0005 > $0.10 so Price > $200. But even then we are talking a difference of pennies.

So Google is about there or maybe even a little cheaper or expensive depending on purchase price.

Re:Credit Card Replacement? (1)

BugDoomBug (965033) | more than 8 years ago | (#15627025)

There was an article?

Re:Credit Card Replacement? (1)

ElBeano (570883) | more than 8 years ago | (#15627046)

Actually, the 2% is less than what most merchants effectively give up when they receive purchases by cc. Here, the buyer pays. Trust me, merchants will be happy to favor a system where the buyer pays for processing the transaction, as long as the Google system is as fair to them as the terms of their merchant acct (not too hard at all).

Re:Credit Card Replacement? (1)

ubergenius (918325) | more than 8 years ago | (#15627060)

How much does it cost to use Google Checkout?

It's free! You'll only be responsible for paying for your purchases, including taxes and delivery fees (if applicable). You won't be charged any additional costs for making a purchase through Google Checkout.


It seems like it will be, in traditional Google form, free. No fees.

Re:Credit Card Replacement? (1)

linvir (970218) | more than 8 years ago | (#15627148)

Not quite [google.com] . Buyers just won't be able to see the cost.

Re:Credit Card Replacement? (1)

Jesus_666 (702802) | more than 8 years ago | (#15627106)

Would you be prepared to pay 2% on every single purchase you made at an online store just so you don't have to "fill out forms"? This seems silly to me at best.

I would pay 2% on evry single purchase made if it means that I don't have to own a credit card. I occasionally order stuff overseas (e.g. at Thinkgeek). Since for some reason I can't make a standard EU bank transfer to a bank outside the EU and the USA seem reluctant to become an EU member, ordering anything overseas usually means having to use a credit card.
(And yes, even when using Paypal I have to provide a CC no. as for some reason they can't take money out of my account when I'm ordering something overseas. Making donations overseas works fine, though.)

I'm a student and I certainly don't have the money to pay for a credit card that I use about twice a year. Sure, I have relatives I can tunnel the payment through, but that adds additional delays and is only really worth it when I'm making a big payment. Paying 2% extra would make sense for small payments. At least more than paying for a credit card I don't need.

If Google GiveUsYourMoney works like PayPal but without requiring a credit card for most interesting transactions I'm all for it.

Not likely, at least here in the UK (1)

Anonymous Brave Guy (457657) | more than 8 years ago | (#15627161)

Yet google is advertising this as a replacement for credit cards on all of your purchases.

That seems unlikely, at least here in the UK, where credit card companies become jointly liable with the seller for purchases within a fairly wide price range. As a result, you'll find PC magazines and the like usually recommend using a credit card to pay for major purchases, because if the seller goes bust before shipping, you can get your money back from the credit card company. The card companies are unsurprisingly reluctant to pay up too often, but they know that in genuine cases they can be forced to in court, so if a company you're dealing with does fold, using a credit card does provide useful protection. Unless Google's facilities fall under the same consumer credit laws, I doubt they'll take much custom away from credit card companies on this side of the pond.

Obligatory disclaimer: If you get your legal or financial advice on Slashdot, you're a very silly person. The above was pretty much general knowledge the last time I checked, but if it matters to you, go read the small print for yourself.

Ebay? (3, Insightful)

dohcvtec (461026) | more than 8 years ago | (#15626984)

So, can it be used as a method of payment for Ebay auctions and other person-to-person transactions?


I don't think PayPal will be going away anytime soon. PayPal's business is driven by Ebay, and PayPal is part of Ebay.

Google isn't a "Consumer" company. (0, Troll)

cybrthng (22291) | more than 8 years ago | (#15626989)

The customer support SUCKS unless you are spending well over 60k a month or generating revenues in excsess of 10-15k a month.

I'm not sure how google can swing such a project when they refuse to answer questions, they freeze more accounts tha paypal ever has done and they don't provide a good user/consumer experience.

Google is all about satisfying few and reaping the rewards. Until they change their supremacy know it all attitude.. i won't "buy" it.

Re:Google isn't a "Consumer" company. (0)

Anonymous Coward | more than 8 years ago | (#15627053)

Mod up, +1 random tirade

Re:Google isn't a "Consumer" company. (1)

spacefight (577141) | more than 8 years ago | (#15627127)

"they freeze more accounts tha paypal ever has done"

Yeah right. Any proof of that? What kind of accounts? Google Checkout accounts? I assume that they haven't even that many accounts yet (rememeber, they started today) as Paypal ever closed so far...

Hooray! (3, Funny)

chrismcdirty (677039) | more than 8 years ago | (#15626990)

Now Google can keep all of my credit cards on file for me! Maybe the NSA should contract them for a new domestic spying program.

Re:Hooray! (1)

Pirogoeth (662083) | more than 8 years ago | (#15627064)

I suspect that if the NSA has some interest in your credit card number, they'd be able to quickly figure it out whether you had it registered on Google or not...

Re:Hooray! (1)

mgblst (80109) | more than 8 years ago | (#15627100)

I don't want to give my bank details/ credit card info to ebay (I already give it to paypal), so this is also a concern.

That being said, I would put more trust in Google to do things correctly, and not accidently send my details to the population of the internet, or leave some server open, or sell of some hardrive with it.

Re:Hooray! (1)

Ash-Fox (726320) | more than 8 years ago | (#15627141)

I don't want to give my bank details/ credit card info to ebay (I already give it to paypal), so this is also a concern.
Paypal and eBay are the same company, it's too late for you.

New Revenue Streams Trend to Conservatism (5, Interesting)

kthejoker (931838) | more than 8 years ago | (#15626997)

I think the most important thing about this entire endeavor is that it is the first Google product that plans on actually introducing a revenue stream besides advertising to the company (especially since the Google Pay Video system has more or less fell through at this point in time.)

I'm not quite sure what that means for the long-term health of the company, but I suspect that the more streams of revenue a company has, the more likely they are to become conservative, entrenched, and reluctant to embrace change. Google has managed to avoid all that because they've had a strong beam focus on a single revenue stream (ad dollars) - as they start matriculating, I suspect that beam focus will dissipate.

But then again, they're Google - they just work smarter than basically every other company out there today. So I put nothing out of their reach.

Paypal has one thing on google... (3, Interesting)

JumperCable (673155) | more than 8 years ago | (#15626998)

4.7% interest on money contained in paypal accounts, no minimum. That's hard to beat for a pretty liquid fund of money.

Re:Paypal has one thing on google... (1)

FooAtWFU (699187) | more than 8 years ago | (#15627134)

4.7 percent? Holy APR Batman! I can't even get a 60-month CD with interest like that.

PayPal isn't going anywhere anytime soon (3, Interesting)

Whafro (193881) | more than 8 years ago | (#15627001)

While we all love Google and everything it produces over here on slashdot, I don't think that they are going to crash PayPal's party in the too near future.

This is what they said when Blockbuster started competing with NetFlix, but NetFlix is doing quite alright by themselves, and PayPal is, in my opinion, in better shape in their space than NetFlix was. PayPal and eBay are pretty good bed buddies, and PayPal is already accepted on thousands of other websites. People know the name, people have used it before, people know it works.

Regardless of how great the product Google produces turns out to be, people will still use PayPal as long as PayPal remains competitive, which I imagine it will. I mean, for all the people who rave and rant about how amazing Gmail is, the mailing list that my mom's quilt shop has accumulated is saturated with yahoo, hotmail, and aol addresses, with not a single gmail address to be found out of a few thousand names.

just great (2, Informative)

BugDoomBug (965033) | more than 8 years ago | (#15627004)

An additional spam header coming your way

"Dear Valued Customer, In an effort to protect your security and combat identity fraud we need to periodically confirm your account activity and identity. Please click here, login using your google account information, and complete the highly detailed personalized questionaire.

Not a Phishing Attempt

So anyone grab checkoutgoogle.com for this yet?

Interconnected services (5, Insightful)

SolitaryMan (538416) | more than 8 years ago | (#15627006)

OK, I acknoledge that I'm paranoid, but the thing that makes me nervous about google services is that thay use single account for all purposes. This not only allows to keep track of my whole life, but also allows a person, who hijacks my email account, take control over my mail, internet messenger (IM was used for several famous frauds in Russia), and now money directly!

Micropayments (4, Interesting)

Threni (635302) | more than 8 years ago | (#15627010)

> 2% and $0.20

So they didn't want to just take the 2% so it could be used by websites to charge tiny amounts of money per page/hour etc? $0.20 blows that intriguing possibility out of the water. They could accrue the amounts spent until it reached some value where the transaction was worth performing, if they're worried about thousands of $0.001 hits slowing down their system or costing too much to run.

US residents only! (5, Informative)

dapyx (665882) | more than 8 years ago | (#15627015)

Has anyone noticed it's only for US residents?
By agreeing to this Terms of Service for Buyers, you represent that you are:
18 years old or older;
capable of entering into a legally binding agreement; and
a resident of the United States.

Re:US residents only! (1)

pcgamez (40751) | more than 8 years ago | (#15627077)

Duh? When US based companies release a new (virtual) product, they usually test it in a single market first.

Re:US residents only! (1)

cyberdanx (937677) | more than 8 years ago | (#15627125)

When you log in it allows you to pick a country. The TOS says U.S. resisdents only though. Suppose it depends how you interpret 'resident'. ;) Hopefully if they roll it out elsewhere they'll support Maestro.

Re:US residents only! (3, Interesting)

psycln (937854) | more than 8 years ago | (#15627138)

Funny thing, I just signed up for checkout with my G Account and all I had to do is specify a different country.

I even tried buying something from Buy.com and got the Oops [imageshack.us] from Google.

Visa and Mastercard aren't the best examples... (1)

Vellmont (569020) | more than 8 years ago | (#15627016)

I actually thought they were the same company, but apparently they just work very closely together, to the point that the US Justice Department sued them over common ownership affecting competition.

What? No Bank Account Support? (1)

glasgowm (985797) | more than 8 years ago | (#15627020)

I'll have to stick with Paypal until Google Checkout adds support for bank accounts. :(

Correction. (2, Interesting)

Funkcikle (630170) | more than 8 years ago | (#15627023)

"The service allows you to track all your orders and shipping in one place"

Should read as:

"The service allows Google to track all your orders and shipping in one place"

Credit-Card Only? (1)

KarMax (720996) | more than 8 years ago | (#15627024)

For now Google CheckOut its CreditCard only...

I don't see anything that says they will support users without a credit card (or any other sort of payment).
How do you see this?
IMO almost everybody who buy something on Internet has a Credit Card. right?

There is another "google-thing" that has came without a "public"-beta version? (AFAIK checkout doesn't has any public beta)

Money is the route of all evil (1)

Gax (196168) | more than 8 years ago | (#15627026)

I hope their security is good. Unified payment systems present a target to hackers.

huh? (-1, Redundant)

minus_273 (174041) | more than 8 years ago | (#15627029)

"Paypal, the biggest competitor uses 1,9% and $0,30"

I know we hate papal, but 19%, $30 ? huh? whats with the comma placement?

Re:huh? (0)

Anonymous Coward | more than 8 years ago | (#15627056)

You ignorant bastard... probably American!

Re:huh? (1)

BenjyD (316700) | more than 8 years ago | (#15627119)

Different locales [ibm.com] do things differently, I imagine the submitter is European.

Re:huh? (2, Informative)

Bitsy Boffin (110334) | more than 8 years ago | (#15627120)

Different parts of the world use different symbols for numeric representations, comma is used as a decimal separator in sme locales, I suspect that it is in The Netherlands, where apparently the submitter comes from. He probably just typed it in the second time out of habit, the rates for Google perhaps he copy and pasted, or specifically remembered he's talking to a predominatly American audience.

Need more payment options! (5, Interesting)

RemovableBait (885871) | more than 8 years ago | (#15627042)

Before Google Checkout has much hope of usurping PayPal, they'll need to accept more payment options.

Paypal currently allows payment direct from a bank account (I don't expect Google to need this), Visa, Mastercard, Amex, Delta, Maestro, Visa Electron, Solo, Discover, and more if you count their other services. That's at least 10 ways to pay.

Google, on the other hand, accept Visa, Mastercard, Amex and Discover. With only 4 ways to pay, I suspect Google Checkout is not an option for many people.

Disclaimer: I live in the UK and this is based on my experience with the UK PayPal service. I also agree with the sentiments of paypalsucks.com, and would like to see Google smash PayPal to pieces if they can Do No Evil. YMMV.

Re:Need more payment options! (1)

rayde (738949) | more than 8 years ago | (#15627170)

with Google Checkout being currently available in the US only, i think the 4 methods they accept will cover most households.

more info (4, Interesting)

feamsr00 (746721) | more than 8 years ago | (#15627044)

It would seem I wasnt fast enough to post this story, but I had a couple more links and useful info, so here it is:

Google Checkout [google.com] has been released today. From their blog: We've heard time and again from users: "I find great stores through Google search, but every time I try to buy from an online store, I have to re-enter the same billing, shipping, and credit card information. There are too many steps. Why can't it be as fast as a Google search?" This motivated us to improve the online purchase process, and so today we're announcing Google Checkout, a checkout option that makes buying across the web fast and easy."
Google CheckOut includes single signon and badges on adwords of merchants that use Google CheckOut.
Features include using many addresses and many different cards for buyers [google.com] and a "Payment Guarantee" against chargebacks for sellers [google.com] .
AdWords users get $10 in sales processed for free for every $1 spent on AdWords.

For those of us text weary, there are videos for buyers [google.com] and sellers [google.com]

PayPal vs Google checkpout (1)

Exter-C (310390) | more than 8 years ago | (#15627045)

I am interested to see viable alternatives to PayPal, their transaction rates are very expensive given the type and value of the transactions. I understand that every business has to make money but I am sure they would have more customers if the transaction cost where lower or had a better rate.

This would be very bad if it put PayPal out (1)

Geekbot (641878) | more than 8 years ago | (#15627049)

This would be awful if it put PayPal out of business. I don't see how that could possibly happen, but all the same, it would not be good for Google.

Look what has happened to PayPal without any real competition in the game, poor service, lots of fear over how accounts are handled. I think the same thing would happen to Google without competition forcing them to be the best.

I know a lot of people are starting to fear Google. Google used to be the underdog, and people love underdogs, especially Americans and especially geeks. Google seems to be motivated by jumping over the bar, no matter who is setting it, no matter how high. If Google becomes a dominating force I think many of us fear that they are exactly in the right position to become another MS.

Racing shopping cart (0, Offtopic)

Bromskloss (750445) | more than 8 years ago | (#15627057)

I want one too! Wroom, wroom!

Differing Features (2, Insightful)

jascat (602034) | more than 8 years ago | (#15627062)

I didn't look into it very hard, but it seems like Paypal has same major features that Google Checkout doesn't have; direct access to bank accounts and person to person transfers. I have used direct transfers several times for transfering money between family members. We are all pretty lazy and it has become easier to use Paypal than it is to write a check and put it in the mail. Also, Paypal seems to be more convenient to the casual seller on Ebay. Also, what about the folks on sites like Rent-a-coder that like to get paid through Paypal. I can see how they would compete on the business side, but for regular joe's, Paypal is still the answer.

Re:Differing Features (1)

BenjyD (316700) | more than 8 years ago | (#15627098)

Is that feature really that useful? All online bank accounts offer that service already, all you need is the account number.

Google Checkout !Paypal (5, Insightful)

d3bruts1d (639027) | more than 8 years ago | (#15627068)

If by "Google launches PayPal Rival" you mean, "Google launches a service for merchants to process credit cards". Then yes, this is a PayPal rival. This service does not allow you to transfer money from person-to-person, nor does it allow you to pay by check, bank draft, etc.

How about an Ebay alternative too? (0)

Anonymous Coward | more than 8 years ago | (#15627082)

Let me be the first to say, I for one welcome our new Google Paypal Rival Overlords.

With that out of the way, I think a Linux-powered Google alternative to Paypal would be great. But I'd really like to see an alternative to Ebay.

I don't know how many time I have reset my Ebay and Paypal passwords because I couldn't log in, until I remembered those sites run on IIS, which likes to take weekends off. (Once I got returned to the login screen enough times without explanation, I finally got a clue.)

Google - my secret lover (2, Funny)

Anonymous Coward | more than 8 years ago | (#15627088)

You have my secrets.
You have my money.
But where can I upload my soul? Yes, I have googled.

Only in the USA (2, Informative)

Roy van Rijn (919696) | more than 8 years ago | (#15627094)

Remember, when you sign up for Google Checkout you can fill in any country you like, but the Terms of Service [google.com] says:

- 18 years old or older;
- capable of entering into a legally binding agreement; and
- a resident of the United States.

So only people from the United States are allowed to use it yet :( And most supporting companies don't even ship outside the US.

Google launches PayPal Rival (1)

mnemonic_ (164550) | more than 8 years ago | (#15627099)

Google Checkout Launched

Do we really need a double heading for this story? This kinda reminds me why geeks are usually not tasked with documentation; they don't know anything about page layout. See Wikipedia for more examples.

No one but my bank (1)

Shivetya (243324) | more than 8 years ago | (#15627130)

is permitted to store my credit card information.

I do not even shop at sites where I cannot find the option of only entering a CC number for the current transaction or readily delete it as soon as I can.

You want to avoid being a victim of credit card fraud, then don't increase the odds.

All you need to know (5, Informative)

tomstdenis (446163) | more than 8 years ago | (#15627137)

10. Disputes

GPC will provide various tools to assist Customers in communicating with each other to resolve a dispute that may arise between Buyers and Sellers with respect to their transaction. If Customers are unable to resolve a dispute, we can mediate disputes between buyers and sellers if either party requests assistance. If this occurs, we will review the dispute and propose a non-binding solution, if appropriate. For more detailed information, please see our Frequently Asked Questions.

GPC may offer a feedback or other ranking system on the Service to assist you in evaluating other Customers of the Service. You acknowledge that any such feedback or ranking system represents solely the opinion of other Customers of the Service, and is not an opinion, representation, or warranty by GPC with respect to other Customers of the Service.

You agree to release, GPC, Google, and other GPC affiliates, and their agents, contractors, officers and employees, from all claims, demands and damages (actual and consequential) arising out of or in any way connected with a dispute. You agree that you will not involve GPC in any litigation or other dispute arising out of or related to any transaction, agreement, or arrangement with any Seller, other Buyer, advertiser or other third party in connection with the Service. If you attempt to do so, (i) you shall pay all costs and attorneys' fees of GPC, Google, and other GPC affiliates and shall provide indemnification as set forth below, and (ii) the jurisdiction for any such litigation or dispute shall be limited as set forth below. However, nothing in this Terms of Service shall constitute a waiver of any rights, claims or defenses that you may have with respect to a Payment Transaction under the Buyer's card issuer agreement, the card association rules or applicable state and federal laws, such as the federal Truth in Lending Act or the Electronic Fund Transfer Act.

If you are a California resident, you hereby expressly waive California Civil Code 1542, which states: "A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if not known by him must have materially affected his settlement with the debtor."

Not only that (0)

Anonymous Coward | more than 8 years ago | (#15627188)

look at all the stuff you can't buy or sell. Some of it is clearly justified, some of it not;

http://checkout.google.com/seller/content_policies .html [google.com]

More restrictive than ebay in some areas.

Typo (3, Interesting)

pr0nbot (313417) | more than 8 years ago | (#15627143)

"The service allows you^H^H^H them to track all your orders and shipping in one place"


The nation's #1 tinfoil hat supplier!

It's about time! (1)

infestedsenses (699259) | more than 8 years ago | (#15627176)

I'm glad to see someone finally budding into PayPal's monopoly. It's unfortunate that it's Google, as they already know enough about me that I don't need to be handing them my buying habits as well, but they are currently the only ones I can see with enough market power to actually be a relevant player. I just hope that once they have disarmed PayPal a bit, the market will become more open and will welcome more alternatives. This is probably a bit utopian but one can always hope.

I've experienced first hand what happens when you have one monopolist controlling a large portion of the online market. Since my last name is apparently the same as some arab terrorist's name (apparently your name makes you a potential criminal nowadays), PayPal completely blocked my account, and it's become quite a nuisance. I'm glad I didn't have any credit on that account or PayPal would have my money in a stronghold (this should be illegal but that's a different story...). I don't have a credit card and don't plan on getting one, so I can only shop on websites that debit directly off my bank account, which usually means only shopping within Germany. Good to see some more international choices popping up.

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