Google launches PayPal killer

Posted on July 11, 2006

Google has launched Google Checkout, a new one-account online shopping service similar to PayPal.

Key features:

  • Particating sites are marked as such (with a green shopping cart icon) in Google search results.
  • Orders from different sites can be viewed in one list, with date, amount and shipping status.
  • Google Checkout will hide your credit card details, and even your email address, from the vendor.

Conceptually very sound, I would say, but you can't help that nagging "world domination through partipation" feeling that comes with every new rollout from Google into another part of our online lives.



Comments (3)

MK said

Google Checkout checked out

Google checkout just showed up week ago but then ebay got scared so much and kick its Paypal CEO out and banned google checkout system for ebay payment system.

I understand they don't want any confilct and competition with google but it was WAY to early to move like that.
Even Paypal CEO said he quits for the matter of his family. I don't believe so.

I kind of like this article.

Posted by: MK at July 11, 2006 05:17 PM .

bsn said

@MK

Thanks for the article. I quote:

Mahaney adds that biggest competitive advantage could be the smaller fees Checkout charges merchants. He estimates it would offer an annual savings of 4 percent. Google even has plans to give Google customers using adwords a further discount “potentially bringing the savings up to 25 percent higher, under certain scenarios.”

Posted by: bsn at July 11, 2006 05:20 PM .

Penguinx said

It's hard to beat 25% savings.

Posted by: Penguinx at July 12, 2006 07:12 PM .