Print 31 comment(s) - last by Pirks.. on Jun 30 at 1:00 PM

Google says Checkout does not compete with eBay and PayPal

Google today announced Checkout, a much anticipated online commerce feature. Previously reported to be called GBuy, Google's Checkout enables customers to use their Google login to make purchases securely and quickly. Major online etailers are set to sign on with Checkout and Google says it expects many people to be Checkout-enabled in the short term. According to Google, Checkout will offer customers a higher level of security by masking credit card information from the store, and in fact be able to offer customers reimbursements for purchases that were not authorized. The press release indicated:

If shoppers want to use Google Checkout, they can create a Google Checkout login right from the merchant's site with a single username and password by entering basic information, such as their contact details, payment preferences, and shipping information, once. Then, when checking out at any store that offers Google Checkout, they can simply select Google Checkout, quickly complete their transaction with their login information, and avoid the hassle of filling out multiple forms. In addition, shoppers can keep track of their purchase history, including orders and shipping details, in one place. 

During a recent press conference, Google CEO Eric Schmidt indicated to reporters that the new service would not be a competitor to eBay and said that it would be "different" from PayPal. Checkout will be compatible with all major credit cards and Google is currently holding a special promotion with Citi. The company also indicated that Checkout will tie in with other programs like AdWords and AdSense -- an ideal tracking and marketing combination for merchants it said.

To acquire new customers and participants, Google is currently offering a payment processing service through Checkout for merchants where for every $1 they spend on AdWords, they can get $10 worth of sales processing through Checkout for free. Google says the program offers a big incentive for merchants, who routinely pay higher processing fees while having to pay for separate advertising.

For those interested, you can take a look at Google Checkout here.

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RE: So...
By WeaselITB on 6/29/2006 11:05:52 AM , Rating: 2
So ... now millions of people have already given PayPal their credit card information? So much personal information stored in one place is scary.

... difference being?

RE: So...
By cgrecu77 on 6/29/2006 11:12:34 AM , Rating: 1
difference being that google also stores your emails, your files, your images, has full access to your hard drive, knows your search history, basically pretty much everything you do online will be known to google. Considering that google makes its living out of advertising I'm surprised that there's so little outcry because after all, google is an american company and they can be forced to reveal this information to the goverment. Of course, people will say that google will fight for our rights ... common, get real, google is a traded company with one purpose and one purpose only - to make profit. They don't care about you, me or anybody.

Imagine if tomorrow Microsoft would buy google, everybody wil jump out of their chairs with concerns about privacy and so on - and whoever thinks that there is the slightest difference between microsoft and google is severly wrong ...

RE: So...
By WeaselITB on 6/29/2006 11:20:59 AM , Rating: 2
Google stores my emails if I have a Gmail account. Google has full access to my hard drive if I download their desktop version. etc etc.

No one is forcing anyone to use all of these pieces of the Google "suite" -- just because someone chooses to use Checkout doesn't mean that Google will automatically know everything stored in their My Documents\QuickBooks folder ...

And sure, Google is out to make a profit -- every business is ... Google just has a track record of going about it in a much "nicer" fashion than most other multi-million dollar companies.

RE: So...
By dice1111 on 6/29/2006 11:21:50 AM , Rating: 2
Hear hear!!!!

RE: So...
By dice1111 on 6/29/2006 11:22:55 AM , Rating: 2
The "Hear hear!!!" was for cgrecu77

"This is about the Internet.  Everything on the Internet is encrypted. This is not a BlackBerry-only issue. If they can't deal with the Internet, they should shut it off." -- RIM co-CEO Michael Lazaridis
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