Google CEO confirms online payment system

3 comments

Related Stories: Google vs. Yahoo: Clash of cultures
June 20, 2005; PayPal tool provides checkout at merchant sites
June 17, 2005; Google readying Web-only video search
June 13, 2005

Speaking after days of speculation, Eric Schmidt says the search giant is working on a system that will not be a direct rival of PayPal.

The story "Google CEO confirms online payment system" published June 21, 2005 at 6:25 AM is no longer available on CNET News.

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Add a Comment (Log in or register) (3 Comments)

Google Payment System
by June 22, 2005 2:21 AM PDT: About 10 years ago, there was an innovative payment system called CyberCoin, with CyberCash Wallet, but which never succeeded because there were was no 'tiny' merchant market that got created first by Overture and then later by Google.<br />I would suspect Google, if not developing a person to person payment system like PayPal, will float its own payment method; Like this Reply to this comment

Go Google!
by June 22, 2005 6:12 AM PDT: Having used PayPal for buisness for a number of years I find they are good...when things are good..but when something goes wrong it goes really bad since you have very limited contact with a "real" person. They are heavy handed and poor customer service. I hope google fixes these issues even if it means they have to be a bit more selective or offer a "premium" / Enterprise solution that allows you to contact a CSR. I am sure google will do very well.; Like this Reply to this comment

New Google Payment service
by aloushleather June 30, 2006 3:47 AM PDT: Finaly there is a choice of anew service instead of Paypal; Like this Reply to this comment

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