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Open your wallet to Google
June 28, 2006 -
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June 22, 2006 -
Google tests online payment system
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June 12, 2006
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Like other payment processing services, Google Checkout hides credit card numbers and reimburses consumers for unauthorized transactions. It also lets users choose whether to keep their e-mail addresses confidential, and users can opt out of unwanted e-mail from merchants.
"The system takes some of the friction out of making a transaction," said Greg Sterling of consultancy and research firm Sterling Market Intelligence. "But the question is, will consumers feel this is secure and trustworthy?"
Charlene Li, an analyst at Forrester Research, said the system bolsters Google's search marketing service by making it easier for shoppers to find things and purchase them. "A lot of people abandon (their shopping) during the shopping cart process," she said. "Anything (merchants) can do to increase the conversion rate will lead to a better return on their (advertising) investment."
The service will initially be offered in the United States only, and, unlike most new Google products, it is not a beta test version.
"No. For once, we are not releasing a beta product," Kamangar said. "It will be ready to go as of Thursday. We've been testing it extensively with a small set of customers."
Google Checkout will handle only payments of 1 cent or more--not micropayments for things costing a fraction of a cent, Kamangar said.
Analysts had been expecting the announcement for more than a year, and some speculated that it would be the first piece in a larger infrastructure to enable payments across the Web.
Though analysts were dubbing the product a "PayPal killer" before launch, Google executives have dismissed that notion. "We think this is a very different type of product," Kamangar said.
"This is about the checkout process, not the payment method," he said. "We're trying to make the checkout experience linked from an ad, and make it so you can buy things as quickly online as (you can) offline."
See more CNET content tagged:
Google Checkout, payment processing, Google AdWords, merchant, payment






So, a gimmick? Hardly at all. Online payment is a proven business model. Therefore, this adds an additional revenue stream for them that is not search-based.
So easy to diss something. It takes more thinking to consider the good and the bad.
So, a gimmick? Hardly at all. Online payment is a proven business model. Therefore, this adds an additional revenue stream for them that is not search-based.
So easy to diss something. It takes more thinking to consider the good and the bad.
~BALA
chennai, India
bala@datagrep.com
www.datagrep.com
First, it is cheap and second I can use google's API to fully integrate payment processing into my web sites! PayPal does not offer it as part of their standard package, plus it is more expensive
First, it is cheap and second I can use google's API to fully integrate payment processing into my web sites! PayPal does not offer it as part of their standard package, plus it is more expensive
Competition is all good, it forces people to think
faster, or you won't survive long.
Google is like WallMart and look at WallMart, everyone hates them, everyone shops there, well almost every one.
I opened a GMail account last summer and used it 1 time to email my nephew - no one else! And I know that he did not forward that 1 email to anyone!
I have been deluged with SPAM and Phishing ever since and Google never responds to any of my inquiries & comments about this problem!
'Google Checkout will handle only payments of 1 cent or more--not micropayments for things costing a fraction of a cent, Kamangar said.'
Note to writer: Micro payment is considered usually within 1 cent to 1 dollar as the amount. 'Fraction of a cent' - please I have yet to hear someone charging you less then a cent. Unless you're dealing with financial institution. Besides BitPass is the bes thing out there as far as micro payments and just payments in general go.
And I do not work for BitPass and I am a google user.
Small and even bigger stores, which don't do online shopping as their only way of business, are much less likely to have proper security.
Leaving your CC number in all these stores increases your risk significantly with every transaction.
Google has amassed experience with online fraud with their AdWords and AdSense business, which has billions of dollars turnover. They have both automated and human means of detecting suspicous activity.
Only the fact that consumer's email is not passed-on to merchents is pricesless.
My credit card info stays with me. Sorry Google ... it is not you, it is me ... not liking you!
http://www.techknowcafe.com/content/view/567/42/
Where's the new? Where's the novel? Where's the Google twist?
Giving a discount to people who buy other products from you (ad placement) doesn't count.
Sadly, right on over to checkout.google.com I will now run anyhow.
Sorry Google, not interested.
Now run along little kiddie. Pretend to be a demographic that companies want somewhere where you won't be laughed at.
Now run along and pretend to be a demographic that companies want somewhere where you won't be laughed at.
http://www.techknowcafe.com/content/view/554/42/
If you fall in to the privacy category, I can conclude that you don't even use PayPal, then why you comment on how bad Google Checkout is? Google Checkout is aimed right at PayPal customers. A lot of sellers hate PayPal for their useless chargeback dispute system. They did nothing and charge $10 fee. Google is doing something good for the community, and who cares if they are making money or collecting information. Not like other internet companies don't.
Only thing I want to find out is how Google Check deals with chargeback.
For your info, most online merchants use regular CREDIT CARDS. Paypal does not dominate. Check you bs stats at Economy.com.
When it comes to the Clicks and Bricks model, Amazon.com is what comes to most people's mind for a number of reasons.One being, they were early adopters of this approach.
Google is not exactly a fast follower but its late in this business but nobody can protest the fact that, they have a very well established brand name already which is going to attract crowd.Lets say.. by having the same strategy and business model as what Google has now for their e-commerce business, but if only the company was called elgoog.com ...I'm sure and alot will agree the company will not sell as expected.
Google definitely has the BRAND NAME advantage.
But still??? will it match upto amazon.com??
The fact that you can get almost anything you need from amazon.com and not just get them but almost always at lower prices is appreciated by alot of shoppers.
Let's not forget the "convenience" factor. The fact that amazon.com lets you customize your page,store your personal and credit card information, auctions, discounts, seller accounts and free shipping(Im sure people love this) are some of the value added features offerd by amazon.Of course, the user interface is one of the best that is out there on the web.
How is Google going to compete with AtoZ Giant?? I am not completely against Google but if they want to thwart ( i dont know if that's the plan) or even match upto amazon.com, they better have something really "innovative" under their belt.
Good luck Google!
come on google make it international as i sell in US$ anyway.
- dmitry76
- by dmitry76 June 29, 2006 6:17 PM PDT
- Getting spam does not have anything to do with sending email to your nephew. A lot of junk mail programs simply auto generate email addresses using most commonly used prefixes. You may not even send a single email yet get tons of junk mail.
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