June 19, 2005 6:15 AM PDT

Google said to plan rival to PayPal

Online-payment system would compete with PayPal, according to an online retailer who has been approached by Google.
The New York Times

The story "Google said to plan rival to PayPal" published June 19, 2005 at 6:15 AM is no longer available on CNET News.

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5 comments

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I cant wait!
I am sure it is going to be better than paypal as google has always beaten its competition hands down.

I will be the first to try it.
Posted by lavacentral (61 comments )
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Me Neither!
Paypal right now is too clunky and unintuitive for me (whats up with all the credit card spam!). I'm jumping ship to Google once it's out!
Posted by Karios Kasra (62 comments )
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Well...
Well, competition will be good. But, in the end I don't trust Google any more than I trust PayPal. Unless Google is going to play by the U.S. Bank laws which is something that PayPal only dabbles in they are probably going to be just as bad and just a money hungry. Large corporations tend to be that way. They bend you over and give you the shaft while a business associate Hoovers out your wallet.

Robert
Posted by (336 comments )
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Google can be funded instantly with UseMyBank
The Google Wallet can be loaded with value instantly with UseMyBank.com

All other solutions take days to clear or require a credit card.

UseMyBank pioneered a way for consumers with online banking to make "Instant Online Debit Payments" to Internet Sellers with UseMyBank. At the Seller's checkout, a Buyer selects their financial institution and makes an instant debit payment from their online bank.

UseMyBank's debit solution has been proven to increase online sales by 10-30%.

Latest company news:
<a class="jive-link-external" href="http://www.usemybank.com/news.asp" target="_newWindow">http://www.usemybank.com/news.asp</a>

Thank you for your time.

Sincerely,

Brian Crozier
VP Business Development
UseMyBank Services, Inc.
brian@usemybank.com
www.usemybank.com
Posted by (5 comments )
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Go Google go!
I think Google may be the top dog of the Internet eventually, they are #1 in the search engine market, doing well in email market, and now a online payment system, go Google go!
Posted by pentium4forever (194 comments )
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