Google Checkout

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Google Checkout is an online payment processing service provided by Google aimed at simplifying the process of paying for online purchases. Users store their credit card and shipping information in their Google Account, so that they can purchase at participating stores at the click of a button. Google Checkout also offers fraud protection, as well a unified page for tracking purchases and their status. Currently it is only available to U.S. businesses, although it is intended to be released in other countries in the future. The service charges merchants 2.0% plus $.20 per transaction, which is less than PayPal. However, businesses who choose Google Checkout also receive significant discounts on advertising on Google.

Prior to launch there have been early speculations that Google is building a PayPal killer. However, the scope of Google Checkout is very limited compared to the PayPal offering. Google Checkout processes payments without storing value, and cannot be used to make payments from person to person.

Ebay (which now owns PayPal) raised some controversy when it added Google Checkout to its banned payment methods list preventing eBay users from using Google Checkout.

External Links

• [Google Checkout]
• [The Official Google Checkout Blog]
• [Google launches payment service]
• Elinor Mills, "[Google Checkout checks in]", ZDNET, 29 June 2006

References

 

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