Google Checkout is not Paypal
June 29, 2006
There was considerable speculation that Google is set to launch a Paypal Killer. The Google Checkout which has been launched today is not a Paypal clone. It is basically a checkout system or a payment processing system. It is more like Amazon payment system than Paypal.
Nothing revolutionary in Google Checkout. Most likely move for Google stock= ?.
GOOG, Google Inc.
- Credit card information is stored by Google
- You can checkout on participating retailers using your Google Checkout account.
- Google maintains transaction history which you can access.
- There is merchant rating feature.
- It is not a person to person, stored value system like Paypal.
- It is tightly integrated with Google Adwords and more geared towards advertisers.
Nothing revolutionary in Google Checkout. Most likely move for Google stock= ?.
GOOG, Google Inc.
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