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Google Wallet May Compete With Paypal
theskeptic writes "According to the WSJ, Google plans to offer an electronic-payment service that could help the Internet-search company diversify its revenue and may heighten competition with eBay's PayPal unit. Codenamed Google Wallet, a payment service could represent a significant expansion beyond online advertising, which generated 99% of its $3.2 billion in revenue last year. Google's move could potentially threaten eBay's successful PayPal service, which generated $233.1 million, or 23% of eBay's revenue in the first quarter."
www.gwallet.com is currently owned by a domain squatter.
Having used paypal and ebay when selling, I know well that the fees and such add up quickly when using these services. I didnt even use all the special junk they try to push on you like bold headings, gallery etc and I still wound up paying 11 dollars to sell a 75 dollar item...thats robbery. Hopefully this google wallet will make paypal's credit card use fees come back down to earth.
I hope they do and it's a reliable service. This is where the 'do no evil' thing _has_ to kick in.
Paypal suck and I don't think there's anyone who'll say they do no evil. A reliable, and inexpensive, means of micropayments is long overdue.
This could lay the foundation for Google to introduce paid services. It would certainly ease them into it if people already use Google Cash.
It's also nice to see some competition to Paypal. Ebay has done a pretty good job with it IMO, but too much of a monopoly for me to be comfortable with.
How about Goopay? Goopal? Paygoo? Palgoo? Paygle? Paygle?
So people can donate to the projects they rejected for the summer of code.
Transcend Humanity. Please.
Obvious jokes:
Will the credit card numbers be searchable? (possibly including a wry link to the Google search for visa-format numbers that's so startling)
Well, I'm sure there'll be SOME aspect of my life Google doesn't know everything about.
Obvious theme of discussion:
Evil plot for world domination or Google just bringing helpful service?
Obvious joking twist on discussion of Google's evilness:
Well, even if they . . . whatever. I don't even care anymore. My life is a sham.
xkcd.com - a webcomic of mathematics, love, and language.
A lot of you won't like to hear it... But isn't google trying to get a monopoly on everything that is on our planet? I love google itself, I love gmail, and froogle too.
little offtopic > They could split it all up in different companies, this would make competition possible on all the fields they are working on.
I had an eBayer complain about a transaction and PayPal did not just set aside the amount of the sale which was small - they locked out my entire account which had a ripple affect with other auctions I was running. By the time I was exonerated I had taken a beating. I am not opposed to competition if it might reduce some of this heavy handed behavior.
http://www.busyweather.com/
With Google coming up with their own PayPal, they're halfway to coming up with a full eBay-killer auction site. Imagine being able to create an auction that'd show up whenever somebody searches Google for the product's name....
I, for one, welcome our new google pay overlord.
Take the cheese to sickbay, the doctor should see it as soon as possible - B'Elanna Torres, "Learning Curve"
Now Google can store my e-mail, remember my searches, know who all my friends are, know where I'm driving, and know all my finances :-D
Good job!
The more you know, the less you understand.
Provided Google can somehow use their branding to reflect reliability, security, and stability -- I'd trust them with money. Feed the fear about paypal's insecurities and you've got yourself a deal.
Perhaps a business link through Froogle could prove beneficial, too. You know, "preferred customer" type scenario.
In the end, though, I really do think we should start worrying about the amount of information Google collects. Searches, identity, e-mails, and with this thing, buying trends and other financial information. Yeah, we love 'em...but their capacity for evil is growing and becoming a bit more scary.
How long until google branches out to the point where they're in direct competition with eBay. From google wallet to google auction.
You get to use google's extra-spiffy search features to find exactly what you're looking for. Plus, google would probably be able to create something 10x less cumbersome and akward than ebay's interface.
If Google's going this way, it might be just as easy to tie it into the Froogle service: let people find the item they want, then pay for it from the same interface.
In time, they could introduce their own eBay like system. Odds are, eBay won't just let Google Wallet into their system and people would have to do payments manually (they way they used to with Paypal). But if Google builds off of Froogle and inserts themselves as a middleman, it would be an effective way of getting extra revenue and balancing out their ad system.
Just a random thought - naturally, I could be wrong.
52 Weeks, 52 Religions with John Hummel
I find that the rates are incredibly high for what these companies do. Credit Card validation over the internet should be a relatively easy process, but there are so many middle men in the business that it's crazy. Visa, Mastercard, etc issue the cards, why can't I deal with them directly?
Just about everybody trusts Google.
I trust PayPal/Ebay, but less than I trust Google.
As long as Google Wallet can keep away from either a financial scandal or a security breech, they should eat Ebay's lunch -- except on Ebay.
Raise your children as if you were teaching them to raise your grandchildren, because you are.
I *really* hope they go through with that. So far, PayPal has what is pretty much a monopoly on online payments; there's alternatives like Moneybookers, but few people even know about them, and PayPal has consistently and systematically abused its monopoly by imposing more and more unreasonable restrictions.
Two that annoy me the most, personally are the fact that you can't use it for "adult" transactions, and that it's quite limited with regard to how you can get your own money that sits in your own account in many countries outside of the USA. In fact, there is a list of countries where the only available option is transferring the money to a US-based bank account - which really is ridiculous when you think about it. It may not matter much to the average US citizen, of course, but think about it - what would you say if you found out that the online payment service you used to have people pay for the stuff you sold on eBay only allows you to transfer the money to a bank account in - say - Uruguay?
PayPal's policies are consistent with those of eBay, though (its mother company nowadays); like eBay, PayPal is entirely inconsiderate of its users, a stark contrast to Google's "do no evil" philosophy.
Let's hope that Google will revolutionize online payments the same way they revolutionized searching, and let's also hope that PayPal will soon be just as forgotten as Hotbot, Northernlight, Mamma and all the search engines we used before Google was there.
quidquid latine dictum sit altum videtur.
Where does it end?
Finally!
:)
It's about damn time a company with a reputation like Google's got into this area. I hate PayPal with a passion; they wouldn't accept one of my credit cards for an online payment (there were no other choices for the site I was paying), so I contacted their support. Guess how that went? Long story short, two automated emails and one "we won't help you" email over a few weeks. They don't want to help you, they just want your money. Also check out the horror stories of frozen accounts floating around the web.
Another guide to these type of sites is how many hoops you have to jump through to actually contact them. Try it, drop by and click through. See how long it takes to contact someone.
Anyway, sub-rant over. Imagine how a company like google could shake up this area. It's about time a reputable company came in and did a good job. Maybe even micropayments or something similar in the future? I imagine online comic creators would love that one.
If you send a couple bucks via PayPal, even if the sender has a positive account balance (i.e. no CC transaction costs exist), the fees are quite hefty, percentage wise. (The minimum transaction fee is USD 0.3).
It would be really nice to get a break on small transactions, especially ones that don't incur CC costs.
[Buy This] [I'm Feeling Lucky]
*and might rebill at $100 per month.. if you forget..
I agree with you, I look forward to a viable alternative to paypal. I am not please with Paypal after having had a false charge back happen against me, and being pinged for an aditional $10.00 as well as losing the original money. Paypal sucks has more horror stories too, and I offer some advice if you have to do business with paypal:
Since google seems to be holding to its 'do not evil' policy they should make a for good competitor with customers fed up with paypal. I wouldn't mind seeing a google auction site to compete with ebay (Paypal's owner) as well :).
Getting into payment systems will expose Google to new levels of regulation that may affect user's privacy. Regulations related money laundering and anti-terrorist laws may force Google to collect and turn-over data on users of its payment service. I wonder if those rules might also force Google to turn-over other data on "customers of interest".
Having all your information (your banking, your email, your internet search activities) in one basket makes it a tempting target for government.
Two wrongs don't make a right, but three lefts do.
For some horror stories on who PayPal really doesn't give a shit about you, go here:
http://www.paypalsucks.com/
read it and weep.
Paypal needs the competition - especially from a company like Google that professes a higher sense of ethics.
RS
Shoes for Industry. Shoes for the Dead.
Not a chance in hell! At the risk of being modded down into oblivion by google fanboys, I will NOT use such Google Wallet. Google already knows WAY too much about me and I have only been willing to use its services in as much as I have had a faint, albeit not exactly true, hope in being at least slightly anonymous to them.
Now they want my name, address, and bank details?!!
Has anyone seen the sign-up forms for Orkut?! Google is hedious! I have never come across *anyone* online who expressed such an interest in expecting me to provide them with SO MUCH personal information about me! No one ever even dared to ask. May all those who are suckered by "Google doeth no evil" just suck it!
Crap comment
Google wants my wallet! The next thing they want will be my first born. Sheesh... I thought Microsft was bad; they only wanted my soul.
Id say one of the significant reasons for Google doing this is for payments to and from adsense publishers and adwords advertisers.
Currently they just send cheques in the post every month to publishers, which is crazy for overseas publishers and must increase their costs a fair bit. They don't use services such as Paypal due to the fees.
It would also help in obtaining money from advertisers for adwords.
Google deals with a lot of (sometimes small individual units of) money from publishers and advertisers, and their current system would be far better off if it were handled online through themselves.
I.O.U One Sig.
Google is really trying to take over the world and the way they're conquering different internet services is just frightening. I wouldn't be surprised if they would announce a new googlebay (or whatever) online marketplace in the next few years. They are tightening their grip and it's strong! Could they really kill'em all and succeed in taking over the internet?
And with Google Maps, the path that the stolen item has taken to get in to the buyers' hands can be interactively displayed! Useful if the item is in poor condition, as you can bitch at the original owner.
I just hope for Google's sake they don't make Google Wallet a Beta when they first release it. I wouldn't trust my money to something that said Beta on it. When all your money suddenly disappears you'll get some more guarantees than just: "Sorry, this service is still in Beta and don't say we didn't warn you".
... from 1998.
Google is about to find out just how many morons there are out there. If they actually are planning to offer an online payment service, I don't envy them.
Google basically made it's own micropayment transaction system internally to handle the accounting of google adwords and adsense revenue changing hands in millions of transactions every day.
They just needed to take the next logical step with it.
e.
Build Your Own PVR/HTPC news, reviews, &
What if the massive cluster they have going has acheived sentience, and is controlling the minds of Page and Brin? All this information they're accumulating could be a prelude to the ultra-efficient subjugation of the human race by helpful, deadly, autonymous little Googlebots!
Stasis is death. Embrace change.
Sounds like a porn payment service... scratch that one off the list - please!
Final Name: Google Wallet
How hard would it be for Google to buy Paypal and eBay?
No problem in a couple of years of sending and receivng money. However, they definitely need a good competitor and Google can do it. I also like the suggestion by someone that Google start its own auction site. Ebay needs competition in all areas and Yahoo auctions never went anywhere.
Giant corporation, soon to eat all of your personal information alive.
And most of you are totally clueless or so fucking lazy that you are unmoved to react.
Too well entertained...
If you believe this to be a tRoLL, then all is lost for western society.
Google could do very well in this situation to the benefit of all. The greed of the banks is probably preventing them from making a lot more money by charging less on what would be a lot more transactions.
I think they should codename it "G-Unit" instead so it would go more along with G-mail.
Anyone who thinks otherwise will be shot in the face nine times.
Throughout all of this, I was unable to get a reply from a human being in their Customer Service department. All I received were canned replies telling me how wonderful it is for me to "verify" my account.
PayPal has never been able to explain to me the reasons why being "verified" was A Good Thing for me, or why it was anything more than a possible security mess with my checking account.
Picture it... A "confirm" button... surrounded by 427 text ads for related products.
I already have to goto at least page 3 to find anything, because the first few pages of google results are fake sites, keyword bait, and crap not even containing the words I used.
Lets not forget what Google is, an ADVERTISING company, that want to know everything about everythign you have done and ever will do, so they can sell YOU to companies.
No, Google past the "big brother" line long ago, now they want to be a bank too? They will force Ebay to stop taking 15% of all transactions, and that's good, but Google is getting seriously scary.
- Adam L. Beberg - The Cosm Project - http://www.mithral.com/
What do you think about them supporting micropayments? Is there anything that they could tie in with micropayments?
-- I was raised on the command line, bitch
Personally I think their fees are too high. A lot of people seem to take issue to their fraud policies, but it's really a no-win situation for paypal. If someone steals a credit card and orders goods that you ship, someone is going to get screwed in the end. The credit card holder isn't going to get screwed, they are protected under law. The credit card company isn't going to get screwed, they have a contract with Paypal - fraudulent transactions are voided as a condition of performing credit card transactions. Only two people left to bite the bullet - Paypal or YOU. And Paypal can't afford to get hosed on every bad transaction, their fees are high but not that high.
So in conclusion there's really no good way for an e-bank like Paypal to come out looking like a good guy. I think Google's reputation will suffer if they try and enter this business for the above reasons. Unless they have some new innovation for fighting fraud... maybe drive to fraudsters' houses and beat the crap out of them??
And no I am not anyone you know.
Which information is Wallet going to make accessible? My credit car number?
uh....no.
Not trollish.
Too many people look at the company as a plucky good maker of useful tools that they can use.
The thing is the company is poised to make more revenue off of more and more specific information about anyone. This goes even for people who've never been online in their lives. It makes it worse that somehow people volunteer idioscyncratic-to-specific information to the company without considering the consequences of using the cool tools.
In all earnestness, it isn't just Google either; it is business.
Perhaps the format of the above post is skitzy but trollish it ain't.
Once you send an email it is beyond your control and will probably be held in four places (sender, recipient, server backups at each end) and everyone with access to those four places can read a plain text email. A paranoid law enforcement official may well go on a fishing expedition through those backups on a completely differnent issue and read the mail (eg. US Secret Service vs Steve Jackson Games - long before the patriot act extended powers and a good example of people confusing a game with reality). Also your new significant person will get to read your old love letters to someone else - live with it.
Since eBay owns PayPal I am wondering if they will allow google to introduce their service on their site? If they are allowed to compete with PayPal on eBay austions, what kind of fees will eBay come up with to cover lost revanue from PayPal users? I agree 100% that compatition is good for the market and there needs to be more than 1 online service like PayPal and the google wallet.
lol, they should just call it G-money. I am referring to this http://www.starmakerrecords.com/gmoney.htm
From http://www.google.com/intl/en/corporate/:
"Google's mission is to organize the world's information and make it universally accessible and useful."
I'm not necessarily opposed to Google creating this service, but how do they make it fit with their mission statement, assuming the information their talking about making universally accessible isn't your credit card info.
Of course it depends on how long they have owned it, and what they have been doing with it, but I wouldn't mind Google telling them to fork it over for small but reasonable price. Domain squaters are no better than the lowest type of Spsmmer, they are just the lowest forms of life.
"Who are in control, they are not in control of anything - they don't even control themselves!" - Glen Beck
This is great news. I've heard enough bad things about paypal that I've avoided ever using it, but that still has all of the associated inconveniences. It will be nice to see an offering from Google that, at the very least, will let Paypal know they're not the only game in town.
I don't know too much about Google outside of search, maps and Gmail but from what I see Google has never done anything that requires mass customer support (dealing with average joe's like us, not the marketing companies that put up ads on google).
While I'd love to see Google compete with PayPal and Ebay, I think that at least in the beginning the really crazy Google fanboys (the millions of them) will be dissapointed because Google probably is not used to dealing with millions of customers (some stupid, some arrogant, some smart asses, and so on) at the same time.
Thus, at least for a couple of months, I would not sign up for this service for that reason alone. Once they got the customer support thing down (and I'm sure they will, there's a whole bunch of smart people over there) I'll join.
Good luck Google.If O2 is good, O3 must be 1.5 times better!
If Google keeps up this expanding there will be a new phrase in our lexicon:
There are two sure things in life - death, and google.
Saskboy's blog is good. 9 out of 10 dentists agree.
Steal a penny from a man, you're a thief, steal a penny from many men, you're a banker.
(Like others, I find competition might garner lower fees, so here's to hoping)
There is another kind of evil which we must fear most, and that is the indifference of good men. -- Boondock Saints
Dude - 4 letters - OFAC
Paypal doesn't want to touch that kind of transaction.
A fine is a tax you pay for doing wrong and a tax is a fine you pay for doing all right.
Gotcha' Google. Do it. Do us wrong though - feel our wrath (nothin', literally). You're rollin' with it, please don't forget /.
Left 4 Dead Gaming Group - http://www.l4dgg.com
I like and used Hyperwallet whish is based in Vancouver and usable with a lot of Canadian banks. https://www.hyperwallet.com/
by TheSpoom (715771) Uncaring Linux user here. I have nothing to add to this but please continue. *munches popcorn*
Getting thrown on a bonfire by psychotic fundamentalists is not what I would call a good return.
It's a small world and it smells funny; I'd buy another if it wasn't for the money; Take back what I paid (SoM)
At the bottom of http://googlewallet.com/ is a little phrase: "Powered by Yahoo! Web Hosting" LOL! I wonder if Google will be able to get that domain. And if they don't we'll get another PayPai and other look-alikes!
-Palal
Comment removed based on user account deletion
A couple of months ago CBS's 60 minutes featured a 40 minute story on Google. The interviewer (the lady with short hair) asked about Google's ambitions, and used an Ebay-like service as an example of a service Google might introduce. Google's rep said something to the effect of "if that were brought up at one of our meetings, the reaction would be 'why, Ebay does a great job.'" The idea being that Google focuses its resources on more wanting industries.
Do you think this was just a ploy to devert attention, or what?
Perhaps this is a contrarian viewpoint, but perhaps it is time for Google to think about what its real core mission is. It can be argued that becoming a bank (which after all is what Paypal is) is not really part of "organizing the world's information and making it universally accessible and useful". It seems to me that Google is veering off in far too many directions, with some of them being flat out flops (Web Accelerator), while others are weakly executed or missed opportunities (Orkut, Blogger, and Froogle). Even the core product, search, is often cluttered with poor results. Google needs to focus on a smaller number of things they can execute well, rather than overextending themselves into every area just because they can.
As much as I dislike and distrust Paypal, I'm not sure Google would be any better. From what I've read, certain of Google's founders are interested in curtailing Constitutional freedoms that don't go along with their hippy-dippy, overprivileged and underexposed view of American citizenship.
The part most worrying to me is that they make a lot of money in various other businesses and then neglect their search. I know they're far from it now, and I know they really care about searches, I keep hearing about other ventures, maps, print, picasa, now they move into online payments. I honestly don't care if they 'go evil', I care about my searches, their search is really useful, but it has to use a ton of resources. If it gets axed because it takes 50% of their resources but only makes 10% of their money, I'll cry.
Everything in moderation, even moderation.
No, especially moderation.
At the bottom of http://googlewallet.com/ is a little phrase: "Powered by Yahoo! Web Hosting" LOL! I wonder if Google will be able to get that domain. And if they don't we'll get another PayPai and other look-alikes!
-Palal
It's been said before but...
I, for one, welcome our new Google overlords!
It appears that the site www.gauction.com is owned by Naji Haddad, www.naji.com. Wish I had gotten there first. www.gauction.com only points to google's homesite though.
I'm not sure Google will see the same degree of success that paypal does because they don't have EBay pumping "wallets" full of "cash" that may be easily perceived as discretionary by the account holder. What I mean by this is that when someone has made a few EBay sales, they'll have some funds in paypal; then, encountering a paypal button for a product, service, charity or just a tip, that's a pretty easy mental step to take... you didn't have the cash in your hot little hand yet, so perhaps it isn't so difficult to let go of.
Google could -- perhaps -- accumulate Adsense dollars in the "wallet" but it is a lot more involved becoming an Adsense vendor than it is selling the dusty stuff out of your basement on EBay. Still, they're a huge market presence and maybe I'm just selling them short here. Gawd knows Adsense and Adwords are working out for a lot of people.
Along moderately related e-commerce lines, anyone know of a US-centric investment->loan mechanism similar to Zopa (Zone of possible agreement)? My company is looking for something like this to put some funds into within US borders (for both tax and accountability reasons.) I came up dry with Google; perhaps this isn't legal in the US?
I've fallen off your lawn, and I can't get up.
Cringley predicts this (probably other did as well). Will be interesting to see the execution/format Google decides to pursue. Should pit them against Amazon and Ebay, huh?
i didnt think paypal made any money from fees I figured they made money on the interest of average $20 x 20 million users $400 million dollars equates to a lot of interest that is why i don't use standard banks or paypal to store my money they make money out of my money and either charge me fees or offer me free storage. HSBC :) and ING may make millions from my money but at least i get some interest from it.
If Google wanted to kill ebay and paypal in one quick swoop, just offer lower pricing on auctions, and be realisitic. Extra features are nice, but eBay just kills the entire idea of the upsell, every stupid thing you do costs an added fee, until your 99 cent item costs $12.00 to list! Would I put a ton of stuff on auction if it was cost friendly? You bet -- and might end up paying more **IN THE LONG RUN** then paying ludicrous amounts now and waiting 6 months between transactions.
Secondly, dont kill sellers and buyers with fees on both ends of the transaction, maybe link both services together, with free transaction and merchant processing for auctions when you utilize GWallet on your auction - BOOM - right there, youve got them hooked, and you dont need to worry about alot of fraud auctions.
Google in their infinite wisdom I'm sure has already come up with a great idea, and I cannot wait to see it. I am so sick of EBay, and when I log in there - I just feel dirty all over again from the way they rape you with charges that you end up owing money once its all done. Sheech.
Once you have a premier account (which is required to accept credit card payments AT ALL or other payments over some small limit -- $100 per month, I think) you get charged fees for all payments you receive. Even ones that don't cost paypal a thing, like a transfer from someone's paypal balance.
Much as I adore Google, this definitely goes too far for me. No one company should be able to track... well, pretty much all my online activities.
Although I trust Google mostly, the only way I'd ever use this is if they'd explicitly stop all tracking already happening. Publicly state that they don't track you. Get rid of the never-expiring cookie, unless you explicitly asl for it. Make it opt-in, rather than opt-out, because the only way opt-out would work right now is by... well, a never-expiring cookie.
I'd really, really love a decent system for micro-payments, but unless alltheweb or wisenut or one of those other erstwhile google-killers seriously steps up its ante, so that I can switch to them for search, I won't use such a system if it's offered by Google.
G-Bay? It just sounds PIMP man! :)
Viewed in this light, PayPal == anonymous cash; while Google == Big Brother.
In many ways, this makes PayPal safer.
Looks the beginning of the end for eBay...
The empire is now beginning to fall!
my reading comprehension was already better than that when I was 16.
Of course this being /. and me being a bit drunk I didn't RTFA, but I welcome some serious paypal competition. As it stands right now eBay owns Paypal, so when you use paypal to pay for an ebay purchace or worse yet, sell something on ebay and recieve payment through paypal eBay takes two cuts of your money.
However don't get too excited about all the "horror stories" of people having bad experiences with paypal. I've never had a problem with Paypal and I've had the account for over four years. Of course a few people will have problems with a new service (as paypal once was) and being what it is (paypal that is) expect it to be risk and therefore cry all the louder when something goes wrong. In fact I got my money back from a disreputable site when they ripped me off. Sure lots of people complain but a whole lot more have no problems, you just don't hear them complaining because they've got nothing to complain about.
Question everything
Whatever happened with the Paypal class action thing? Have they already paid out what they were going to pay? They locked my account for two months and never even told me why! In the interim, to unlock my account they said I needed to fax my birth certificate, social security card, drivers license, two bills and some other such nonsense. I was fully willing to walk away from my $50 rather than do this. Boy, oh boy I still fume over that one...I signed up for the class action but since they only had 50 bucks of mine, I probably didn't qualify for payout.
Posted by yintercept - "...science...[is] the study of the 'divine creation.' "
so aah, what is launch date for gbay?
"It is the mark of an educated mind to be able to entertain a thought without accepting it."
The more you know.
Google just wants to be your online number manager
Domain Name: googlemoney.com
Registrar Name: Markmonitor.com
Registrar Whois: whois.markmonitor.com
Registrar Homepage: http://www.markmonitor.com/
Administrative Contact:
DNS Admin
(NIC-1467103)
Google Inc.
1600 Amphitheatre Parkway
Mountain View
CA
94043
US
dns-admin@google.com
+1.6503300100
Fax- +1.6506188571
Technical Contact, Zone Contact:
DNS Admin
(NIC-1467103)
Google Inc.
1600 Amphitheatre Parkway
Mountain View
CA
94043
US
dns-admin@google.com
+1.6503300100
Fax- +1.6506188571
Created on..............: 2004-Dec-25.
Expires on..............: 2006-Dec-25.
Record last updated on..: 2005-Mar-14 12:18:43.
Domain servers in listed order:
NS2.GOOGLE.COM
NS1.GOOGLE.COM
NS3.GOOGLE.COM
NS4.GOOGLE.COM
Presumably I'll be able to buy information
[ Sketchee ]
Google stock price won't be dropping as many here said
Superb Hosting
I haven't seen or used a check for ages, so I am pretty happy with them just putting the money in my local account. Now if you would be so kind to click some ads on my site, i'll maybe have that money in my hands soon...
Actually I am using adsense ads as a tipjar. If I like the site I am reading, I click one or two ads. Given the amount you get for most clicks, that counts as a micropayment, doesn't it?
This space is intentionally staring blankly at you
Domain Name: googlecredit.com
Registrar Name: Markmonitor.com
Registrar Whois: whois.markmonitor.com
Registrar Homepage: http://www.markmonitor.com/
Administrative Contact:
DNS Admin
(NIC-1467103)
Google Inc.
1600 Amphitheatre Parkway
Mountain View
CA
94043
US
dns-admin@google.com
+1.6503300100
Fax- +1.6506188571
Technical Contact, Zone Contact:
DNS Admin
(NIC-1467103)
Google Inc.
1600 Amphitheatre Parkway
Mountain View
CA
94043
US
dns-admin@google.com
+1.6503300100
Fax- +1.6506188571
Created on..............: 2004-Sep-26.
Expires on..............: 2007-Sep-26.
Record last updated on..: 2005-May-05 15:42:55.
Domain servers in listed order:
NS2.GOOGLE.COM
NS1.GOOGLE.COM
NS3.GOOGLE.COM
NS4.GOOGLE.COM
You have "property" spelled incorrectly.
..it will support all countries, I'll be willing to pay for any extra costs for money transfers. PayPal sucks for not-so-known countries (e.g. Slovenia).
No more I say.
http://www.tinyimage.de/image.php?img_id=7504
robots.txt won't help.
To pay for your Google Adsense, you use Paypal - so eBay get a slice of Google's action. Taking Paypal out of the Adsense picture will automatically raise Google's profit.
That's actually funny. If it wasn't posted AC it would probably have gotten a 'funny' mod. Or is it just me?
Perhaps this is the breakthrough for a global micropayment currency that a *lot* of people and businesses worldwide has been waiting for. Don't be evil!
I'll use it if they give me $1,000,000,000 (1 GigaBuck) Free!
I think google will come up with some thing great here. A lot of companies have tried but failed and I beleve that google will triumph over all. But they need to be careful of fruad, scammers, and phishers. I look forward to seeing this in action!!!!
Technabyte - Read my tech news blog.
One thing you have to understand about Paypal. They are offering you the ability to accept credit cards without having to set up a merchant account and have good credit. Even if you formally set up a merchant account and a processor you'd still have to pay 1.5 - 2.0% unless you had a massive volume.
Many people will complain about their resolution methods and chargebacks. What most of them don't say is that they can be protected against this by ONLY ACCEPTING VERIFIED payments. If you are accepting a payment from a user in the former USSR who can not verify his account, it's at your OWN risk. This is perfectly legitimate and reasonable. Credit card processors do the same thing. Most wont even tak e a payment from a sketchy part of the world.
I was ripped off by an EBay seller who just wouldn't respond to emails about some damaged cases for two sets of poker chips. UPS had denied the claim due to poor packaging so I filed a paypal claim. The seller responded by filing a NON-PAYING Bidder claim! I quickly solved that by sending my payment confirmation email to Ebay. A week later paypal had reversed the charges completely since the seller couldn't prove his actions were in good faith.
Result. I got my money back and free product. Paypal worked for me.
I think EBAY is more out of line with their fees than Paypal.
Karma means nothing to me, so suck it...
This, of course, is absolutely true. I have used it in the past, and hated it. I always transfered money out same day. Once in the bank, I moved over to my non-paypal account. The account signed up with at Paypal was an empty non-minimum balance one. I constantly monitored it for any outgoing, and planned to call bank to stop payment on any activity. If Paypal terminated my account for failure to provide them money back, I really didn't care. I was looking for better payment options anyways, and closing it was not a concern for me. Here's why...
Paypal is especially nasty if you sell any type of virtual services. The specifically say that if you sell a virtual service, be it providing internet, web hosting, member only sites, program downloads... whatever, they offer you zero protection. If there is a dispute, their TOS basically says (last time I read it, and paraphrasing) "We're going to side with the buyer 100% of the time, regardless of any evidence you could provide that the transaction was completed."
Unfortunately, this is a side effect of FedEx/UPS/USPS tracking and reciepts being far more reliable, and no digital equivilant. But, imagine selling someone a years worth of hosting for a theoretical $1000, only to have them complain 10 months later that the service was not up to the advertised standards, and get every penny of their money back. I can understand giving back a partial refund for time not used, but a full refund?
That's why virtual service providers are better going with any other service. I would name what I use, but don't wish to introduce any form of slashvertising here. I'll just say, it sure as hell ain't paypal!
I8-D
http://www.greenzap.com
Where do the denizens of Slashdot rank?
How is this organizing the world's information?
Well, I guess my account can be represented as an integer of information. Actually, a byte would do just as well...
As a bonus, here is a small stress relief game if you're annoyed with all the news being about Google.
Transfers between members/pokersites are free. Only fees paid are when sending money to/from real accounts. From what I've seen yet, it seems damn reasonable.
"" How about taking the safety labels off everything, and let the stupidity-problem solve itself? """
"How do you inform the bank to only accept deposits from PayPal and not withdrawls ?"
You have to make the account deposit only as the grandparent said, not paypal desposit only but entirely deposit only.
The safest way to do this is to make sure that you need a cosigner to withdrawl. So if the bank starts making withdrawls one or both of the parties could say "any withdrawls requires both (you and your husband or wife) of our permission and you violated our agreement mr. bank manager". Usually the bank isnt that stupid but if they are then they are on the hook so its insurance if Paypal starts withdrawing.
What this also means is that this bank account should be for paypal only so you can close it if any shit starts up.
You forgot Mr. I Can Buy You Out!
That's the last time I run code posted in somebody's sig...
http://www.scam.com/showthread.php?p=56077#post560 77
GOOGLE, Apple, Microsoft, ANYONE
EVEN
Yes. I'm gonna say it.
Even AOL.
PAYPAL SUCKS.
The only people I'd veto would be RealPlayer.
because I have been enjoined by this Holy Office to abandon the false opinion which maintains that the Sun is the centre
In looking through the posts, no one seems to be asking why does paypal act so petty and mean-spirited? Historically, paypal had a lot of competition. I used to work at paypal, and the thing they are the most proud of, is their fraud model. That stuff is top-secret too. Most of their competitors were killed off by fraud. Paypal has survived by being the most paranoid. They are extremely cautious about that stuff, and not afraid to lock out accounts. Does it hurt their business? Of course, but fraud hurts even more.
If Google wants to pay too, they'll have to deal with the same forces as Paypal. They too can be crushed by fraud. They too, will have to institute draconian, or at least irritating, features to protect themselves.
Those wanting Google to enter the market, be careful what you ask for...
"Oh well, I'm sure someone will find a good use for it." If you don't live in the US but buy in the internet from US companies you'll find most of them, specially the smaller ones, don't accept international credit cards, even if the same cards can be used in the US when you shop in person, and even if the shipping address is in the US. So, something like Paypal and Western Union money orders by internet are invaluable since they accept international cards. Problem is many business don't accept Paypal. Hope Google Wallet becomes more popular among business.
http://www.webmasterworld.com/conference/bios/matt _cutts.htm
Here is a good alternative to paypal www.emocorp.com. If you have problems real people will answer your concerns + no frozen accounts or chargebacks. (Merchant Guide is on https://www.emocorp.com/s/template/Merchants.vm)
Cheers
for Google to release their own OS.
Just about everybody trusts Google.
Actually it is exactly the opposite. Starting with the introduction of GMail the trust just keeps fading with every new 'integrated' service they introduce.
They accumulate too much cross-referencable personal information for anyone to trust them based just on do-no-evil corporate motto.