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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."

2 of 335 comments (clear)

  1. I will NOT use it... by johansalk · · Score: 0, Flamebait


    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!

  2. Re:The Trust Factor by WhatAmIDoingHere · · Score: 0, Flamebait

    Why do you trust Google so much? Because they said they'd do no evil?

    --
    Not a Twitter sockpuppet... but I wish I was.