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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."

23 of 335 comments (clear)

  1. Wallet? by Pig+Hogger · · Score: 4, Funny

    How about Goopay? Goopal? Paygoo? Palgoo? Paygle? Paygle?

    1. Re:Wallet? by ikkonoishi · · Score: 2, Funny

      Google + Money = Moogle

    2. Re:Wallet? by N3Roaster · · Score: 3, Funny
      Google + Money = Moogle
      Kupo?
      --
      Remember RFC 873!
    3. Re:Wallet? by arose · · Score: 4, Funny

      Rooble.

      --
      Analogies don't equal equalities, they are merely somewhat analogous.
  2. Hope they include a nice micropayment system. by Eunuch · · Score: 2, Funny

    So people can donate to the projects they rejected for the summer of code.

    --
    Transcend Humanity. Please.
  3. Cool! by maelstrom · · Score: 4, Funny

    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.
  4. Re:Too late by rbarreira · · Score: 3, Funny

    Someone buy that, quick!

    --

    The AACS key is NOT 0xF606EEFD628B1CA427BEA93A9CA9773F
  5. I'm Feeling Lucky by slashmojo · · Score: 2, Funny
    This special offer ebook costs just $100! *

    [Buy This] [I'm Feeling Lucky]







    *and might rebill at $100 per month.. if you forget..

  6. What! by __aaclcg7560 · · Score: 4, Funny

    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.

  7. Re:Coming soon: GBay? by Entropy_ah · · Score: 2, Funny

    From the same story on fark.com:
    Bahamut: GBay sounds like bj, which is slang for oral sex.

    --
    my other penis is a vagina
  8. Re:Too late by goodcow · · Score: 3, Funny

    Someone clearly missed the funny.

  9. Re:I will NOT use it... by Nasarius · · Score: 2, Funny

    And for every search, Google kills a kitten! OMG!!!1111!!!!!!

    --
    LOAD "SIG",8,1
  10. Re:And Google become regulated... by Duncan3 · · Score: 2, Funny

    Oh hush, this is Slashdot, Google is god here.

    Pointing out facts about the banking system, and the very close eye governments keep on such things will get you nowhere ;)

    --
    - Adam L. Beberg - The Cosm Project - http://www.mithral.com/
  11. Re:good, paypal needs competition by 0101000001001010 · · Score: 2, Funny

    It's probably a little late to post this. But I just wanted to add that the exact same thing happened to me. Perversely, I knew that I had chosen to use my credit card, since after selecting it they tried to push some additional "credit card insurance" or some nonsense like that on me.

    I called their customer service within 1 minute after the transaction, since the confirmation email mentioned my bank account. Now this was a long distance call, my friends, no 1-800 number here. After waiting in line for over 20-minutes (long-distance) I spoke to the most singularily unpleasent, unfriendly, and unresponsive customer service I have ever had to talk to. All to no avail of course. Fortunately I managed to drive to my bank and put the cash into the account before the transaction went through.

    So if Google is bringing some competition, than I hope that PayPal dies a quick and painful death and that their customer service department STARVES TO DEATH!...

    I feel better now.

  12. How does this fit in with their mission statement? by AthenianGadfly · · Score: 3, Funny

    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.

  13. Re:Too late by NitsujTPU · · Score: 3, Funny

    The trade of the beast!

  14. Depends on perspective. by jd · · Score: 3, Funny

    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)
  15. Re:This seems reasonable... by OrangeStar · · Score: 4, Funny

    How can any of this be scary when they have a "do no evil" slogan? That slogan alone has entirely assuaged my fears.

    --
    This .sig was pirated on BitTorrent, costing the MPAA millions of dollars.
  16. Re:Lowest forms of life... by hondo77 · · Score: 3, Funny

    Don't be silly. Real estate developers are the second lowest form of life. They're followed by radio DJs, people who change lanes without signalling, car subwoofer manufacturers, and the cast of Beverly Hils 90210.

    --
    I live ze unknown. I love ze unknown. I am ze unknown.
  17. Re:Too late by Anonymous Coward · · Score: 5, Funny
    www.gwallet.com is currently owned by a domain squatter.

    What about www.gaypal.com?

  18. I Trust PayPal more by team99parody · · Score: 2, Funny
    Acually, I trust them both 100%.
    • I trust Google to track my every move, and to archive every search/click/purchase/EVERYTHING that I ever do on line; and keep this information and slice&dice it to build up a profile that knows me better than myself.
    • I trust PayPal to mess up regularly; and to mix up my transactions with that of people overseas; and to occasionally lose money and occasionally find random amounts of extra money.

    Viewed in this light, PayPal == anonymous cash; while Google == Big Brother.
    In many ways, this makes PayPal safer.
  19. Re:Too late by Jugalator · · Score: 2, Funny

    What did you think it would be...
    A network for happy friends?

    --
    Beware: In C++, your friends can see your privates!
  20. $ 1 GB (GigaBuck) Free with registration. by Anonymous Coward · · Score: 1, Funny

    I'll use it if they give me $1,000,000,000 (1 GigaBuck) Free!