Slashdot Mirror

← Back to Stories (view on slashdot.org)

Google Wallet May Compete With Paypal

Posted by Zonk on from the showdown dept.

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."

4 of 335 comments (clear)

  1. Yes by eclectro · · Score: 0, Troll


    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"
  2. GAYPOO by Anonymous Coward · · Score: -1, Troll

    fart

  3. revolutionary, evolutionary or just scary? by Anonymous Coward · · Score: -1, Troll

    Scaranoid Scenario:

    What type of information does anyone need access to?
    If G__gle's mission is to Do_No_Evil how does doing anything along the lines of entering financial services jibe with that mission statement? It doesn't.

    Information aggregation beyond indexing encyclopedia and archival knowledge is just plain prone to abuse. Sure, you can trust Google more than another company. But, when other financial services institutions are prone to abusing consumers' information, losing it or allowing it to be stolen how the heck do you trust a new school firm any more than an old school one? Oh. The company deserves success. That's right. Blind Faith for an "underdog". ffft.

    If G__gle enters this biz, doesn't that just mean they have to comply with C.E.R.T.A.I.N. A.C.T.s that /. readers aren't too keen on? wouldn't G__gle have to report certain transactions and the opening of new accounts to authorities? Wouldn't, couldn't authorities just demand whatever info the Grand God G__gle has on whomever?

    If G__gle is doing anything worthwhile it is making the Our Permanent Record real and accessbile beyond what other similar info brokers already do.

    fft. lame. The Big G depends on other companies for money, not individuals. When does the Big Sell Out or Mess Up occur?

  4. Maybe it will be called . . . by Anonymous Coward · · Score: -1, Troll

    GayPal