Slashdot Mirror
Google CEO Confirms Online Payment System
didde writes "Reuters is reporting on statements that Google's CEO Eric Schmidt had made regarding Google's upcoming payment system. Apparently they're not looking to compete with PayPal." From the article: "Schmidt said Google does not intend to offer a 'person-to-person stored-value payments system' like PayPal's, in which money briefly resides in PayPal's control during the transaction, but he did not give details of how the Google system would differ."
Because I'm starting an international chain of fast food hamburger restaurants, but I'm not looking to compete with McDonalds and Burger King.
Athletic Scholarships to universities make as much sense as academic scholarships to sports teams.
That's how I would design a system like this - and then 'disappear' to a tropical island.
Oops ... I said to much, didn't I?
*Disappears to a tropical island*
I hear there's rumors on the Slashdots
I guess I don't understand how they can do this without the money at SOME point being in their control.
I mean, what else are we looking at?
"With GooglePay you write a check directly to the person you're paying, then write another check for 3% of that amount to Google. Easy!"
Great, what I always wanted, a way for everyone to search for my financial transactions.
If I used Google's payment system, would I be able to google for my missing micropayments? And how long would it stay in Google's cash -- er, cache?
It must be Windows. It needs half a gig of RAM and a hardware-accelerated graphics card just to run Solitaire.
I for one welcome our new Google overlords...
pfft, that's easy. just artificially increase your shipping costs like everyone else does. if you're feeling generous offer a "special paypal haters rebate" if someone pays without using paypal.
-- i am jack's amusing sig file
First my auto insurance company, now you.
GEEZ. You people are so insensative!
I'm outa' here!
---
telnet://sinep.gotdns.com -- TW2002 and LORD (along with others)!
bork bork bork!
Judging from the responses, it seems PayPal really does need a hole in the head.
It must be Windows. It needs half a gig of RAM and a hardware-accelerated graphics card just to run Solitaire.
It's like taking a penny from the penny jar. Only we're not taking a whole penny, just fractions of it. And we're doing it a couple million times.
So how is that not stealing?
The comment has already been made. Let's move it along people. Nothing to see here.
Google won't be competing with Paypal but with the US Dollar by introducing an entirely new currency. Googlebucks, anyone?
filmcritic.com - Movie reviews on Internet time
What we need is a hole in Paypal's head.
BS all you want for the media, but PLEASE compete directly with those criminals at paypal! I want that unjust monopoly broken in half!
"People who do stupid things with hazardous materials often die." -- Jim Davidson on alt.folklore.urban