Slashdot Mirror

← Back to Stories (view on slashdot.org)

Google CEO Confirms Online Payment System

Posted by Zonk on from the your-g-branded-online-wallet dept.

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."

2 of 251 comments (clear)

  1. Currency by Decameron81 · · Score: 5, Interesting

    Maybe they are going to offer Googlecoins as the first form of virtual currency?

    --
    diegoT
  2. Beta? by Moiche · · Score: 5, Interesting
    They may have to skip the beta this time. I don't think I'd trust a pre-release version of the software to transfer money.

    me: I transferred 100$ for his pog collection. Where did it go?

    google support: But it's beta! And Beta means we can fuck up from time to time!

    Also -- not competing with Paypal because they aren't going to store money? Sure, but won't google add that functionality the moment it becomes commercially advantageous? Not to mention the fact that I think for most people, an instanteous credit to your credit card (or bank account or whatever) when you get paid for you antique pog collection is not such a bad thing.

    Final thought -- for every post in this thread complaining about the number of Google stories on /. -- God kills a kitten. What -- prove me wrong.

    --Moiche