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PayPal vs Google (Buy)

Posted by Hemos on from the everyone-knew-it-was-coming-eric dept.

pc-facile.com writes "While Google Chief Executive Eric Schmidt confirmed in press accounts that the company was building a payment service, Mr. Schmidt also denied it would directly compete with PayPal. Mr. Schmidt said Google didn't intend to offer a "person-to-person, stored-value payments system," which many people consider a description of PayPal's service. Mr. Jordan (PayPal chief) says he and his team immediately "dissected the wording" of Google's statements. He says he doesn't believe Mr. Schmidt..." There's also a more in depth WSJ article about the service.

8 of 242 comments (clear)

  1. Confused by HoosierPeschke · · Score: 3, Funny

    Hi, I'm going to create a service similar to yours in the same industry, but I'm not going to directly compete with you.

    If I was PayPal, I wouldn't believe Google either...

    --
    Mr. Universe: "They can't stop the signal, Mal. They can never stop the signal."
  2. Re:Why Bite the Hand that Feeds? by LiquidCoooled · · Score: 4, Funny

    It could be some form of micropayments transactional system.
    They certainly have the capacity and hold enough information about each of us in the magical cookie.

    Pay per click brought to life.

    I'm sorry, this link is not available. Please ensure your paypal account is topped up

    --
    liqbase :: faster than paper
  3. Google by propertechdotnet · · Score: 5, Funny

    Google has their hands in everything. If they develop a news site geared towards nerds, it's over.

  4. Re:Can third party transfer survive? by Anonymous Coward · · Score: 2, Funny

    I don't like paper cash, and I definitely don't like digital cash.

    Hey, you! Yeah, you in the droopy pants with the pockets full of dubloons!

  5. I digs the paypal by spottedkangaroo · · Score: 3, Funny
    I know there are tons of horror stories about paypal, but the silent and vast majority enjoy the service.

    Also, you do not need to get a paypal account to pay for an item over paypal using a regular old credit card -- and then only the credit card TOS is relevant to you. So he didn't lose a sale because he has a paypal account, he lost a sale because of your ideology.

    And really, boycotts rarely affect anyone but the boycotters.

    --
    Imagine if you weren't allowed to use roads because a bus company complained about your driving 3 times. --skunkpussy
  6. mighn't by Headcase88 · · Score: 2, Funny

    It's a perfectly cromulent word.

    --
    "When the atomic bomb goes off there's devastation...but when the atomic bong goes off there's celebraaaaation!"
  7. Google is making a BANK! by TerranFury · · Score: 2, Funny

    I know what's going on! Google is making a digital bank! It'll be located on the island of Kinakuta in an abandoned Japanese "command center." Quick! Find Goto Dengo!

  8. Re:Yet another online credit card service? by BaseSequence · · Score: 2, Funny

    Google has recruited online retailers to test GBuy...

    What a horrible name for a product. It's what flight attendants say as you leave the plane. "Thanks for flying with us! G'bye! G'bye! Thanks! G'bye!"