Google Launches PayPal Rival

Google Checkout Launched Roy van Rijn informs us that Google's new online payment system is now online. "Under the name Checkout, the venture offers an incorporated manner to search, advertise and pay. If you buy something on Checkout, 2% and $0.20 go to Google. Paypal, the biggest competitor uses 1,9% and $0,30. Analysts compare Google/Paypal to for example Visa/Mastercard living peacefully together, while others predict the end of Paypal." W3K adds "You can use your Google account to store an unlimited number of credit cards and addresses. The service allows you to track all your orders and shipping in one place," and adds a link to a quick video tour.

Comments

Google isn't a "Consumer" company.

[cybrthng]

The customer support SUCKS unless you are spending well over 60k a month or generating revenues in excsess of 10-15k a month.

I'm not sure how google can swing such a project when they refuse to answer questions, they freeze more accounts tha paypal ever has done and they don't provide a good user/consumer experience.

Google is all about satisfying few and reaping the rewards. Until they change their supremacy know it all attitude.. i won't "buy" it.

Re:Money transfers?

[Jesus_666]

Don't worry. If the availability of things like Google Maps and Google Video are any indicator, Google Checkout will be available in Europe somewhere around 2008.