Google plans pay service to rival PayPal-WSJ

Iria · Jun 18, 2005, 05:18 AM

NEW YORK, June 17 (Reuters) - Google Inc. (GOOG.O: Quote, Profile, Research) this year plans to offer an electronic-payment service that could help the Internet-search company diversify its revenue and may heighten competition with eBay Inc.'s (EBAY.O: Quote, Profile, Research) PayPal unit, the Wall Street Journal reported on Friday.

Exact details of the search company's planned service are not known, the report said, but quoted people familiar with the matter as saying it could have similarities with PayPal, which allows consumers to pay for purchases on Web sites by funding electronic-payment accounts from their credit cards or checking accounts.

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Read More / Source: Reuters

Erroneus · Jun 18, 2005, 09:18 AM

Great news, tired of paypal and the way they run their buisness.

Also google is a more international brand, making it easier to deposit money

Spyro124 · Jun 18, 2005, 09:47 AM

Quote:

Originally Posted by Erroneus

Great news, tired of paypal and the way they run their buisness.

Also google is a more international brand, making it easier to deposit money

Hmm?? Paypal not international enough?? I've used it for some time already and have transfered money between alot of ppl in different countries. Also i can't say that it was difficult depositing money.

Only thing i hope that will happen if google goes thru with this, that the percentages you pay to paypal will go down.

The_Neon_Cowboy · Jun 18, 2005, 03:49 PM

Google wil have an uphill battle consider most people what would use such a service use ebay.
Also are a gareteed payment / refund if you fallow the buyer/seller protection policys. Google can't do that...

Erroneus · Jun 18, 2005, 04:42 PM

/wh

Quote:

Originally Posted by Spyro124

Hmm?? Paypal not international enough?? I've used it for some time already and have transfered money between alot of ppl in different countries. Also i can't say that it was difficult depositing money.

Only thing i hope that will happen if google goes thru with this, that the percentages you pay to paypal will go down.

I did not say they weren't international, but I believe Google are more spread out, also to the small parts of the world.

Jun 18, 2005, 05:18 AM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	Google plans pay service to rival PayPal-WSJ NEW YORK, June 17 (Reuters) - Google Inc. (GOOG.O: Quote, Profile, Research) this year plans to offer an electronic-payment service that could help the Internet-search company diversify its revenue and may heighten competition with eBay Inc.'s (EBAY.O: Quote, Profile, Research) PayPal unit, the Wall Street Journal reported on Friday. Exact details of the search company's planned service are not known, the report said, but quoted people familiar with the matter as saying it could have similarities with PayPal, which allows consumers to pay for purchases on Web sites by funding electronic-payment accounts from their credit cards or checking accounts. __________ Read More / Source: Reuters

Jun 18, 2005, 09:18 AM	#2
Erroneus Get off my lawn! Join Date: Aug 2002 Location: Denmark Posts: 13,419 Rep Power: 119 System Specs	Great news, tired of paypal and the way they run their buisness. Also google is a more international brand, making it easier to deposit money __________________

Jun 18, 2005, 03:49 PM	#4
The_Neon_Cowboy HardwareHeaven Extreme Member Join Date: Dec 2002 Location: U.S.A. Posts: 16,009 Rep Power: 92 System Specs	Google wil have an uphill battle consider most people what would use such a service use ebay. Also are a gareteed payment / refund if you fallow the buyer/seller protection policys. Google can't do that... __________________