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Google's GBuy Launch June 28th?

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Andrew
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Google's GBuy Launch June 28th?  Reply with quote  

Never trust a Google denial. Vaporware goes against the Google motto of under-promise and over-deliver. But now a Google payment system is looking more real than ever. PayPal won't lose their dominance overnight, but if they aren't already reacting to this new potential Google service, they will lose it sooner than later. I've said it before, but I'm looking forward to the competition, PayPal was truely a nightmare at tax time. Rolling Eyes

quote:

Google is expected to unveil its long-anticipated online payments system later this month on June 28, according to an analysts report.

The service, dubbed “GBuy”, will process payments between shoppers and merchants. Eventually, it might also expanded to include consumer to consumer payments.

“GBuy has the potential to be as important to Google as Google Maps, or Google News, and there is very little that competitors can do to thwart its success,” says Jordan Rohan, RBC Analyst.

The product will launch in “beta” phase, and during this period Google will not charge merchants service fees. Further down the line, Google will most likely institute a 1.5% to 2% fee for transactions, which is similar to or slightly less than what rival Paypal charges.

On search result pages, Google will designate each merchant that accepts GBuy as a “Trusted GBuy Merchant”.

Google will benefit from the service not only monetarily, but also by their access to new information. The payments system captures all transaction data flow, allowing Google to see which categories and keywords produce the most hits and sales.

Analysts predict that GBuy could be “revolutionary”, driving more precise targeting in future searching. And although GBuy looks to be in direct competition with Paypal, Rohan believes that in the short term GBuy is more negative for eBay than it is positive for Google. Longer-term, it could be a game-changer.”



Quote courtest of Tech@v7n
Post Sat Jun 10, 2006 9:44 pm
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hoardingcopper
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I have high hopes for this. Paypal has a lot of problems, alot of people really dislike it on ebay where I sell and buy.

If Google puts alot into this they could really have something here...
Post Wed Jun 14, 2006 7:29 pm
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LateraLex
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I agree. Paypal is mediocre at best. They have been very lenient on fraud and have an underlying religious agenda which dictates policy.
Post Thu Jun 15, 2006 7:35 pm
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Jason777
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I can't wait for this. At the very least I am hoping that the competition will force Paypal to lower its fees and be more concerned with how it treats its Ebay customers.
Post Wed Jun 21, 2006 8:01 am
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forexmaestro
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This is truly going to be awesome. I like Paypal just fine.. but another reputable service won't hurt.
Post Wed Jun 28, 2006 5:47 am
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No-Brainer
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quote:
Originally posted by Jason777
I can't wait for this. At the very least I am hoping that the competition will force Paypal to lower its fees and be more concerned with how it treats its Ebay customers.


That's funny, I have used PayPal since they started and love the way you can set up electronic delivery and instant payments to PayPal without any extra expense for a gateway.

I love them both.

A Unique Twist on Traffic Exchanges
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Post Wed Jun 28, 2006 6:11 am
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erolf119
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PAYPAL WILL NEVER get beat out buy a google company
Post Fri Jun 29, 2007 6:47 pm
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Case-Face
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paypal  Reply with quote  

I'm not a fan of paypal. Google can compete i think.
Post Tue Jul 17, 2007 9:26 pm
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pronet
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Re: paypal  Reply with quote  

quote:
Originally posted by Case-Face
I'm not a fan of paypal. Google can compete i think.


Paypal refuses to serve any MLM program.
Can't blame them Rolling Eyes
Post Sat Aug 18, 2007 5:16 pm
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teksty32
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Never trust Google too.
And nobody shoud do it.
Post Wed Aug 22, 2007 11:48 am
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Zenock
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whatever happens Paypal will always be my favorite Razz
Post Thu Aug 23, 2007 1:43 am
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songteksten32
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Paypal is an alternative for me, not mai main point
Post Mon Sep 03, 2007 11:24 am
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alkiram
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I agree. Paypal is mediocre at best
Post Sat Sep 15, 2007 1:06 pm
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hotinvestclub
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I agree too. Paypal is best.
Post Sat Sep 22, 2007 8:09 am
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