Google Wallet to pwn PayPal

[sfleuriet]

http://news.yahoo.com/news?tmpl=story&u=/ap/20050621/ap_on_hi_te/google_wallet

If they end up having better payments and fees setup than PayPal, expect me to be signing up as soon as they open! ;D

[primesuspect]

omg they really are trying to take over the internet.

[sfleuriet]

yeah they are. if you've ever looked through the entire google site, you'll find so many things you've never seen before.

http://www.google.com/intl/en/help/features.html
http://www.google.com/intl/en/options/index.html

theres also a Google Store filled with ungodly-overpriced items affixed with the Google logo.

[Nomad]

omg they really are trying to take over the internet.

It's about time.

[primesuspect]

When microsoft does it, they are called a million different bad names. When google does it, they're "cool"...

It just goes to show how much consumer psychology and marketing go towards the perceptions we have about brand names.

[Gargoyle]

Google still fires people for complaining on blogs. They're not perfect. They just haven't pissed us off with BSODs. Yet :D

[TheBaron]

When microsoft does it, they are called a million different bad names. When google does it, they're "cool"...

It just goes to show how much consumer psychology and marketing go towards the perceptions we have about brand names.
at least they're choosing to replace things that already needed replacing. paypal has definitely had its issues and could stand an overhaul, and some healthy competition in that business couldn't hurt

[Leonardo]

Google taking over the internet? Hmm, probably not. But imagine if it were AOL! Run away, run away! :eek:

[pseudonym]

Google is fine with me, let em go nuts.
Microsoft is fine with me, let em go nuts.
Ticketmaster needs to be tarred, feathered and hung in a public place.

[Crazy Joe]

And the always fun description of Google Technology (http://www.google.com/technology/pigeonrank.html)...

[Nomad]

When microsoft does it, they are called a million different bad names. When google does it, they're "cool"...

It just goes to show how much consumer psychology and marketing go towards the perceptions we have about brand names.

Yeah, I'm not in the Microsoft is evil camp but I know what you mean.

[Camman]

When microsoft does it, they are called a million different bad names. When google does it, they're "cool"...

It just goes to show how much consumer psychology and marketing go towards the perceptions we have about brand names.

Truer words were never spoken. (except for maybe 'Camman is awesome' or 'Camman is one of the top 10 sexiest guys on the planet', but I should hope I don't hear that second one from any of you folks)

I think this is one thing that isn't going to gain instant popularity just because it's Google. I do all my ebay transactions through PayPal, and theres like a slim to none chance that PayPal parent company ebay is going to be accepting Google (Wallet?) payments on their auction site. Perhaps merchants will start to pick it up, but PayPal is an established name, and that's the only reason ebay pay $1 Billion+ for it, I'm certain they had the technology to implement a payment service but the PayPal name has been the standard for a while.

Goodluck to them on it, perhaps if it's as great as everyone expects I'll give it a try but as I said I primarily use PayPal for ebay and I doubt we'll see an ebay/Google payment option on auctions anytime soon.

[CB]

But they're not getting a monopoly. Everything they do has already been don, they just do it for free (with ads). They are creating competition, not eliminating it.

Microsoft is bad because their practices are unethical (forcing users to purchase bunfled software with their OS to cut competition, forcing PC manufacturers to bundle windows with the PC to cut competition, etc.) Googlee isn't doing anything wrong.

They are providing better services for lower prices. That's how it is supposed to work...

[Jengo]

Eh.. im happy with paypal, i dont need something else unless it offers something spectacular like gmail did.

[McBain]

Google is fine with me, let em go nuts.
Microsoft is fine with me, let em go nuts.
Ticketmaster needs to be tarred, feathered and hung in a public place.


Amen brotha. 8$ service charge for ONLINE tickets. :shakehead

[sfleuriet]

Eh.. im happy with paypal, i dont need something else unless it offers something spectacular like gmail did.

i agree. Paypal is fine with me, but the fees are excessive. I also get TONS of fraud attempts (phishing) through my paypal email address, and it would be nice to have a Firefox-like alternative to Paypal.

[Dexter]

theres like a slim to none chance that PayPal parent company ebay is going to be accepting Google (Wallet?) payments on their auction site. Perhaps merchants will start to pick it up,...I doubt we'll see an ebay/Google payment option on auctions anytime soon.


That was exactly what I was thinking. Unless Google makes it financially attractive to Ebay in some way, there's no incentive for them to change until Google's service reaches a critical mass that can't be ignored.

Dexter...

[CB]

I am a seller on Ebay, and I refuse to accept paypal unless the buyer pays the 2% fee. Ebay already charges a listing fee, and lots of other fees, they should make Paypal free... Theres just no reason for it, especially now that 'check 2000' is finally working...

I'll accept Google Wallet if it's a better deal.

[Leonardo]

I am a seller on Ebay, and I refuse to accept paypal unless the buyer pays the 2% fee. Ebay already charges a listing fee, and lots of other fees, they should make Paypal free... That is exactly why the Google program will be a success. PayPal (EBay) is essentially the only game in town, knows it, and charges accordingly. Of course, when the Google competition hits PayPal, they will lower their fees, but Google will have already made a permanent market presence. I'd switch in a heartbeat. Let's remember, EBay may be the biggest name in town for online dealings, but there are thousands of other sites that happily accept online payments. Google will be a success from day one.

[Lincoln]

They are providing better services for lower prices. That's how it is supposed to work...Precisely.

[sfleuriet]

That is exactly why the Google program will be a success. PayPal (EBay) is essentially the only game in town, knows it, and charges accordingly. Of course, when the Google competition hits PayPal, they will lower their fees, but Google will have already made a permanent market presence. I'd switch in a heartbeat. Let's remember, EBay may be the biggest name in town for online dealings, but there are thousands of other sites that happily accept online payments. Google will be a success from day one.

yep i agree- the 2% fee IS bs. I don't make the buyer pay it, but it makes me mad.

[Camman]

Let's remember, EBay may be the biggest name in town for online dealings, but there are thousands of other sites that happily accept online payments. Google will be a success from day one.

Yeah, but Paypal has been around forever and just now are merchants actually starting to accept PayPal. I know some tech supply stores online and places like GoDaddy now accept paypal but I honestly don't see the point, for ebay it makes sense because people want to be able to do easy electronic transfers (let's keep in mind that ebay doesn't charge a fee on checking account funded transfers like they do on credit card transfers that have to be processed, but yes that fee is excessive) between two parties that in a lot of cases don't have a professional means for accepting payments, through online merchants I prefer to just use a credit card, a service like paypal is just an extra step to me.

I also don't like to fall into this crowd that seems to think everything Google does has been touched by the hand of God. Sure, gmail is great, but there were lots of people in an uproar about their ad-targeting service scanning words in private emails to correctly display their ads.

Let's keep this in the perspective I take when someone tries to tell me about how great best buy or circuit city or whoever gives them some 0% APR for 6 months or some other great credit card deal: they aren't your friend and they don't want to help you out. Their goal is to put more money in their pocket. Microsoft does it with what some would call overpriced software. AOL does it with crappy internet service. Google does it by cramming their "less intrusive" advertising into handy services. It's all a business and those two guys who started Google (cant remember their names, dont care) wouldn't be instant billionaires if somebody didn't think their return on investment was going to be pretty awesome on an up and coming very internet-saavy company. Let's take note, it's not google.ORG and last I checked google didn't register for non-profit status to help the greater good of the internet.


//updated post

coincidentally, minutes after posting this I spotted the following article on MSNBC which headline reads

"Google CEO says 'We're not going after PayPal' "
http://www.msnbc.msn.com/id/8307889/


Although he declined to provide any details about the project, Schmidt made it clear it won't trespass on PayPal's turf.

"We do not intend to offer a person-to-person, stored-value payments system," Schmidt said during an interview with The Associated Press.


so I guess the 'Google (ahem) <i><b>pwns</b></i> PayPal" thread title is <i>slightly</i> inacurate.

[sfleuriet]

lol thats way too long for me to read

[Camman]

lol thats way too long for me to read
Yeah, really, I mean whats the point of a discussion forum, to start a topic and then read other people's thoughts on it? I don't think so.

[sfleuriet]

sry my thoughts arent that long. im not an avid reader either

[Leonardo]

Their goal is to put more money in their pocket. Exactly, just as it should be for any business that wants to stay in business. Worst case scenario in all of this: another player in the online payment industry will force more competitive pricing. I expect PayPal's terms to become friendlier to their subscribers. Should that be the case, I imagine I would not switch to Google.

[Camman]

Exactly, just as it should be for any business that wants to stay in business. Worst case scenario in all of this: another player in the online payment industry will force more competitive pricing. I expect PayPal's terms to become friendlier to their subscribers. Should that be the case, I imagine I would not switch to Google.

I understand that, my only point was that people seem to put Google on this pedestal as the great savior of the internet but really they're just like any other business.

[CB]

I don't glorify them, but I do prefer the advertising bussiness model for most things. If I could get all my food for free, but there were ads printed on every wrapper, then that's what I would do. I like it.

I beleive that in the future, most consumer goods will be paid for in advertizing, which will increase the size of the middle class (a good thing).

I have a whole line of reasoning that gets me there, and hopefully you can see it too, but if not... well, maybe I'll write an article about it sometime soon...

[Camman]

where will the revenue come from? Why would people advertise for things if they were just going to be free? Perhaps I'm not understanding what you're saying.

[Leonardo]

I understand that, my only point was that people seem to put Google on this pedestal as the great savior of the internet but really they're just like any other business.Agreed.