Can’t we all just get along?! Demystifying the PayPal vs. Google Checkout Hype
Prior to launch there was much speculation that GBuy (now
known to be Google Checkout) would be a PayPal competitor.
Now that it’s released its time to clear the air and point
out vigorously that not only do these two systems not compete, but it would be
really interesting if they were to work together. Here are some points:
- Google
Checkout is not a new payment system. Google Checkout (as the name says) is a checkout system+wallet+credit card gateway+purchase manager
- Google Checkout
is no different from a payments perspective than something like Authorize.net or Cybersource
- Google Checkout has no stored balance system
- Google Checkout is not for person to person transactions
All that said, as an avid PayPal user, I think it would be
really cool if I could store my PayPal details with Google Checkout and have
that available as a payment option within my Google Checkout. Then I could use my PayPal balance or checking account to pay with
things vs. just credit card. This would be good for:
- The 100m consumers that use PayPal as a payment system
- PayPal would get into more checkouts
- Google would have a broader offering
Off-topic, sorry.
Scott, I just saw the post on AuctionBytes about the new CA Labs offerings. They look like very useful tools, and as a subscriber I'm glad to see that the CA services continue to broaden and improve.
Posted by: Sam | June 29, 2006 at 10:51 AM