Hi,

do you guys heard rumors about Google planning an electronic payment service to compete with Paypal.

What do you know about it ?
Is it true ?
Should we expect this service soon ?
etc..

Would be nice to have a second service working like paypal as an alternative for transaction. I mean a 'trustable' (is Paypal is..) company, with no fees except for receiving money.

G

I heard of this, and I expect anything from Google

Ditto. Google is capable of a lot. Just look at gmail. Not only did they launch this unbelievable service... they prompted Yahoo and Hotmail to up disk space, etc..

Which indicates to me that if they do launch such a service, I'm sure PayPal will be smart enough to look at any new features that they are offering through "gPay" (my name for it) and try to mirror those features themselves.

The payment services probably google is working on are Google's existing online products and advertising programs, in fact they've denied that they are going to compete with paypal.

I heard that they are going to launch a new service mainly for adsence members but I'm sure if they do come out with one that it will be avaliable to anyone.

I heard Google has recent Elvis pictures too!

I heard Google has recent Elvis pictures too!Where? I might have a buyer. :D

That said, I would love a true Paypal alternative for those less fortunate who were born in countries that are not worthy enough to be accepted by Paypal. Guess in what type of country I live in? :P

Originally posted by ldcdc
I would love a true Paypal alternative for those less fortunate who were born in countries that are not worthy enough to be accepted by Paypal.

Have you looked at moneybookers.com (http://www.moneybookers.com/)? Your country is on their list. :)

I'm just using it for the first time. I haven't figured everything out yet, but the person who suggested it to me said he was happy with it. They charge a flat rate rather than a percentage when you transfer funds out, so unless you're dealing with really small amounts, I think it's actually less expensive than Paypal.

Lois

I am currently using moneybookers as well, as Paypal doesnt do business with my country.
As for Google's new service, yes it is true, the service is called "Googlepay" this is not the official name *so far* but this is name that is flowting around.
A search (http://www.google.com/search?hl=en&lr=&q=googlepay+paypal&btnG=Search) on google reveals allot.

If google comes out with a pay program, I think it'd be great. I saw another post where someones country was not supported by paypal, I figure google would take out that problem and have more then paypals 56 supported countrys and more feautures.

Originally posted by Dactyl
I am currently using moneybookers as well, as Paypal doesnt do business with my country.
As for Google's new service, yes it is true, the service is called "Googlepay" this is not the official name *so far* but this is name that is flowting around.
A search (http://www.google.com/search?hl=en&lr=&q=googlepay+paypal&btnG=Search) on google reveals allot.

I would use it for sure. Screw paypal.

Yes and Google always have great new idea and improvement on actual services (Gmail per example).

Well, I for one think it would be a great idea. Google is about the only company that could give PayPal a run for there money. I'm not a fan of paypal but use it because there just isn't anything as good out there. :(

Google has to do it ! Else what would they do with all the FAT CASH?

Yes gpay or googlepay whatever they call it, will take the world by storm as gmail did !

while waiting for google Im using stormpay though the price is steep it is worth it.

Wow, I would definately look into getting this "gPay" (lol) or whatever it is called. Google seems to be able to launch its new services very well.

Can someone give a brief description of Google's pay section?

Originally posted by michaelbrady
Wow, I would definately look into getting this "gPay" (lol) or whatever it is called. Google seems to be able to launch its new services very well.

There is a possibility that the new service is going to be called Google Money - Take a look at who registered googlemoney.com

http://www.whois.sc/googlemoney.com

I just spent some time reading about this in another forums also. Then a 'google search' took me to:

http://online.wsj.com/public/article/SB111905141149263168-uKFxsKiPCrP8NxCA_lJid2X_3FM_20050718.html?mod=blogs

Nice find budy.

Paypal alternative ! And maybe an Ebay one (maybe free but with text ads) that would be AWESOME !

Go Google Go !!

If google comes out with there own payment system... Google would be the best within the fist week!

There are alot of people who hate paypal...

I want Paypal to DIE! Looking at how eBay is scrambling around like a headless chicken buying Skype and Verisgn, I'd say they are scared $hitless at this point. eBay has never really innovated anything beyond the initial thing that got them rich.

I cant believe there isnt someone coming up against Paypal.
Yahoo in the old days tried but their overall look and feel and easy to use wasn't there.

Paypal is good but since bought by ebay the fee increased and useless functions are arising

I cant wait till "gpay" comes. Paypal just doesnt give a rip about the people that use it.

Paypal owe me £300 since April, can't get them to send it to me. Bunch of idiots.

Google would integrate the new payment system to their adsense network, and that would be great. May be they would transfer the money earned directly to the account.

I am eagerly waiting for a payment system that Google will come up with..

I am hoping that the Google's new system would work with more countries than paypal does, would help me allot and so it will with lots of other people who live in countries paypal doesnt deal with, if Google does that, I am sure it will become popular really fast, especially if they intergrate it with adsense.

I always trust Google. I hope and wish that Google will has the service like Paypal soon.

I LoVe Go0o0o0ogle....... :)

Wow, that would be more than awesome! People always trust Google, and I expect that Google Money (or whatever) services will be open to all countries, just like Adsense, and the integration idea is very expected as well. I'm eager to read more news about that.

I hope it is coming very soon. Then, all the payment processors can be prepared to be *scared* by this new service.

I hope Google payments will be available for all countries! But when they start?...

I doubt Google's payment service would be as huge and successful as PayPal. Search and Security are two different things, just as MS can't lead the search market, Google can't lead in every aspect.

Take Google Web Accelerator for instance, It was evil enough the first time around, but this time it’s downright scary. There're even rumors of Google OS, do you seriously think google will outperform MS at it?

Overall, I don't think a good company is good in EVERYTHING it WANTS to do.

I doubt Google's payment service would be as huge and successful as PayPal. Search and Security are two different things, just as MS can't lead the search market, Google can't lead in every aspect.

Take Google Web Accelerator for instance, It was evil enough the first time around, but this time it’s downright scary. There're even rumors of Google OS, do you seriously think google will outperform MS at it?

Overall, I don't think a good company is good in EVERYTHING it WANTS to do.
Paypal and Security? LMAO that's a joke if I've ever heard one!

I dont trust paypal at all.

Joke? Erm..

Why is it that I never faced a single security threat in my 3yrs of PayPal usage? and what makes you disgruntled?

Nice point, they cannot be perfect in everything! That is true, but most like If Google has successfully produced great advertising programs (Adwords and Adsense) so I think with my very small experience that they can do it in the Payment Solutions area. I also think that they got the experts to do it.

Anyway, the future is going to reveal this story soon.

Ya Can't wait for Google. GOO GOOGLE!

Paypal and Security? LMAO that's a joke if I've ever heard one!

As mentioned above, always helps to give some examples ;)

I love paypal, except for the fact they charge soooo much.
Google will be neat to see.
(LMAO, what if google pay had a button to transfer funds from paypal accounts)

I will quit paypal and Move to google just like I moved from yahoo mail to google.

I will quit paypal and Move to google just like I moved from yahoo mail to google.

1. I guess you didn't notice the other thread in which I pointed out the rule about advertising (ovbiously haven't read the rules at all).

From: http://www.webhostingtalk.com/rules.php

Signatures:
Must be setup in your profile, and not manually added to your messages.
May not contain any pricing, plan, sales, etc. details.

2. You may prefer google, but how many of your customers that pay in paypal will want to make the switch just to stay with you?

hm..it would be interesting to see what google can come up with. i won't jump into any conclusions before i actually see what they have.

it's pointless to say that something from a company is great without even seeing the product first right? just like saying anything from Apple is good?

I want Paypal to DIE! Looking at how eBay is scrambling around like a headless chicken buying Skype and Verisgn, I'd say they are scared $hitless at this point. eBay has never really innovated anything beyond the initial thing that got them rich.

uh...online auction isn't much of innovation.

Google always said they weren't coming out with a product to compete with PayPal... I still believe that.

hmmm, wallstreet journal and internet week both wrong?

http://online.wsj.com/public/article/SB111905141149263168-uKFxsKiPCrP8NxCA_lJid2X_3FM_20050718.html?mod=blogs

http://www.internetweek.com/164900918

Where? I might have a buyer. :D

That said, I would love a true Paypal alternative for those less fortunate who were born in countries that are not worthy enough to be accepted by Paypal. Guess in what type of country I live in? :P


I am one of the less fortunate too, so a Gpay or whatever it will be called would really help.

hmmm, wallstreet journal and internet week both wrong?

http://online.wsj.com/public/article/SB111905141149263168-uKFxsKiPCrP8NxCA_lJid2X_3FM_20050718.html?mod=blogs

http://www.internetweek.com/164900918

Neither of those articles say anything contrary to what Google's said in the 4 months following them.

WSJ: "may put it in competition with eBay Inc.'s PayPal unit, according to people familiar with the matter. Exact details of the search company's planned service aren't known."

IW: "Quoting people familiar with the matter, the Wall Street Journal said..."

Hey, you only actually provided one reference to what someone whose name is not Google said :)

In a full search I failed to find any statement by google documenting otherwise. All I found was wild speculation and a list of domains registered since that date all associated with payments.

So please enlighten us with googles statement.

In a full search I failed to find any statement by google documenting otherwise. All I found was wild speculation and a list of domains registered since that date all associated with payments.

So please enlighten us with googles statement.

Sure thing.

SAN FRANCISCO - ASSOCIATED PRESS - JUNE 21, 2005 - Google Inc. CEO Eric Schmidt on Tuesday denied recent media and analyst reports that the online search engine leader is gearing up to compete directly with eBay Inc.'s pioneering PayPal service, although he acknowledged some kind of electronic payment product is in the works.

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.

Clear enough? I'm willing to bet that the payments product will be tied in the shortly upcoming completion of Google Accounts and the migration of gmail, adsense and adwords accounts to Google Accounts. The first use for the Google Purchases system will be to pay for AdWords advertising.

Considering Yahoo! Publisher Network (currently in beta) offers the ability to transfer money between YPN and an Overture advertiser account, I would expect Google will do the same, with Google Purchases as a likely middleman.

although he acknowledged some kind of electronic payment product is in the works. and "We do not intend to offer a person-to-person, stored-value payments system," make me believe that it will probably be a person to business system then.

Unlike paypal where anyone can pay to anyone it will probably be more like Yahoo's Wallet where people use it to make payments to businesses.

although he acknowledged some kind of electronic payment product is in the works.

Hey hey, don't try to change the topic. You responded to my statement that they said they weren't going to compete with PayPal.

The statement wasn't straight forward and was confusing to say the least. Google says they are doing an electronic payment system, but it won't compete with paypal....... Hm....

I almost wonder if the CEO knows they are doing an Electronic Payment System but doesn't know the full aspect of it on purpose. So that statements like this can be issued during the construction of it.

Or it could be they are building something entirely different and not thought of in this topic?

No one will really know until it's actually launched.

And if you are going to ask about the CEO not knowing, it's common business tactics. "Plausible Deniability". It's where an idea is brought up, the project begun, then the CEO and other media spotlight people are kept with a lack of information or just enough information purposefully so they have the ability to deny the product coming out. They may know what the original goal was, but they also know they are being fed little or no information regarding the project so they can't comment fully on it.

The only thing we can do is wait and see what is going to be launched

All i hope is that you can transfer funds to and from bank account doesnt matter either they are savings or checking that way i can pay for things Online which is so much eaiser i think but hey its just my way would be easier for things paypal doesnt even though they say they do but dont.