Google’s GBuy Will Compete With PayPal
Google is released a payments service today called GBuy according to a report on Forbes.com. Merchants who enroll in the program will receive free payment processing during the beta period and 1.5% - 2% after the beta period expires.
GBuy will process orders on Google’s domain, similar to PayPal processing, and hand the user back over to the requesting site once the transaction has completed. The new service would give Google a more complete view of commerce search conversions, ultimately allowing the company to charge higher or lower rates to advertisers based on observed purchase conversions.
The new service is also has a merchant certification program, allowing selected merchants using the GBuy service designation as a trusted GBuy merchant. The special seal of approval would be displayed in Google’s search results and could possibly be used as a new ranking variable for advertising placement.
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I really don’t like Google to begin with, thier adwords program is nothing but a frustration to advertisers and thier adsense program is nothing but an insult to publishers. Google is attepmting world domination one step at a time and I refuse to help them. Paypal is a great reliable e-commerce provider and I won’t switch just to be cool. I’d rather pay more and be with paypal than step down to Google’s inferior customer support.
July 2nd, 2006 at 5:44 pm