About time for Google...

[hex65000]

Finally! I feel like the competition is almost like a ride to the rescue. (even though it probably isn't.)

 

http://www.electricnews.net/frontpage/news-9719972.html

 

Hex.

[ I just keep shedding... eww! ]

[+RandomPerson]

They are charging .1 percent form the total more than paypal does per transaction and you cannot keep a balance nor can you do person to person transactions. Too bad, I had high hopes for GBuy.

[taxman]

That must be a mis-print. Paypal charges 2.9% not 1.9%. At least that's the standard rate. The only way you can get the 1.9% is if you do over 100,000 volume per month.

Edited June 30, 2006 by taxman

[video game addict]

That must be a mis-print. Paypal charges 2.9% not 1.9%.

 

 

That's an E-commerce rate for larger companies. It is 2.9% for the regular joe domestic & 3.9% on international transactions.

[+RandomPerson]

But what about the no balace thing and no person to person. I can kinda see the no balace thing but no person to person transactions is dumb.

[lemoncurry]

I reckon that's to minimize the rampant fraudulent activity that forces Paypal to be such knobs sometimes...

[jerrykurtz]

Or it could just be a start. It is partnered with Citi which used to do p2p transactions.

 

The problem is, it reminds of the the ill fated Microsoft Wallet -- which is too bad. I think Google should concentrate on what they do best -- internet businesses and quit trying to be the M$ killer.

 

I think they would enjoy a lot more success in the auction and p2p payment arena than with trying to replace M$ office, desktop, etc.