posted on February 7, 2006 08:24:16 AM new
It could only be good news for there to be competition in a field that only has one legitimate player. This doesn't mean that legitimate sellers can stop taking paypal, but it might mean some better terms for sellers.
posted on February 7, 2006 08:45:09 AM new
Yes it is very interesting. But don't forget Paypal has ebay to protect them. All ebay has to do is not allow Google payments like they have done with all other online payment options.
They say your memory's the second thing to go, I just can't remember what the first thing is.
posted on February 7, 2006 08:50:05 AM new
Could Eric Schmidt from Google be THE Eric Schmidt on the Vendio home page??? You know the one who made a gazillion dollars using Vendio services??
Oh no - I can't find Eric on the home page anymore! NEVER MIND
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posted on February 7, 2006 09:01:25 AM new
The minute ebay tries to ban Google from their website is the minute before someone files a suit against them. Their rational up till now regarding the "banning" of certain services has been protecting the consumer from fly by night scams. At the point in time that try to lump one of the most powerful tech names in the industry into that group, their games becomes undeniably transparent.
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Never ask what sort if computer a guy drives. If he's a Mac user, he'll tell you. If he's not, why embarrass him? - Tom Clancy
posted on February 7, 2006 01:34:24 PM new
excerpt: In part because of that heritage, PayPal "doesn't feel like a sophisticated financial system like a Visa or MasterCard" to many retailers, says Ms. Mulpuru.
Many are reluctant to sign up with any operation so closely associated with eBay or for that matter any US-owned financial provider including Google's unit for privacy reasons. Much stronger financial privacy is assured notably, in the EU and EEA, with real safeguards against 'fishing' expeditions under the guise of the Patriot Act. Compliance costs are also lower.
posted on February 7, 2006 06:49:19 PM new
OOOO! This is exciting. I can't wait to see what happens. Now if ebutt had some competition, that would be fantastic.
posted on February 7, 2006 07:26:22 PM new
Would be very nice to get another payment option. Maybe even lower fees would be nice.
**************
Can't touch this! uh huh, uh huh.
posted on February 7, 2006 07:42:15 PM new
Google Testing PayPal Killer GBuy
Several retailers have been quietly testing a Google payment system called GBuy, and users will see a GBuy icon next to AdWords paid search ads. PayPal has dominated the online payment field for some time. It has been a profitable business, one which eBay purchased in October 2002.
Google Testing PayPal Killer GBuy
Google Sets Their Sites Towards PayPal
PayPal delivered nearly a quarter of eBay's most recent quarterly revenue of $1.3 billion, the Wall Street Journal said in a report today.
That PayPal revenue may look like a big jar of chocolate chips to the Cookie Monsters at Google. Their rival system, called GBuy, has been getting a workout since the early part of 2005. The Journal cited a source briefed on the service:
For the last nine months, Google has recruited online retailers to test GBuy, according to one person briefed on the service. GBuy will feature an icon posted alongside the paid-search ads of merchants, which Google hopes will tempt consumers to click on the ads, says this person. GBuy will also let consumers store their credit-card information on Google.
Storing payment information has been an ease-of-use feature and strength of PayPal. Google has enough brand recognition to get a lot of attention. The Journal's report seems to suggest the way Google will get users on board will be through its GBuy retailers. But will eBay accept GBuy as a payment method? Probably, as long as eBay gets its cuts of a sale as is customary.
The GBuy.com domain returns a "page not found" error when tested, so whatever Google has on tap isn't readily available yet. The domain has been registered to the Burbank, CA, firm Trout & Zimmer. SearchEngineWatch noted in September 2005 how the domain gcalendar.com was transferred from Trout & Zimmer to Data Docket Inc, a firm well known for registering domain names with Google as part of the name.
Google, as per usual, had no comment on any pending products, the Journal said.
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Never ask what sort if computer a guy drives. If he's a Mac user, he'll tell you. If he's not, why embarrass him? - Tom Clancy
posted on February 7, 2006 07:53:00 PM new
Can Ebay ban Google from its site?
Remember Billpoint was part of Ebay and we thought Paypal does not stand a chance!!
/ lets all stop whining !! /
posted on February 7, 2006 08:21:16 PM new
Fenix brought up a good point. It would be extremely difficult to convince a court that Google is some sort of fly by night snake oil salesman thatEbay needs to protect its members from. If Ebay bans GBuy from its site, they will be facing restraint of trade and unfair business practices lawsuits plus possible antitrust charges from the Justice Department. OTOH, if they allow GBuy on their site, Paypal will face a serious loss of market share. Not a good scenario for the Ebay/Paypal companies. It puts them between a rock and a hard place and looks like Google wins either way. And if that worries Ebay, wait until Google and someone like AOL form an unholy alliance and launch a competing auction site.
If Murphy's law is correct, everything East of the San Andreas Fault will slide into the Atlantic
posted on February 7, 2006 09:20:08 PM new
::Fenix brought up a good point::
You don't mind if I quote you relentlessly on that do you Sparkz?
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Never ask what sort if computer a guy drives. If he's a Mac user, he'll tell you. If he's not, why embarrass him? - Tom Clancy
[ edited by fenix03 on Feb 7, 2006 09:20 PM ]
posted on February 8, 2006 02:28:18 AM new
Just looked into my crystal ball and saw bad stuff for ebay sellers if GBuy really does take off.
""PayPal delivered nearly a quarter of eBay's most recent quarterly revenue of $1.3 billion".
For seller's, this will mean even higher front-end auction fees if PayPal revenue starts dropping off.
Pay me now or pay me later, eBay will continue to have to make their numbers and the eBay seller is the one who pays the bills.
Not that I am against GBuy. I think competition is a good thing in the long run. It just means sellers who depend upon eBay for a living need to make an adjustment to their business plan.
posted on February 10, 2006 01:53:32 PM new
The problem is that you won't really be able to drop them. What it will mean for sellers is that they will have to use two services. However, the benefit is that they would lose market share, and will not be so arrogant as they are today. Any industry that has a monopoly is bad for everyone (except those that own the monopoly I guess!)
posted on February 10, 2006 02:16:31 PM new
Paypal has to give away $10,$5 to get us to sign up ,so how is Google going to do it??
/ lets all stop whining !! /
posted on February 10, 2006 02:29:49 PM new
Paypal was a brand new concept when they started - They had to do something like that. Now that the concept and format is established, what a company needs to take them on is the desire to do so, the means to accomplish that and the ability to see it through - Something that google has.
posted on February 10, 2006 03:13:10 PM new
LtRay brings up a good point. Even if ebay does authorize GBuy as a payment option it will end up taking away from PayPal's earning's and since ebay owns PP we will probably just see it in increased ebay fee's. Were damned if we do and damned if we don't. They know if they can't stick it to us one way they will just stick it to us another way.
They say your memory's the second thing to go, I just can't remember what the first thing is.
posted on February 10, 2006 05:01:09 PM new
::Even if ebay does authorize GBuy as a payment option it will end up taking away from PayPal's earning's and since ebay owns PP we will probably just see it in increased ebay fee's::
And that would be the perfect time to turn on th lights at that Phoenix industrial park and announce the launch of Google Auctions.
Smart... Savvy... Not exactly beyond the bounds of reason...
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Never ask what sort if computer a guy drives. If he's a Mac user, he'll tell you. If he's not, why embarrass him? - Tom Clancy
posted on February 11, 2006 12:45:17 AM new
hwahwa queried: Paypal has to give away $10,$5 to get us to sign up ,so how is Google going to do it??
You are overlooking the fact that Google already has a huge number of AdSense and AdWords customers signed up worldwide - didn't you read the prospectus? And the bounty for new signups isn't a paltry amount either... but only for the select few beta testers. Google will announce more details when everything is ready and tested since, unlike eBay, they only release code projects when they are ready for 'prime time'.
"And then that little jerk Ralphie convinced all the sheep-herders to build a roller-skating rink!"
