Read/Write Web reports that Google is promoting Checkout on its Home Page.
This will give Checkout a huge boast and access to a massive amount of eyeballs as the Google home page is one of the most visited pages on the web - we’re talking in th…

And……. exhale…

http://cqoutseller.blogspot.com/

1. What the heck is a “Roundhouse Punch”? Tommy Jefferson asks. A roundhouse punch is also known as a “haymaker” which is a long swinging punch started with the fist well below the beltline and well behind the back, then swung in a long, round arc until contact with the target’s jaw. Usually kids throw roundhouse punches.

2. Man, the Google Checkout rates are considerably lower than Paypal. I’m doing a new startup business strictly online that will sell a small inventory of items that are essentially books. Those lower costs are extremely attractive especially since the business is new and not making a dime right now.

3. I’m with Free Market Economy on this one. Competition is good even if it is messy. Nothing like a schoolyard fight with roundhouse punching.

Steve

Over years they improved to a little and i guess every product takes its time. I hope that Google does not react to PayPal and start looking at the customer/merchant needs globally. I am sure over years Checkout will improve regardless of PayPal’s market share.

On my experience with Google Checkout, i never had issues. My experience has been wonderful and i got feedback forms to submit based on my experience and that would give me additional discount for purcahse from Google Checkout! I love the competition!

However Google Checkout is a new product. So obviously it will have lots of areas for growth which is a great news! Knowing Google’s innovativeness, hope they come up with everntullay a better “Alternate Payment Method” in all true sense where it could be accepted everywhere.

I’ve heard of a “roundhouse kick” in dopey martial arts styles, but never a “roundhouse punch”.

Payments is a notoriously difficult business and online fraud in payments is way harder to control than offline CC processing. Check out this list of companies that have tried and gone out of business.
http://www.auctionbytes.com/cab/pages/payment

You can go ahead and use American Express, but I guarantee you are getting gouged on the payment processing fees–they are way higher than Visa, MC, PayPal, etc, so you are paying a premium for that service and protection, especially if you are small merchant. Amex doesn’t do it out of the kindness of their hearts, and most consumers don’t have an Amex card.

For all of those non-US merchants in small countries. Just consider that any company needs to figure out what markets they’ll get the most bang for their buck if they enable payments processing in those companies. Malaysia is priority number 1000 because it won’t generate much eCommerce revenue in comparison to the UK, Germany, France, China, Korea, etc. The only reason Canada has a shot is that it’s English speaking and has a very similar financial services environment to the US.

I put my money on PayPal. I simply don’t think that Google has the focus to be financially successful in the highly complex, operationally intensive, and high fraud environment of online payments. Their value proposition is directly opposed to that of their merchants. After all the promotions are said and done, they will go the way of Microsoft Passport, another initiative that came from deep pockets and died a slow and painful death.

I use PayPal at the moment to accept credit card payments on my bla.st advertising website. It was really easy to set up, and integrates with my website automatically. About a 5 seconds after a person buys a card through paypal it is updated on my site.
http://bla.st/

Paypal is a major PITA for a LOT of things.

I have heard all the horror stories about PayPal but I have used it for years without incident and I think the vast majority of people have too. If the way Google treats AdWords and AdSense customers is any indication of how they’ll treat Google Checkout users, I think I’ll stick with PayPal.

Google is entering shark infested waters. They may have a lot of money to throw at it, but they could get seriously bitten in the end.

You either compete or drown. Paypal has a choice to make. Otherwise paypal days are numbered. Competition is good for America.