Thursday, June 29, 2006

GBuy, the next paypal?

Alot of rumours about GBuy. Everyone, and possibly anyone who follow up the google news should have know about it. It's the Online payment system by Google. As currently Google has been increasingly promoting it's trust and services to public, which includes the well known Google Adsense for publishers and Google Adwords for Advertiser, and not to left out, Google(TM) Search Engine, who else never heard of Google. Now with Google coming out with GBuy, will existing Paypal users change their merchant to GBuy? Why not? Which is more likely the reply that one should get when asked.

However, there are some differences between GBuy and Paypal. GBuy is integrated or "as announced" to be used only on Google Base and at Google Store as well as pay for services like Google AdWords, Google Video and Google Earth. In this, it may not (or might be as future is hard to predict) a preferable merchant for e-commerce bussiness as it got to go through the third party(in this case Google).

And suspecting this fact, Google announced Google Checkout on GoogleBlog. You might be interested with Google Checkout if you're a constant Internet Shoppers. What is Google Checkout, you asked. Here is an excerpt on its' official website that meant for buyers/shoppers..

1) With Google Checkout™ you can quickly and easily buy from stores across the web and track all your orders and shipping in one place.

2) Our fraud protection policy covers you against unauthorized purchases made through Google Checkout, and we don't share your purchase history or full credit card number with sellers.

3) You can keep your email address confidential, and easily turn off unwanted emails from stores where you use Google Checkout.

As for sellers..

1) Shoppers who see the Google Checkout™ badge on your AdWords ads will more easily find you when they search.

2) A fast, secure checkout process helps persuade shoppers to buy on your site and buy more often.

3) For every $1 you spend on AdWords, you can process $10 in sales for free. For sales that exceed this amount or if you don't use AdWords, you can process them at a low 2% and $0.20 per transaction.

4) Our fraud prevention tools stop invalid orders from reaching you. And our Payment Guarantee policy helps protect you from chargebacks.

One thing I observed, they are promoting Citibank. Not sure if they got any refferal fees, but sure thing, Citibank is well known.

As for you developers, you can head over to developer center to start developing website and possibly get recognize by Google by coming up with ideas in implementing their service. Some existing languages implemented Google Checkout are C,C++,C#,PERL, PHYTHON, Javascript,ASP.NET,VB.NET,JAVA and PHP. I'm thinking if I'm still a degree student, I might crack my head to propose a project that uses their service. I bet it would be challenging :)

On the other hand, eBay announced to implement Paypal across Yahoo's network which is obviously not a lightweight partnership.

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