Google to take on PayPal [link] - GoFuckYourself.com

IPK · 06-18-2005, 10:46 AM

http://www.reuters.com/financeNewsAr...ryID=88 27946

or

http://tinyurl.com/brkvb

------------------------------

Google plans pay service to rival PayPal-WSJ
Fri Jun 17, 2005 08:42 PM ET
NEW YORK, June 17 (Reuters) - Google Inc. (GOOG.O: Quote, Profile, Research) this year plans to offer an electronic-payment service that could help the Internet-search company diversify its revenue and may heighten competition with eBay Inc.'s (EBAY.O: Quote, Profile, Research) PayPal unit, the Wall Street Journal reported on Friday.
Exact details of the search company's planned service are not known, the report said, but quoted people familiar with the matter as saying it could have similarities with PayPal, which allows consumers to pay for purchases on Web sites by funding electronic-payment accounts from their credit cards or checking accounts.

A Google spokesperson contacted by Reuters declined comment.

For Google, based in Mountain View, Calif., a payment service could represent a significant expansion beyond online advertising, which generated 99 percent of its $3.2 billion in revenue last year, the Journal said. Online-payment providers typically take a commission on each transaction.

Depending on the exact details, Google's move could potentially threaten eBay's successful PayPal service, which generated $233.1 million, or 23 percent of eBay's revenue in the first quarter, the newspaper reported.

Rumors about a new Google payment service escalated following a panel discussion at a Piper Jaffray Internet conference on Thursday, the newspaper said.

At the conference, Scot Wingo, chief executive of ChannelAdvisor, a Morrisville, N.C. e-commerce consulting firm, said he believed the payment service would be launched soon, according to the newspaper.

In an interview, Wingo said he based his statement on questions from retailers with which his company works, according to the Journal.

Wingo said the retailers have asked him whether ChannelAdvisor would support the service, which some believe goes by the code name Google Wallet.

? Reuters 2005. All Rights Reserved.

Doctor Dre · 06-18-2005, 10:47 AM

http://www.gofuckyourself.com/showthread.php?t=482321

;P

Rhesus · 06-18-2005, 10:48 AM

GPay.com owners better get their bank accounts ready

IPK · 06-18-2005, 10:50 AM

Quote:

Originally Posted by Doctor Dre

http://www.gofuckyourself.com/showthread.php?t=482321

;P

i haven't posted anything new since i got to gfy, why start now.

hova · 06-18-2005, 10:51 AM

Thats interesting

EviLGuY · 06-18-2005, 11:28 AM

Quote:

Originally Posted by hova

Thats interesting

I think its great personally. Paypal needs some real competition to clean it's fucking act up.

NaughtyRob · 06-18-2005, 11:30 AM

If they will allow adult transactions that will really kick ass.

Basic_man · 06-18-2005, 11:30 AM

Holy fuck. Google is still expending. 3.2 billions revenue last year.. it's BIG !

Brujah · 06-18-2005, 03:14 PM

Why are some people calling it Google Wallet ? Wouldn't Google come up with something original ? Doesn't Microsoft already use Passport and Wallet ?

pstation · 06-18-2005, 03:17 PM

"Google Wallet" sounds like something used to store credit card information, sounds to me like they're competing with yahoo wallet.

taibo · 06-18-2005, 03:17 PM

anything is better than Paypal. paypal is full of scams

Serge Litehead · 06-18-2005, 03:21 PM

GMoney, GPay, GBank, GCash
whatever they call it, people will sign up anyway.

$5 submissions · 06-18-2005, 03:23 PM

Interesting. Maybe it would be cheaper to buy an existing smaller payment outfit then upgrade and incorporate it into their system? Example: Yahoo's purchase of rocketmail produced Yahoo mail.

mardigras · 06-18-2005, 03:32 PM

Quote:

Originally Posted by EviLGuY

Paypal needs some real competition to clean it's fucking act up.

Yep

Kevsh · 06-18-2005, 03:35 PM

Quote:

Originally Posted by ContentProducer

If they will allow adult transactions that will really kick ass.

Wishful thinking, but now that their "public" not a chance in hell.

Steen2 · 06-18-2005, 03:39 PM

Quote:

Originally Posted by holograph

GMoney, GPay, GBank, GCash
whatever they call it, people will sign up anyway.

pay.google.com

woj · 06-18-2005, 05:37 PM

This coudl be good...

iwantchixx · 06-18-2005, 07:17 PM

would be really cool. Hope they don't go enroute of paypal and ban all adult related transactions. Would be cool too if you were able to spend it on ebay too... otherwise it's not going to go anywhere,

06-18-2005, 10:46 AM	#1
IPK Confirmed User Join Date: Sep 2003 Posts: 4,209	Google to take on PayPal [link] http://www.reuters.com/financeNewsAr...ryID=88 27946 or http://tinyurl.com/brkvb ------------------------------ Google plans pay service to rival PayPal-WSJ Fri Jun 17, 2005 08:42 PM ET NEW YORK, June 17 (Reuters) - Google Inc. (GOOG.O: Quote, Profile, Research) this year plans to offer an electronic-payment service that could help the Internet-search company diversify its revenue and may heighten competition with eBay Inc.'s (EBAY.O: Quote, Profile, Research) PayPal unit, the Wall Street Journal reported on Friday. Exact details of the search company's planned service are not known, the report said, but quoted people familiar with the matter as saying it could have similarities with PayPal, which allows consumers to pay for purchases on Web sites by funding electronic-payment accounts from their credit cards or checking accounts. A Google spokesperson contacted by Reuters declined comment. For Google, based in Mountain View, Calif., a payment service could represent a significant expansion beyond online advertising, which generated 99 percent of its $3.2 billion in revenue last year, the Journal said. Online-payment providers typically take a commission on each transaction. Depending on the exact details, Google's move could potentially threaten eBay's successful PayPal service, which generated $233.1 million, or 23 percent of eBay's revenue in the first quarter, the newspaper reported. Rumors about a new Google payment service escalated following a panel discussion at a Piper Jaffray Internet conference on Thursday, the newspaper said. At the conference, Scot Wingo, chief executive of ChannelAdvisor, a Morrisville, N.C. e-commerce consulting firm, said he believed the payment service would be launched soon, according to the newspaper. In an interview, Wingo said he based his statement on questions from retailers with which his company works, according to the Journal. Wingo said the retailers have asked him whether ChannelAdvisor would support the service, which some believe goes by the code name Google Wallet. ? Reuters 2005. All Rights Reserved. __________________ DomainerResource.com strategies for monetizing and investing in domain names...

06-18-2005, 10:51 AM	#5
hova Traffillionaire Industry Role: Join Date: Jan 2002 Location: ICQ:209371571 Posts: 22,430	Thats interesting __________________ http://traffillions.com/ Sign up and get lifetime revshare on your traffic

06-18-2005, 11:30 AM	#7
NaughtyRob Two fresh affiliate progs Industry Role: Join Date: Nov 2004 Location: Inside teen pussy Posts: 29,602	If they will allow adult transactions that will really kick ass. __________________ [email protected] Skype: 17026955414 Vacares Web Hosting - Protect Your Ass with Included Daily Backups

06-18-2005, 11:30 AM	#8
Basic_man Programming King Pin Industry Role: Join Date: Oct 2003 Location: Montreal Posts: 27,360	Holy fuck. Google is still expending. 3.2 billions revenue last year.. it's BIG ! __________________ UUGallery Builder - automated photo/video gallery plugin for Wordpress! Stop looking! Checkout Naked Hosting, online since 1999 !

06-18-2005, 03:14 PM	#9
Brujah Beer Money Baron Industry Role: Join Date: Jan 2001 Location: brujah / gmail Posts: 22,157	Why are some people calling it Google Wallet ? Wouldn't Google come up with something original ? Doesn't Microsoft already use Passport and Wallet ? __________________ Free Premium Domain Lists and Tools at Clickmojo.com For Sale: Obscenity.com

06-18-2005, 10:48 AM	#3
Rhesus Confirmed User Join Date: Aug 2004 Posts: 2,009	GPay.com owners better get their bank accounts ready

06-18-2005, 03:17 PM	#10
pstation Confirmed User Join Date: Jul 2003 Location: chicago Posts: 1,135	"Google Wallet" sounds like something used to store credit card information, sounds to me like they're competing with yahoo wallet.

06-18-2005, 03:17 PM	#11
taibo Confirmed User Join Date: May 2005 Posts: 3,720	anything is better than Paypal. paypal is full of scams

06-18-2005, 03:21 PM	#12
Serge Litehead Confirmed User Industry Role: Join Date: Dec 2002 Location: Behind the scenes Posts: 5,190	GMoney, GPay, GBank, GCash whatever they call it, people will sign up anyway. __________________ SilverCrocodile.com Adult web design since '05

06-18-2005, 03:23 PM	#13
$5 submissions I help you SUCCEED Industry Role: Join Date: Nov 2003 Location: The Pearl of the Orient Seas Posts: 32,195	Interesting. Maybe it would be cheaper to buy an existing smaller payment outfit then upgrade and incorporate it into their system? Example: Yahoo's purchase of rocketmail produced Yahoo mail. __________________ Need a NON-ADULT income stream? We build your YOUTUBE CHANNEL for only $20 per video! For Hire: $3/hour or $400 per month Marketing Specialist Virtual Assistants

06-18-2005, 05:37 PM	#17
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	This coudl be good... __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

06-18-2005, 07:17 PM	#18
iwantchixx Too lazy to set a custom title Industry Role: Join Date: Oct 2002 Location: The Boonies Posts: 12,860	would be really cool. Hope they don't go enroute of paypal and ban all adult related transactions. Would be cool too if you were able to spend it on ebay too... otherwise it's not going to go anywhere,