Go To Ebay Home | Add to Favorites
Google To Compete With Paypal?
PayPal is secure in its domination over the electronic payment industry, at least for now.
Following reports that Google planned to launch a new Internet payment service (nicknamed Google Wallet), Eric Schmidt, CEO of Google, denied that Google would be directly competing with PayPal. He did, however, acknowledge that Google has plans for some type of electronic payment service.
Without revealing any details, Schmidt emphasized that the Google payment service will not offer the same sort of “person to person, store-valued payments system” as PayPal provides.
The Internet commerce industry was rampant with rumours of the new Google service following an e-commerce conference hosted by securities firm Piper Jaffray. Speculation that Google Wallet would encroach on PayPal territory was reinforced by the appearance of a June 20th article in the Wall Street Journal which stated that Google was planning an online payment service to compete with PayPal.
PayPal is a unit of eBay and generates almost 25% of total eBay revenue. It is used by consumers for making a wide variety of Internet purchases. It allows purchasers to use their credit cards without divulging their credit card numbers to merchants. PayPal takes a percentage of each transaction and had revenues of $233.1 million in the first quarter of this year.
Most of Google’s revenue comes from online advertising and this expansion into online payments was seen by many in the industry as yet another example of the rivalry between the two companies. Google is a giant in Internet commerce with revenues of $3.2 billion last year. A payment service that competed directly with PayPal would be a serious blow to both PayPal and eBay. Google maintained silence about the rumours until Schmidt’s comments last Tuesday. Without elaborating, he stated that Google’s payment service would be an extension of its existing advertising programs.
About the author:
Copyright 2005 by Ross MacIver
This article may be redistributed freely on the Internet or in ezines as long as the resource box and hyperlinks remain intact.
Ross MacIver is the director of Best Online Content. We provide quality content for your web site and offer a full range of design and SEO services.
Source: Article Directory
Is Your Market Already Saturated? Copyright 2005 Willie CrawfordI recently offered my ezine subscribers a free gift easily worth over four hundred dollars. It was the free master resale rights to 106 niche products (mostly PDF ebooks). Some of these are products I'm actually selling from some of my websites (or offering as bonuses with other products).Several subscribers emailed to say that they'd seen some of these products for sale on Ebay or other places. They questioned the value of the free gift I offered, and wondered if the market...
Shill Bidding: How Scumbag Bidders Rob Honest Sellers Like You How Honest Sellers Can Be Robbed By Dishonest BuyersShill bidding deal is a 21st century version of a confidence game. The purpose of shill bidding is to buy merchandise at an artificially low price which can then be resold for a healthy profit. It involves either two different buyers or one buyer who possesses two different eBay IDs. Shill bidding is often easy to detect and therefore is usually more successful with an inexperienced seller who doesn't know what to look for. We can't know for certain, but most likely shill bidders look for sellers with low feedback because they know a more experienced seller might realize what is going on. Shill bidding is only worthwhile with an expensive item. If you are selling many low priced, high-volume items, shill b...
Drop Shippers Can Make A Fortune On Ebay Drop shipping has become the latest craze in business and is helping to drive the latest surge of new...
|
 |
 |
 |
Four Reasons Why You Should Never Use Animations In Your Ebay Auctions Inexperienced auction sellers, or those lacking in confidence, often want to make their auction listings more dramatic and exciting. They dread the possibility that buyers will be bored by their auction and turn away with indifference. Therefore, they reason, they will spice u... |  |
| 3 Unusual Formats For Auctions On Ebay eBay users are accustomed to only two "standard" formats forsales on eBay: either the 'regular' auction which involvesbidding and waiting; and the Buy It Now, which is an instantpurchase.But there are three other formats that are less well known.1. Live AuctionsBefore eBay, the traditional auction included live bodies inchairs and an auctioneer up front (talking so fast he wasfrequently unintelligible). Any buyer can still participatein these live auctions via eBay. Live auctions are a hybrid- a buyer is 'sort of' present in a live setting yet is athome using an Internet connection.The products for sale are usually expensive and unusual.There are such items as expensive and unique coins, Asian<... |  |
| 26 Tips On How To Be Safe In Your Ebay Selling And Buying The irony of eBay is that as it grows to be ever more successful, it draws the unsavoury element of the internet towards it. I'm talking about people who make it th... |  |
| Ebay Gold Internet auctions are relatively new having been around since the mid 1990's. There are several Internet auctions including Yahoo Auctions and UBid. But of course the undisputed king of Internet auctions is Ebay. Ebay has over 40 million registered users making it one of the top 10 most visited websites in the world.I discovered Ebay way back in 1998. At first, I was ... |  |
| Drive Yourself To More Ebay Auction Money Big ticket items are increasingly popular on eBay.Cars are probably one of the best examples of this.In fact, eBay is the ... |  |
| The Perfect Home Business For Moms! The important role that women play as a wife and mother at home can not be overemphasized. They organize home life to ensure things run smoothly. From cleaning the home, making the meals, taking care of the children, ... |  |
| Five Ways To Quadruple A Websites Revenue. Copyright 2005 Private Mail ServicesMany website owners all too often give up on their website, even before their site has had time to shine. It can take months, or even years ... |  |
| Starting An Ebay Business --- An Online Business Model That Works THE REALITIES OF AN INTERNET BUSINESS Millions of people are still coming online each year, and many of those people come to the Internet with dreams of making their financial d... |  |
| How To Convert Ebay Surfers Into Bidders! Do you know the phrase "A Call To Action"? Well, using "A Call To Action" on your eBay Auction could help increase your sales almost immediately. As outlined in my book "eBay Marketing Wholesale SourcePak" having the right product, at the right price is crucial. But, what else can you do to entice those eBay surfers to become a bidder? Here is one key factor anyone can implement on their auctions to help increase their sales - it's called " A Call To A... |  |
| Is Your Market Already Saturated? Copyright 2005 Willie CrawfordI recently offered my ezine subscribers a free gift easily worth over four hundred dollars. It was the free master resale rights to 106 niche products (mostly PDF ebooks). Some of these are products I'm actually selling from some of my websites (or offering as bonuses with other products).Several subscribers emailed to say that they'd seen some of these products for sale on Ebay or other places. They questioned the value of the free gift I offered, and wondered if the market... |  |
|
|