Google Checkout released
Google have released their online payment service Google Checkout. Google are pushing three main areas:
Stop creating multiple accounts and passwords.
With Google Checkoutâ„¢ you can quickly and easily buy from stores across the web and track all your orders and shipping in one place.Shop with confidence.
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.Control commercial spam.
You can keep your email address confidential, and easily turn off unwanted emails from stores where you use Google Checkout.
As expected, Google have integrated the service into AdWords. This means that merchants who support Google Checkout are shown with a green shopping trolley next to their URL in advertising. Google are also adding incentives for those who pay for advertising with Google. That certainly is a major point-of-difference with Paypal.
Process sales for free.
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.
The previously reported free period during beta was obviously untrue. For people who do not spend money on AdWords, the fees are 2% and $0.20 USD per transaction. That certainly beats Paypal’s fees of 2.9% and $0.30 USD per transaction.
There are already a number of well-known online stores using Google Checkout.