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Google Checkout
From Wikipedia, the free encyclopedia
| Google Checkout | |
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| Developer: | |
|---|---|
| Use: | Web Commerce |
| Website: | https://checkout.google.com |
Google Checkout is an online payment processing service provided by Google aimed at simplifying the process of paying for online purchases. Users store their credit card and shipping information in their Google Account, so that they can purchase at participating stores at the click of a button. Google Checkout also offers fraud protection, as well a unified page for tracking purchases and their status.
The service charges merchants 2.0% plus $0.20 per transaction.[1] However, Google has decided to charge $0 for processing till December 31, 2007[2]
Prior to launch there had been early speculation that Google was building a product to compete with PayPal. However, the scope of Google Checkout is very limited compared to the PayPal offering. Google Checkout processes payments without storing value, and cannot be used to make payments from person to person.
eBay (which owns PayPal) raised some controversy when it added Google Checkout to its banned payment methods list, thus preventing eBay users from using Google Checkout.[3]
Google checkout does not support virtual credit cards which is a big drawback. Paypal, on the other hand, supports almost all types of virtual credit cards.
- Google Checkout
- The Official Google Checkout Blog
- Google launches payment service
- Elinor Mills, "Google Checkout checks in", ZDNET, 29 June 2006
- Google Checkout Integration
- ^ How much does it cost to process transactions through Google Checkout?. Google Checkout Help & FAQ. Retrieved on June 17, 2006.
- ^ No Processing fees until Dec. 31, 2007. Google Checkout Blog. Retrieved on December 19, 2006.
- ^ Steiner, Ina (2006-06-07). eBay Bans Sellers from Using Google Checkout. AuctionBytes. Retrieved on June 17, 2006.
Chairman/CEO: Eric E. Schmidt • Director/Technology President: Sergey Brin • Director/Products President: Larry E. Page • CFO: George Reyes
Other Directors: John Doerr • Michael Moritz • Ram Shriram • John Hennessy • Arthur D. Levinson • Paul Otellini • Shirley M. Tilghman • Ann Mather
Major products
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Advertising: AdSense • AdWords • Analytics • Checkout
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Corporate information
Google acquisitions • History of Google • Criticism of Google • Privacy Issues • Google China • Google.org
Stock Symbol: (NASDAQ: GOOG), (LSE: GGEA) • Annual Revenue: 
US$7.14 billion (2006)
Employees: 10,674 (December 31, 2006) • Website: www.google.com
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