Google payment (Gbuy) Starts This Month

[Arnie]

Google to Add Payments in EBay Threat, Analyst Says (Update3)
June 9, 2006 16:43 EDT -- Google Inc., the most-used Internet search engine, will start an online payment system this month that will challenge EBay Inc.'s PayPal and let Google offer more targeted ads, an analyst wrote.

[Jelf]

Wow if this is true it would be awesome!

[scoxy]

http://purchase.google.com/ - It just redirects at the moment.

Google 'Google purchase' and read some stuff.

If you go to http://purchases.google.com/ it will allow you to change your info, but it's nothing to do with purchases (yet).

Somone got a screenshot also, here.

[Arnie]

The most awaited feature since adsensxe and adwords

[Travis]

I think I just pee'd my pants...I hope they offer a way to be paid into this "account" and enough online retailers accept it to be of some use . Paypal has its obvious flaws, hopefully Google can get it right .

[Shadow]

Originally Posted by Arnie

The most awaited feature since adsensxe and adwords

YES! Awsome! Finally

[agnivo007]

Yah...had heard it long ago...now coming to a reality...

[Shadow]

A little fresh story on that topic

http://www.forbes.com/markets/equiti...markets09.html

not my site

[Arnie]

Originally Posted by Shadow

A little fresh story on that topic

http://www.forbes.com/markets/equiti...markets09.html

not my site

Sooooo slow that link, so I copy paste from the link you have supplied

RBC Capital Markets maintained an "outperform" rating on Google in light of the impending launch of the company's online payment system, currently known as "GBuy."
Consumers using GBuy, which is set for release on June 28, will be taken off the merchant's site to complete the payment. This will enable Google (nasdaq: GOOG - news - people ) to capture e-commerce transaction data, driving more precise targeting in future searches.
"If harnessed, the precision of this targeting could be revolutionary," wrote RBC analyst Jordan Rohan in a report Friday.
On its core search results pages, Google will designate each merchant accepting GBuy as a "trusted GBuy merchant." If consumers view this as a mark of safety and security, Rohan believes this should increase click-through rate.
The analyst expects some resistance from merchants who will fear that Google will use the transaction data to charge them more for sponsored links in the future. Google's bid rank algorithm is influenced by click-through rate, and would, therefore, favor GBuy merchants, he said.
GBuy looks to be a direct competitor to PayPal's "off-eBay (nasdaq: EBAY - news - people )" initiative, which is still early in its development, Rohan added. During the beta phase, Google will not charge merchants for its payment service. After some period, the analyst believes Google will charge 1.5% to 2%, in-line to slightly below that of PayPal.
"Short term, GBuy is more negative for eBay than it is positive for Google," Rohan said. "Longer-term, it could be a game-changer."

[pratik]

i will surely go got it..... itz great news... hoping tht i will make online transaction less painfull .. all over the world (this feature is important)

[funlounge]

It's important for many countries not supported by Pay-Pal right now...

[saurabhk]

i will surely go got it..... itz great news... hoping tht i will make online transaction less painfull .. all over the world (this feature is important)

Yes its geat news!!

[saurabhk]

oh sorry! its not geat its great.

[maldives]

It is always nice to here about something new.

[ChocciChops]

google payments should take off pretty quickly. Is going to be important to be able to accept them.

[aditya_sfs]

Thats really going to be great ......

thanks for info

regards
aditya

[tonyinabox]

i just wonder they will be sweet like honey or difficult like peanut butter.

anyway, paypal had the experience to deal with fraud and people use it for a long time.. let's see if they will win in this market.

[iowadawg]

Canadian Analysts Favor GBuy
Doug Caverly | Staff Writer

RBC Capital Markets believes Google's new online payment system,
called GBuy, could be the next big thing. The financial services
provider, based in Canada, is maintaining its "outperform" rating
on Google due to the perceived potential of GBuy.

GBuy is due to be released on June 28. It will take users off
merchants' sites in order to complete payment, which will allow the
search engine giant to gather e-commerce data. This could, in turn,
drive more precise searches.

"If harnessed, the precision of this targeting could be
revolutionary," RBC analyst Jordan Rohan wrote. He also thinks
Google's plan to designate "trusted GBuy merchants" in its search
results may help build a consumer base and generate sales. The
label would (in theory) mark safe and secure sellers.

Rohan believes GBuy merchants would benefit from increased
click-through rates in another way, as well. Assuming Google's
search algoritithms are influenced by that rate, GBuy merchants
might see higher rankings. Some companies may fear that the
transaction data will lead Google to charge more for sponsored
links in the future, however.

Google has said it will not charge merchants for its payment
service for an unspecified period of time. After the beta phase
passes, GBuy will probably charge 1.5% to 2%, which is roughly in
line with the fees of PayPal, an established provider.

Many people view GBuy as a competitor with PayPal's recent
"off-eBay" intiative. "Short term, GBuy is more negative for eBay
than it is positive for Google," Rohan said. "Longer-term, it could
be a game-changer." It seems like RBC Capital Markets is favoring
that possibility.

[sayyes]

Where do I sign up?!?!?!

It would be great to finally see some real competition for Paypal.

[Caios]

Anyone thinking about something froogle like being combined with this?