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Google payment (Gbuy) Starts This Month

Discussion in 'Google' started by Arnie, Jun 10, 2006.

  1. #1
    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.
    SEMrush
     
    Arnie, Jun 10, 2006 IP
    SEMrush
  2. Jelf

    Jelf Banned

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    #2
    Wow if this is true it would be awesome! ;)
     
    Jelf, Jun 10, 2006 IP
  3. scoxy

    scoxy Peon

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    #3
    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.
     
    scoxy, Jun 10, 2006 IP
  4. Arnie

    Arnie Well-Known Member

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    #4
    The most awaited feature since adsensxe and adwords :) :cool:
     
    Arnie, Jun 10, 2006 IP
  5. Travis

    Travis Peon

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    #5
    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 :D.
     
    Travis, Jun 10, 2006 IP
  6. Shadow

    Shadow Peon

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    #6
    YES! Awsome! Finally :D
     
    Shadow, Jun 10, 2006 IP
  7. agnivo007

    agnivo007 Peon

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    #7
    Yah...had heard it long ago...now coming to a reality...
     
    agnivo007, Jun 10, 2006 IP
  8. Shadow

    Shadow Peon

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    #8
    Shadow, Jun 10, 2006 IP
  9. Arnie

    Arnie Well-Known Member

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    #9
    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."
     
    Arnie, Jun 10, 2006 IP
  10. pratik

    pratik Notable Member

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    #10
    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) ;)
     
    pratik, Jun 10, 2006 IP
  11. funlounge

    funlounge Peon

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    #11
    It's important for many countries not supported by Pay-Pal right now...
     
    funlounge, Jun 10, 2006 IP
  12. saurabhk

    saurabhk Peon

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    #12
    Yes its geat news!!
     
    saurabhk, Jun 10, 2006 IP
  13. saurabhk

    saurabhk Peon

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    #13
    oh sorry! its not geat its great.
     
    saurabhk, Jun 10, 2006 IP
  14. maldives

    maldives Prominent Member

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    #14
    It is always nice to here about something new.
     
    maldives, Jun 10, 2006 IP
  15. ChocciChops

    ChocciChops Peon

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    #15
    google payments should take off pretty quickly. Is going to be important to be able to accept them.
     
    ChocciChops, Jun 10, 2006 IP
  16. aditya_sfs

    aditya_sfs Peon

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    #16
    Thats really going to be great ......

    thanks for info

    regards
    aditya
     
    aditya_sfs, Jun 10, 2006 IP
  17. tonyinabox

    tonyinabox Peon

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    #17
    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.
     
    tonyinabox, Jun 10, 2006 IP
  18. iowadawg

    iowadawg Prominent Member

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    #18
    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.
     
    iowadawg, Jun 10, 2006 IP
  19. sayyes

    sayyes Peon

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    #19
    Where do I sign up?!?!?!

    It would be great to finally see some real competition for Paypal.
     
    sayyes, Jun 10, 2006 IP
  20. Caios

    Caios Peon

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    #20
    Anyone thinking about something froogle like being combined with this?
     
    Caios, Jun 10, 2006 IP