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Handpicked News For Internet Developers - Since 1999 |
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June 18, 2005
Report: Google preparing to challenge PayPal
Expanding into online payments might make Google less dependent on advertising, which accounted for nearly all of its first-quarter revenue of $1.26 billion. The merchants who run auctions on eBay are major buyers of Google's ads, which appear alongside search results.
The likelihood of Google rolling out an online payment system to rival eBay's popular PayPal service became a hot topic during an Internet conference hosted Thursday by Piper Jaffray.
Continue Reading "Report: Google preparing to challenge PayPal"
Roundup:
'Google Wallet' Reportedly Ready to Jump into PayPal's E-Payments Space (Marketing Vox):"with a payment system in place, "Google Auctions" would be a mere hop away."
Google Wallet: The Bank of Google (Search Engine Journal):"Convenience and, especially, trust are key elements that will determine whether Google Wallet will succeed."
[update 6/22/2005]
Google's top executive confirmed on Tuesday that the company is planning to expand into broader online payment services but said it will not compete with a PayPal-like service. Instead, Schmidt said that Google is looking to expand its current online payment services, which is largely used to handle payments from advertisers and to Web publishers in Google's popular online advertising programs.
Continue Reading "Google CEO Confirms Work on Online Payment Service"
Posted by Don at June 18, 2005 07:48 AM
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