|
Author: Ross MacIver Article source: http://search-engines-emarketing-metrix.blogspot.com/. Used with author's permission.
PayPal is secure in its domination over the electronic payment industry, at least for now.
Following reports that Google planned to launch a new Internet payment service (nicknamed Google Wallet), Eric Schmidt, CEO of Google, denied that Google would be directly competing with PayPal. He did, however, acknowledge that Google has plans for some type of electronic payment service.
Without revealing any details, Schmidt emphasized that the Google payment service will not offer the same sort of "person to person, store-valued payments system" as PayPal provides.
The Internet commerce industry was rampant with rumours of the new Google service following an e-commerce conference hosted by securities firm Piper Jaffray. Speculation that Google Wallet would encroach on PayPal territory was reinforced by the appearance of a June 20th article in the Wall Street Journal which stated that Google was planning an online payment service to compete with PayPal.
PayPal is a unit of eBay and generates almost 25% of total eBay revenue. It is used by consumers for making a wide variety of Internet purchases. It allows purchasers to use their credit cards without divulging their credit card numbers to merchants. PayPal takes a percentage of each transaction and had revenues of $233.1 million in the first quarter of this year.
Most of Google's revenue comes from online advertising and this expansion into online payments was seen by many in the industry as yet another example of the rivalry between the two companies.
Google is a giant in Internet commerce with revenues of $3.2 billion last year. A payment service that competed directly with PayPal would be a serious blow to both PayPal and eBay.
Google maintained silence about the rumours until Schmidt's comments last Tuesday. Without elaborating, he stated that Google's payment service would be an extension of its existing advertising programs. Copyright 2005 by Ross MacIver
This article may be redistributed freely on the Internet or in ezines as long as the resource box and hyperlinks remain intact.
Ross MacIver is the director of Best Online Content. We provide quality content for your web site and offer a full range of design and SEO services.
How Reliable are Cell Phones
Cellular phones and pagers are part of the "now" generation, instant contact, anywhere at any time. People are looking for convenience, comfort and security. Th...
Getting In-Zinc
Zinc is an important mineral that serves many vital purposes in the body. Approximately one hundred enzymes rely on the presence of zinc to be able to effective...
$1000 Advance Payday Loan - Should You Borrow That Much On a Payday Loan?
Here are some points to consider when deciding on what payday loan amount to borrow.
No Income Verification Home Equity Loan
A no income verification home equity loan is a second mortgage loan that does not require you to provide income documentation to qualify for the loan. This typ...
Everything You Need To Know About Spyware and Malware
You've got Spyware! Just what is "Spyware?" The word brings to mind exploding pens and shoe phones. In fact, software makers have struggled to define what spywa...
Echinacea To Prevent Common Cold and The Flu
Everyone hates getting a cold or flu but even the healthiest people are susceptible to falling ill. This article discusses hot to use Echinacea and basic preven...
Cat Litter Brands Determine Good Cat Litter Box Habits
Cats are fussy about a lot of things, and the cat litter brand you think she'll likes might end up offending her for a number of reasons. If she doesn't like it...
Africa
...black and proud!
Home-based Business Opportunity, Anyone?
There definitely is a trend. Many network marketers have turned full time, making fortunes in the new profession of Network Marketing.
About Happiness and Fulfillment
You want to be happy, but do you know how. Read on to understand why for social, spiritual creatures such as ourselves acquiring power, prestige and material po...
Tips On Effectively Organizing Your Navigation
Not all links are created equal. While all of your links may be important, you must sort and prioritize to come up with an effective navigation scheme. Here's w...
Vacation Rental For The Family
Vacation rentals ideas and tips for the whole family.
After Shaving a Man Needs The Scent Of Aftershave
Most man shave at least a few times a week because they enjoy a smooth, clean look. However, there is one by product of shaving, it leaves the surface of a man'...
What is a Business Loan?
A business loan is designed for a wide range of small, medium and start-up business needs including the purchase, refinance and expansion of a business.
What Is It That You Are Waiting For?
Are you waiting for something to change before you begin to live your life on purpose?
Timeshare Resales - How To Buy Smart
There are several key factors you must consider in order to avoid overpaying for timeshare resales. In this article you'll learn the steps necessary for you to ...
Google Blog Search - Another Great Reason To Have an RSS Newsletter
Google recently announced a Beta Version of their Blog Search Engine. Blogs are the perfect tool for a Newsletter publisher and now that Google allows users to...
Potassium and The Dialysis Patient
Any dialysis patient who has had a brush with high potassium will know only too well how dangerous this can be. We are forever being told to watch our potassium...
8 Biblical Facts About Marriage
1. Marriage is God's design. Genesis 2 18-24
A Vision for Success
Did you know that there is a formula for attaining success?
Children, Entitlement and God
"Setting the alarm on Sunday mornings is inhuman…..God should know that!" Those were my adolescent thoughts every weekend when my parents forced me to church. "...
Weight Loss Advice – What Makes a GREAT Personal Trainer?
Finding a good personal trainer is not that easy. With the growing demand for trainers, it makes it difficult for the consumer to distinguish good from mediocre...
Exercise: How To Keep Your Kids Moovin and Groovin
One out of five American kids is obese and the numbers keep going up. Lack of exercise is one reason for the obesity epidemic. Kids can play outside when the ...
Power Kiting the First Steps
Don't just buy a power kite and break a leg trying it out! Learn how to take that first step of a safe flight.
|
Print this page