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Google Release Google Checkout

Friday, June 30, 2006
Google Checkout Logo Google have recently released their competition for paypal in the form of Google Checkout, While Google checkout aims to compete in the same market as paypal there are a few big difference that will either make or break Google Checkout. The main difference is that you will be unable to send money from one Google Checkout account to another, Like you can with paypal. Some think it's this that made paypal such a success, But you could equally argue that the difference will be what make Google Checkout more suitable for online merchant than paypal.

So how will Google Checkout effect online buyers and sellers and how will we interact with it?
The thing people will probably notice first is the little shopping cart icon next to sponsored links on google search (Google Checkout Shopping Cart), This is to indicate to users that this store not only has the product you want, But also accept payment through google checkout.
At present the amount of merchants using Google Checkout are limited, But are growing fast. Google have listed merchants using google checkout

Google Checkout Demo Video



How much does google checkout cost?

To send payments through google checkout will be free for the customer, But merchants will have to pay 20 cents plus 2% of the transaction.
This is considerably lower than what paypal charge. You will also receive Fraud protection from google checkout and neither your email of credit card number will be shared, Even with the store you are buying from. It seems like the main idea behind google checkout is to make buying online easier, quicker and safer.

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