Feeds

Google readies PayPal-killer

Payment system weeks away

Build a business case: developing custom apps

Google is all set to launch its online payment system, or "PayPal-killer" for the over-dramatic.

According to a note from investment bank RBC Capital Markets the search giant will let people selling goods through Google Base use the system to pay for purchases. GBuy is due to launch 28 June and will initially be limited to Base users.

This will be extended to "Google-approved merchants" later. The service will be free at first but Google wants to charge between 1.5 per cent and 2 per cent of sale price. The service will be targetted at small merchants who are unable, or unwilling, to accept credit card payments.

The "Trusted GBuy Merchant" tag alongside search results may have a beneficial impact on click-through rates. Although ecommerce is growing fast - £18bn last year or 2.5 per cent of household spending - there is still a perception that security fears are holding back some purchases.

Google's brand may help allay these fears. If the search giant was to track purchases too then it would have valuable information to feed back into its search engine.

The announcement, or rather lack of announcement - Google has not confirmed the launch - is widely seen as bad news for market-leading payment system PayPal, owned by eBay.

There's more on how GBuy works and what it looks like here or on the San Jose Mercury News here.®

5 things you didn’t know about cloud backup

More from The Register

next story
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.