Several retailers have been quietly testing a Google payment system called GBuy, and users will see a GBuy icon next to AdWords paid search ads. PayPal has dominated the online payment field for some time. It has been a profitable business, one which eBay purchased in October 2002.
/ x d _; C, O1 R( [/ b
5 p2 _ |$ W& I: A9 q4 [' u; M; iPayPal delivered nearly a quarter of eBay's most recent quarterly revenue of $1.3 billion, the Wall Street Journal said in a report today. $ v* n) B- B) }, j' \9 v3 }& \
( e" [" ]4 Q( l# u5 F* x7 q% CThat PayPal revenue may look like a big jar of chocolate chips to the Cookie Monsters at Google. Their rival system, called GBuy, has been getting a workout since the early part of 2005. The Journal cited a source briefed on the service: & I4 ]' w' e! `" l
3 A( q R8 d% O% }
1 u+ `' |8 ^& b: }$ S, V+ PFor the last nine months, Google has recruited online retailers to test GBuy, according to one person briefed on the service. GBuy will feature an icon posted alongside the paid-search ads of merchants, which Google hopes will tempt consumers to click on the ads, says this person. GBuy will also let consumers store their credit-card information on Google.8 \0 d; j3 W I
; r4 h& v. a; {0 a8 x: i
Storing payment information has been an ease-of-use feature and strength of PayPal. Google has enough brand recognition to get a lot of attention. The Journal's report seems to suggest the way Google will get users on board will be through its GBuy retailers. But will eBay accept GBuy as a payment method? Probably, as long as eBay gets its cuts of a sale as is customary. # T! i; E( P1 v1 Z/ f9 e
; Y+ b+ Z1 G( c8 E6 @The GBuy.com domain returns a "page not found" error when tested, so whatever Google has on tap isn't readily available yet. The domain has been registered to the Burbank, CA, firm Trout & Zimmer. SearchEngineWatch noted in September 2005 how the domain gcalendar.com was transferred from Trout & Zimmer to Data Docket Inc, a firm well known for registering domain names with Google as part of the name. 5 U z, H2 |+ Q; `
7 _; \/ z0 Q8 Q: M6 ^- R
Google, as per usual, had no comment on any pending products, the Journal said. |
|