Archive for the 'Third Party Processors' Category

Google is stepping up the pressure on Paypal yet again. Apparently they feel the free processing has been a great way to get merchants on board with their system. So much in fact they are extending it through 2023 .

With the holiday season quickly approaching, we wanted to do something to say “thank you” to our merchants. To help out during this very busy shopping season, we are processing all of our merchants’ Google Checkout sales for free during the holidays. From November 8 through December 31, 2023 , Google Checkout merchants will receive free processing for all of their Checkout sales, regardless of whether or not they use AdWords. If you don’t currently use Checkout, don’t worry—new Checkout merchants are eligible for this offer as well, so sign up now. To all of our merchants: thank you for contributing to the success of Google Checkout and Happy Holidays!

In addition, they have open Google Checkout to allow purchases to be made from other countries outside of the United States.

Technorati Tags: google checkout, paypal, processing fees, adwords

Shortly after its release, eBay banned Google’s new payment solution Google Checkout from being used to make payments for items purchased through their website. The reasoning eBay offered for this move is that a payment service must have a “substantial historical track record of providing safe and reliable financial and/or banking related services.”

eBay did not announce when Google Checkout would be considered an acceptable form of payment. Considering Google’s recent entry into online sales with Google Base and the addition of Google Checkout, it seems as if eBay is now trying to stave off Google as a major competitor.

Source

Looks like Google has already signed up a bunch of merchants to their new checkout system Google Checkout. They are now even offering $10 and $20 off for various stores using their new system. This includes shopping at StarBucks and CD Universe. Now you can check out Google’s new payment system and save yourself some money.

Google has officially launched its online payment system Google Checkout. You can register for it at https://checkout.google.com/.

Google Checkout offers some interesting “extras” that make it stand out a bit from its competitors. Basically, they’ve tied promoting their new checkout service with their Adwords program. With Google Checkout and Adwords you get:

• A cart icon next to your AdWords listings on Google shows that you accept Google Checkout
• For every $1 you spend at AdWords, they’ll process $10 in transactions for FREE

Google Checkout is very similar to Paypal in terms of its functionality. Current functionality include:

• Your customers are taken off of your website to Google’s website to complete the transaction
• If you get a chargeback, they’ll reimburse you 100%, “if you follow our guidelines”

As of now their is no API that allows a merchant to have a transparent checkout using their system. The checkout page also is not customizeable. That means this Google Checkout will not be the choice of ecommerce stores that wish to maintain a professional look and feel by offering a seamless checkout to their customers. However, Google Checkout would be a good complimentary service much like many stores use Paypal now.

Google Checkout’s rates are very competitive when compared to Paypal. Google Checkout charges 2.20% + 30¢ per transaction compared to Paypal’s base rate of 2.90% + 30¢ per transaction. If a Paypal user wishes to have rates equal to Google Checkout they will need to have a minimum monthly processing volume of $10,000. Only Paypal users with a monthly volume exceeding $100,000 can expect lower rates then Google Checkout currently offers.

Google’s Gbuy is set to launch in a limited capacity on June 28th. It will take six to eight weeks for new implementations to be completed but existing Beta testers will be ready to go immediately. Initially the merchants will not pay any fees for transactions processed through Gbuy. Rates are then expected to be between 1.5% and 2.0% which makes Gbuy a lower cost alternative to Paypal.

Gbuy will not offer a transparent checkout system like Paypal Pro what can be achieved with a true merchant account and gateway. Customers will be taken to Google’s Gbuy website where they will complete their transactions.