Google To Offer 3rd Party Merchant Accounts: The Ultimate Challenge To PayPal
Posted on February 9, 2006
Filed Under Merchant Accounts, Search Engines, Technology and Web 2.0, Third Party Merchant Accounts
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Payment processing companies such as PayPal may have to step back as Google is reported to be building their own payment service. According to the major online press via articles by David A. Utter and Mylene Mangalindan. Google poses a serious threat to other major processing companies, particularly PayPal, who have been enjoying their own growth since they were acquired by the online auction giant EBay. In addition to the opening of PayPal centres across Europe and other countries.
I can foresee that they will be virtually no area which will be untouched by Google at their current rate of growth in new markets. We’ve read about several ongoing projects [Google Cube, Google Radio, My Client Center] and you can be sure that there will be many more innovative ideas for more multi-million dollar projects in the future.
[UPDATE - GOOGLE CHECKOUT IS NOW AVAILABLE FOR MERCHANTS]
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