Google Wallet May Compete With Paypal

Google Wallet May Compete With Paypal 335

Posted by Zonk on Saturday June 18, 2005 @07:34PM from the showdown dept.

theskeptic writes "According to the WSJ, Google plans to offer an electronic-payment service that could help the Internet-search company diversify its revenue and may heighten competition with eBay's PayPal unit. Codenamed Google Wallet, a payment service could represent a significant expansion beyond online advertising, which generated 99% of its $3.2 billion in revenue last year. Google's move could potentially threaten eBay's successful PayPal service, which generated $233.1 million, or 23% of eBay's revenue in the first quarter."

Google Wallet May Compete With Paypal

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Wallet? (Score:5, Funny)

by Pig Hogger ( 10379 ) writes: <pig.hogger@g[ ]l.com ['mai' in gap]> on Saturday June 18, 2005 @07:38PM (#12853409) Journal

How about Goopay? Goopal? Paygoo? Palgoo? Paygle? Paygle?

Hope they include a nice micropayment system. (Score:2, Funny)

by Eunuch ( 844280 ) * writes: on Saturday June 18, 2005 @07:38PM (#12853410)

So people can donate to the projects they rejected for the summer of code.

Cool! (Score:5, Funny)

by maelstrom ( 638 ) writes: on Saturday June 18, 2005 @07:43PM (#12853440) Homepage Journal

Now Google can store my e-mail, remember my searches, know who all my friends are, know where I'm driving, and know all my finances :-D

Good job!

Re:Wallet? (Score:3, Funny)

by ikkonoishi ( 674762 ) writes: on Saturday June 18, 2005 @07:49PM (#12853472) Journal

Google + Money = Moogle

Re:Too late (Score:3, Funny)

by rbarreira ( 836272 ) writes: on Saturday June 18, 2005 @07:49PM (#12853476) Homepage

Someone buy that, quick!

Re:Wallet? (Score:3, Funny)

by N3Roaster ( 888781 ) writes: <nealw@ac m . org> on Saturday June 18, 2005 @07:52PM (#12853486) Homepage Journal

Google + Money = Moogle

Kupo?

Re:Wallet? (Score:5, Funny)

by arose ( 644256 ) writes: on Saturday June 18, 2005 @07:53PM (#12853487)

Rooble.

I'm Feeling Lucky (Score:2, Funny)

by slashmojo ( 818930 ) writes: on Saturday June 18, 2005 @07:54PM (#12853496)

This special offer ebook costs just $100! *
[Buy This] [I'm Feeling Lucky]

*and might rebill at $100 per month.. if you forget..

What! (Score:5, Funny)

by __aaclcg7560 ( 824291 ) writes: on Saturday June 18, 2005 @08:01PM (#12853533)

Google wants my wallet! The next thing they want will be my first born. Sheesh... I thought Microsft was bad; they only wanted my soul.

Re:Coming soon: GBay? (Score:3, Funny)

by Entropy_ah ( 19070 ) writes: on Saturday June 18, 2005 @08:02PM (#12853538) Homepage Journal

From the same story [fark.com] on fark.com:
Bahamut: GBay sounds like bj, which is slang for oral sex.

Re:Too late (Score:3, Funny)

by goodcow ( 654816 ) writes: on Saturday June 18, 2005 @08:18PM (#12853593)

Someone clearly missed the funny.

Re:I will NOT use it... (Score:3, Funny)

by Nasarius ( 593729 ) writes: on Saturday June 18, 2005 @08:38PM (#12853683)

And for every search, Google kills a kitten! OMG!!!1111!!!!!!

Re:And Google become regulated... (Score:3, Funny)

by Duncan3 ( 10537 ) writes: on Saturday June 18, 2005 @08:44PM (#12853707) Homepage

Oh hush, this is Slashdot, Google is god here.

Pointing out facts about the banking system, and the very close eye governments keep on such things will get you nowhere ;)

Re:good, paypal needs competition (Score:2, Funny)

by 0101000001001010 ( 466440 ) writes: on Saturday June 18, 2005 @09:26PM (#12853882)

It's probably a little late to post this. But I just wanted to add that the exact same thing happened to me. Perversely, I knew that I had chosen to use my credit card, since after selecting it they tried to push some additional "credit card insurance" or some nonsense like that on me.

I called their customer service within 1 minute after the transaction, since the confirmation email mentioned my bank account. Now this was a long distance call, my friends, no 1-800 number here. After waiting in line for over 20-minutes (long-distance) I spoke to the most singularily unpleasent, unfriendly, and unresponsive customer service I have ever had to talk to. All to no avail of course. Fortunately I managed to drive to my bank and put the cash into the account before the transaction went through.

So if Google is bringing some competition, than I hope that PayPal dies a quick and painful death and that their customer service department STARVES TO DEATH!...

I feel better now.

How does this fit in with their mission statement? (Score:3, Funny)

by AthenianGadfly ( 798721 ) writes: on Saturday June 18, 2005 @09:29PM (#12853891)

From http://www.google.com/intl/en/corporate/ [google.com]:

"Google's mission is to organize the world's information and make it universally accessible and useful."

I'm not necessarily opposed to Google creating this service, but how do they make it fit with their mission statement, assuming the information their talking about making universally accessible isn't your credit card info.

Re:Too late (Score:4, Funny)

by NitsujTPU ( 19263 ) writes: on Saturday June 18, 2005 @09:56PM (#12854012)

The trade of the beast!

Depends on perspective. (Score:4, Funny)

by jd ( 1658 ) writes: <imipak@yahoGINSBERGo.com minus poet> on Saturday June 18, 2005 @10:03PM (#12854036) Homepage Journal

Getting thrown on a bonfire by psychotic fundamentalists is not what I would call a good return.

Re:This seems reasonable... (Score:4, Funny)

by OrangeStar ( 820331 ) writes: on Saturday June 18, 2005 @10:28PM (#12854130) Journal

How can any of this be scary when they have a "do no evil" slogan? That slogan alone has entirely assuaged my fears.

Re:Lowest forms of life... (Score:3, Funny)

by hondo77 ( 324058 ) writes: on Saturday June 18, 2005 @10:35PM (#12854157) Homepage

Don't be silly. Real estate developers are the second lowest form of life. They're followed by radio DJs, people who change lanes without signalling, car subwoofer manufacturers, and the cast of Beverly Hils 90210.

Re:Too late (Score:5, Funny)

by Anonymous Coward writes: on Saturday June 18, 2005 @10:36PM (#12854163)

www.gwallet.com is currently owned by a domain squatter.
What about www.gaypal.com?

I Trust PayPal more (Score:3, Funny)

by team99parody ( 880782 ) writes: on Sunday June 19, 2005 @12:36AM (#12854573) Homepage
Acually, I trust them both 100%.
- I trust Google to track my every move, and to archive every search/click/purchase/EVERYTHING that I ever do on line; and keep this information and slice&dice it to build up a profile that knows me better than myself.
- I trust PayPal to mess up regularly; and to mix up my transactions with that of people overseas; and to occasionally lose money and occasionally find random amounts of extra money.
Viewed in this light, PayPal == anonymous cash; while Google == Big Brother.
In many ways, this makes PayPal safer.
Re:Too late (Score:3, Funny)

by Jugalator ( 259273 ) writes: on Sunday June 19, 2005 @08:26AM (#12855701) Journal

What did you think it would be...
A network for happy friends?

$ 1 GB (GigaBuck) Free with registration. (Score:1, Funny)

by Anonymous Coward writes: on Sunday June 19, 2005 @08:45AM (#12855749)

I'll use it if they give me $1,000,000,000 (1 GigaBuck) Free!

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Google Wallet May Compete With Paypal 335

Google Wallet May Compete With Paypal More Login

Google Wallet May Compete With Paypal

Wallet? (Score:5, Funny)

Hope they include a nice micropayment system. (Score:2, Funny)

Cool! (Score:5, Funny)

Re:Wallet? (Score:3, Funny)

Re:Too late (Score:3, Funny)

Re:Wallet? (Score:3, Funny)

Re:Wallet? (Score:5, Funny)

I'm Feeling Lucky (Score:2, Funny)

What! (Score:5, Funny)

Re:Coming soon: GBay? (Score:3, Funny)

Re:Too late (Score:3, Funny)

Re:I will NOT use it... (Score:3, Funny)

Re:And Google become regulated... (Score:3, Funny)

Re:good, paypal needs competition (Score:2, Funny)

How does this fit in with their mission statement? (Score:3, Funny)

Re:Too late (Score:4, Funny)

Depends on perspective. (Score:4, Funny)

Re:This seems reasonable... (Score:4, Funny)

Re:Lowest forms of life... (Score:3, Funny)

Re:Too late (Score:5, Funny)

I Trust PayPal more (Score:3, Funny)

Re:Too late (Score:3, Funny)

$ 1 GB (GigaBuck) Free with registration. (Score:1, Funny)

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