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Monday, June 20, 2005

Google Vs. PayPal?

BusinessWeek TechBeat: Google Vs. PayPal?: The Wall Street Journal is reporting that Google plans an electronic payment service that may compete with eBay's PayPal. If that's true, I doubt Google would be dumb enough to take on PayPal directly--especially as PayPal has started to broaden its reach beyond eBay. PayPal's hardly perfect, but it has such a headstart on online payments that it would be very hard to dislodge it very quickly--as Yahoo!, several banks, and even eBay itself (with its Billpoint service, discontinued when it bought PayPal in 2002) found out. PayPal spent hundreds of millions of dollars building trust, navigating regulatory agencies, and honing antifraud techniques, and that's going to be hard to duplicate quickly.

June 20, 2005 | Permalink

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Comments

what about greenzap?

Posted by: CT | Jun 21, 2005 11:36:08 PM

Paypal is also home to a number of rip off artists who ply their wares on unsuspecting buyers - see some complaints against a few of them by doing a search in Google [ lilhost scam ]. I stumbled on one of the forums by accident and was amazed to read some of the posts there accusing Paypal of sheltering these scumbags from 2004! Despite numerous complaints, they haven't able to shut these guys down.

Posted by: Bob | Jun 24, 2005 12:17:46 AM

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