A new online payment processor is in the works to compete against Ebay’s Paypal system. Tentatively called Google Wallet, the new system is being developed by the Mountain View, CA, search engine giant and is expected to have an official launch date by early 2006. Choice is good and soon consumers may have a viable alternative to quirky Paypal.
October 2004, the entire Paypal system collapsed for five days, although Paypal insisted that they were only “intermittent issues” that “would soon be addressed.” This outage coupled with what many have long considered to be terrible customer service issues, e.g., unauthorized charge backs to members’ accounts, onerous fees, and “customer-no-service”, has made Google’s timing especially sweet.

Related to Google Wallet, is a recent rumor that Google may take direct aim at the likes of eBay and Craig’s List and start an online auction/classified listing site.

All of this is good news for you, the consumer, as competition heats up in the payment processor wars. Stay tuned…these are exciting times in which we live!

About the Author:
Copyright 2005 — Matthew Keegan (http://www.thearticlewriter.com/) is The Article Writer who writes on a variety of topics including: advocacy, automobiles, aviation, business, Christian themes, family, news, product reviews, travel, writing, and more. Samples from his portfolio are available right online (http://www.thearticlewriter.com/portfolio.htm)
Tag: Google Wallet

Google Wallet Paypal Ebay Storm Pay PayDirect Yahoo MSN Craig’s List online shopping.

Tags: Yahoo,Storm Pay,Craigs List,PayDirect,Paypal Alternatives

Related posts

• Paypal - Why Paypal’S Instant Bank Transfer Option Can Cost Your Business Money (0)
• Paypal - Paypal Powered (0)
• Paypal - If Paypal Is Not The One, What Else Is There? (0)
• Payment Processing - Freelancers To Flock To Google Checkout? (0)
• Google Checkout - Google Checkout V Paypal - Will There Be A Winner In The Payments War? (0)

Tags: Craigs List, Ebay, Google Wallet, MSN, online shopping, PayDirect, Paypal, Paypal Alternatives, Storm Pay, Yahoo

This entry was posted on Wednesday, August 1st, 2007 at 4:01 am and is filed under Paypal Alternatives. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.