What I was hoping for was a real alternative to paypal, preferably with the ability to use Adsense income to pay for Adwords without conversion into local currency. Maybe even micropayments. If I could be paid and buy with “Google money” that Adsense income might stretch a bit further.
The actual service is nothing like this, it is a desperate attempt to get more Adwords dollars through their door by targeting small merchants with a cut-down merchant service and the lure of free credit card transactions. For the consumer it is a circa 1998 “e-wallet”. So why are people saying this is a “paypal killer”?
Just putting the Google name to it seems to be enough for people to overlook the highly “web 1” whiff of this and for people to write-off the mighty eBay. That is just ludicrous. There are no person to person features in this at all yet, and there isn’t even a great deal in this for ecommerce transaction competitors such as Worldpay to be worried. Had any other company announced it, even Microsoft I think it would have been met with yawns.
If you want to sell digital products off your blog and you participate in Adwords advertising it will be worth giving the service a look over, transaction fees can take a bite out of your profits. Anyone else, well, this is not the service we were looking for.
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