daniel1113
Diamond Member
- Jun 6, 2003
- 6,448
- 0
- 0
Unfortunately, to PayPal's credit, they have two things already working for them: Integration with eBay and a large user base. As much as I love Google, I will find it difficult to switch over unless their fees are considerably less.
mugs
Lifer
- Apr 29, 2003
- 48,920
- 46
- 91
They're not turning into a monopoly, they're competing against and existing monopoly. You think that's bad? And they could expand into as many markets as they want and it wouldn't make them a monopoly, they'd just be a company that does a lot of different things.
This is probably the first bad thing Google will have done. People will end up hating Google after they've been screwed out of a transaction (either as a buyer or seller) and take it personally. Since Google is aiming for branding their name on everything else they have, it's going to hurt them a lot in the long-run.
The whole credit card payment system is flawed, with the card companies siding with the consumer all too often. Fraud? Open databases? They don't care. Just stiffing the vendor is a lot easier than providing real solutions. Payment processors have no choice but to pass back chargebacks to their clients. Google will be no exception.
The only possible way Google could have some leverage over payment issues is for them to have their own auction system, whereby sellers and buyers could have a far better system than how ebay is now. Otherwise, Google's move into payment processing is a big mistake that's going to haunt them big time.
The whole credit card payment system is flawed, with the card companies siding with the consumer all too often. Fraud? Open databases? They don't care. Just stiffing the vendor is a lot easier than providing real solutions. Payment processors have no choice but to pass back chargebacks to their clients. Google will be no exception.
The only possible way Google could have some leverage over payment issues is for them to have their own auction system, whereby sellers and buyers could have a far better system than how ebay is now. Otherwise, Google's move into payment processing is a big mistake that's going to haunt them big time.
this is what I was thinking...there are a LOT of dumb ppl in the world that blame the SERVICE for something the seller/buyer did when it wasnt the services fault
I do think however google will have to vastly increase their technical support dept (something im sure they dont have/need right now) because when you start to deal with people's money...you need to be able to talk to them should they have any questions.
Miramonti
Lifer
- Aug 26, 2000
- 28,653
- 100
- 106
I figured it would only be a matter of time before they introduce services involving a cc etc to get your personal info and tie people's surfing and email info together on everyone.
Given their ability to accumulate and catalog data, they become the worst type of spyware imo, and worth avoiding like the plague, no matter how inexpensive this service is (which it definitely will be). :thumbsdown::thumbsdown:
Given their ability to accumulate and catalog data, they become the worst type of spyware imo, and worth avoiding like the plague, no matter how inexpensive this service is (which it definitely will be). :thumbsdown::thumbsdown:
YES! Paypal is ok but fvck ebay, hopefully theres a better option for auctions too in the future.
Saint Nick
Lifer
- Jan 21, 2005
- 17,722
- 6
- 81
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