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June 17, 2005 6:34 PM
Google to Offer Payment Service
The other revenue shoe drops. Not confirmed, but...this from the Online Journal.
Google Inc. this year plans to offer an electronic-payment service that could help the Internet-search company diversify its revenue and may heighten competition with eBay Inc.'s PayPal unit, according to people familiar with the matter.
Exact details of the search company's planned service are not known. But the knowledgeable people say it could have similarities with PayPal, which allows consumers to pay for purchases on Web sites by funding electronic-payment accounts from their credit cards or checking accounts. Some consumers like PayPal for the security it offers, since it allows them to share their banking or credit-card numbers only with PayPal without having to divulge the information to merchants.
Spokespeople for Google and PayPal declined to comment.
More on this later, but...if you want to think about it, read this
Update: Gary has found the "Google Payment Company," which Google filed paperwork for in CA.
More: Carl Bialik of the Journal kindly offers this free link to the Journal story.
- Posted by John Battelle on June 17, 2005 6:34 PM
remember this »- Sphere It
TrackBack
Listed below are links to weblogs that reference Google to Offer Payment Service:
» Google to Offer Payment Service from Lockergnome's Web Developers
If the buzz/rumors about Google considering a service like Paypal are true...well, it would definitely create a brand new revenue stream for them!... [Read More]
- Tracked on June 17, 2005 10:38 PM
» Managing the Worlds (Financial) Information from Oliver Thylmann's Blog
Great post by John Battelle about unconfirmed rumors that Google will offer something similar to eBay's PayPal. Check it out: Google to Offer Payment Service The first reaction would be "hä? what does that have to do with search?"... but [Read More]
- Tracked on June 18, 2005 9:25 AM
» Google to Compete With Paypal from Business Opportunities Weblog
According to the Wall Street Journal, Wall Street Journal Google Inc. this year plans to offer an electronic-payment service that could help the Internet-search company diversify its revenue and may heighten competition with eBay Inc.'s PayPal unit, a... [Read More]
- Tracked on June 18, 2005 4:21 PM
» Google's Pay Pal from chew shop
John Battelle tells us that the Wall Street Journal is reporting that Google is going to offer a payment service. Google Inc. this year plans to offer an electronic-payment service that could help the Internet-search company diversify its revenue and [Read More]
- Tracked on June 19, 2005 7:45 PM
» Google 與 Paypal from Gea-Suan Lin's BLOG
Google 有打算è¦?æ??ä¾é¡ä¼¼ Paypal çæ?åï¼å¨ John Battelle ç blog ä¸æ??å°äº WSJ å ±å° Google æç®å¨ä»å¹´æ¨åºéæµ?æ?åï¼Google to Offer Payment Serviceã
å¨ SearchEngineWatch ç A New Business for Google: Online Payments ä... [Read More]
- Tracked on October 29, 2005 2:10 PM
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