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June 20, 2005 7:16 AM
Safa: Google Wallet Likely, Listings Service Also
Safa Rashtchy released a note today (PDF only, no link) saying his sources are confirming the Journal's story, and reminding us that he earlier noted that Google may launch a listings service as well.
• We had noted earlier this year that we believe Google is likely to introduce both a listings product (similar to "Craigslist" but much more powerful) and a C2C/B2C transaction and payment platform. If Google Wallet indeed launches this year, it will be initially aimed as an additional service to over 200,000 Google merchants, many of whom also use eBay.
• Google will of course be facing significant hurdles to compete with the well-established PayPal, which has more than 72M users. However, we note that when Google entered the paid listing business, it also had to catch up with a much more established Overture, which it eventually replaced as the number one provider of paid search listings.
- Posted by John Battelle on June 20, 2005 7:16 AM
remember this »- Sphere It
TrackBack
Listed below are links to weblogs that reference Safa: Google Wallet Likely, Listings Service Also:
» The Google Wallet from SiliconBeat
Lots of buzz over the weekend following a WSJ article about how Google plans to offer a online payment service, allegedly similar to PayPal, although details of the planned service aren't known. Search Engine Watch has unearthed a few details, includin... [Read More]
- Tracked on June 20, 2005 8:07 AM
» For E-tailer, Google is Like a Drug from The Hitchhiker's Guide to 650
For e-tailers, Google is like a drug. It makes you feel real good about your self (cause its profitable, help your business grow), but you have a sneaking suspicion that it is really the one in control and one day you might need it more than it needs ... [Read More]
- Tracked on June 20, 2005 3:39 PM
» Profile: Google Wallet from TechCrunch
Company: Google (Wallet)
What is it?
This hasn’t launched yet, but there is some buzz around the blogosphere (and the Wall Street Journal) that Google is planning on launching a competing payment service to PayPal.
Is this Web 2.0? I thin... [Read More]
- Tracked on June 20, 2005 4:35 PM
» Google Classifieds? from chew shop
Could Google be looking at creating a classified listing service similar to Craigslist? Is the Google Wallet project a first step to the Google Classifieds which would really put pressure on newspapers? As I have said in earlier post, it [Read More]
- Tracked on June 21, 2005 5:39 AM
» Google Wallet & Google Listings from tribe.net: battellemedia.com
http://battellemedia.com/archives/001639.php
http://www.piperjaffray.com/pop... [Read More]
- Tracked on June 21, 2005 11:45 PM
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Comments
PayPal has many users, and also many unhappy users. They are effectively a monopoly (for eBay) and behave like one. Their customer service is poor, and they have many irritating and inflexible rules.
These conditions suggest a company ripe for competition. Many eBay sellers will happily switch to a better service, especially if it offers better rates. Google need not fear eBay; especially since Google is better managed.
For e-tailers, Google is like a drug. It makes you feel real good about yourself (cause its profitable and helps your business grow), but you have a sneaking suspicion that it is really the one in control and one day you might need it more than it needs you. I guess that day has come :)
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