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Feb 28, 2006 -- Google launches rival to PayPal

Google has been a huge success in the Internet market and it is now branching out into yet another industry. You may have heard of PayPal. The eBay owned company has had the electronic payment market to itself. And, as a result, it has been able to treat customers in a mostly poor manner. But that’s all about to change. Google is now stepping into the ring and is offering a FREE electronic payment program. It’s called “Google Accounts” and it’s only available in test form and in certain markets. It will be available to people who use “Google Base,” the company’s equivalent and competitor to Craigslist, the online local marketplace that is partially owned by eBay. So, it’s a great alternative if you’re doing lots of online transactions and are either paying a lot or getting bad customer service from PayPal. Just remember that if you decide to use Google Accounts, there is no fraud protection at all. This would be the time for PayPal to step in and offer real service and protection for its customers. We’ll see what happens.

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What others are saying

  • PayPal Near Scam
    We had a bad "fake" PayPal experience today. the buyer tried to fake us out that they made a deposit into our PayPal account - when they didn't. (We know this, because we checked our account directly.)

    There were a series of emails exchanged, are all fake, but realistic-looking as if from PayPal that a payment had been made, but would not be deposited into our account until we proved shipment with a tracking number.

    Clark has educated us well enough that we knew better than to fall for this scam.
  • PayPal
    I just learned today that if I use up $2000 on Pay Pal account, all paid transactions, they want a different credit card or to keep access to my bank account for me to continue to use them. That is extortion. I only have $70+ left. I want options
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