Posted by maman2132 in
adsense on 11 12th, 2008 |
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Via PayPal is safe in his domination of the electronic payment industry, at least for now.
Following reports that Google plans to launch a new online payment service (nicknamed Purse Google), Eric Schmidt, CEO Google, denied that Google will compete directly with PayPal. But he acknowledges that Google has plans for certain types of electronic payment services.
Without identifying any details, Schmidt emphasized that Google Payment Service does not provide the same face to face, stored value payment system, as proposed via PayPal.
Internet commerce industry is rampant in the rumors of a new Google service following e-commerce conference securities firm Piper Jaffray. Speculation that Google Wallet will interfere with the aid of PayPal, the site was created by the emergence of June 20 article in the Wall Street Journal that Google plans pay service to compete with PayPal.
Via PayPal is a unit of eBay, and generates nearly 25% of the total income from eBay. It is used by consumers for a variety of Internet shopping. This allows customers to use their credit cards without revealing their credit card numbers to the dealers. Via PayPal, has a share of each transaction and that revenue from $ 233.1 million in the first quarter of this year.
The bulk of revenue comes from Google ads on the site and the expansion of the online payments, many in the industry as another example of rivalry between the two companies.
Google is a giant in Internet commerce, with sales of 3.2 million dollars last year. Payment services that compete directly with the assistance of PayPal, it would be a serious blow to the aid of PayPal and eBay.
Google maintains silence over the rumors, Schmidt until the commission last Tuesday. Without elaboration, said that Google is a contributor to the expansion of existing promotional programs.
