Andreas Engel - BizDev & Program Management
Because iCan!
andreasengel.com
Tuesday, June 19, 2007
  Google Checkout Surpassed PayPal Express Checkout (US)
Checkout as a very integrated experience from initial advertising to final checkout targeting eCommerce platforms to advertise at Google both, consumers and eCommerce platforms can benefit, because it simplifies the checkout process, builds trust and tracks all orders and shipping in one place.
Recent analysis conducted by Cowen and featured by ZDNet has shown that GC has proven to be a formidable competitor to eBay's PayPal Express Checkout.
'Cowen surveyed the top 200 e-commerce Web sites and found that alternative payment platforms are catching on. Among the top e-commerce sites, Bill Me Later commanded 28 percent market share with PayPal and Google Checkout representing 26 percent and 13 percent, respectively.'
Google Checkout with 13 percent 'has surpassed PayPal Express Checkout, which was offered by 10.5 percent of the top 200 e-commerce sites,' Mr. Friedland from Cowen noted.
The major reason preventing Google Checkout from taking off is privacy concerns, but it's not really a show stopper it's more a delay.
'Negotiations between Google and the legal teams at large retailers have been protracted, resulting in delayed adoption.'
Places to shop with Google Checkout include major brands like BlueNile (diamonds), Toys R Us (toys), Starbucks (coffee), Dick's (sporting goods) partner of GSI eCommerce, a leading provider of outsourced e-commerce solutions having 25-30 partners live with Google Checkout and RitzCamera (electronics) which has repeatedly reported to benefit from GC. More stores:


With surpassing PayPal's Express Checkout and with the progress of eCommerce the recent Google eBay collision could opt for Google now tapping into eBay's fixed price business competing in products, customers, and business model.

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Comments:
Hi Andreas, You have an exceptional blog. I really enjoyed visiting your blog. Well, coming to the point.

When google launched its google checkout i thought it will definitely outshine ebays paypal and this has happened. OK, What about the recent fight btw google and ebay? Ebay was search engines (google) biggest advertising clients. Will ebay compensate the amount of traffic it was getting from google?
 
I thought you might be interested in my company's experience with PayPal Express Checkout. We've accepted PayPal (as well as major credit cards) for several years. PayPal called us last month and said if we'd offer Express, they'd waive transaction fees for six months.

After we did the development and had Express running for a couple of weeks, we called PayPal to ask why we were still being charged transaction fees. Our PayPal rep called back a few days later and said, "We decided not to waive fees after all."

Needless to say, we stopped offering Express immediately (though we do still accept PayPal if customers want to use it).

Maybe PayPal Express would be more successful if the roll-out plan wasn't based on lying to merchants.
 
My company DiamondonNet use to use paypal, after all the countless installation problems (awful support), we finally managed to set it up correctly and they just suddenly deactivated our account for no apparent reason. When we called them up, they suspected fraud. What a bunch of dumbass. We decided to go with BofA. I hope Google Checkout or BillMeLater will stomp Paypal.
 
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Name: Andreas Engel
Location: Düsseldorf, NRW, Germany

BizDev & Program Management | eCommerce, PMI, ITIL

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