Google Checkout
Encyclopedia
Google Checkout is an online payment processing service provided by Google
aimed at simplifying the process of paying for online purchases. Users store their credit
or debit card
and shipping information in their Google Account, so that they can purchase at participating stores by clicking an on-screen button. Google Checkout provides fraud
protection and a unified page for tracking purchases and their status.
Google Checkout service became available in the United States on June 28, 2006, and in the UK on April 13, 2007. It was free for merchants until February 1, 2008. From then until May 5, 2009 Google charged US merchants 2.0% plus $0.20 per transaction, and UK merchants 1.4% + £0.20. Google since moved to a tiered cost structure, identical to that of PayPal. Also since this date, Google has discontinued its offer whereby merchants who advertised with an AdWords
account were not charged fees on monthly transactions totaling less than ten times their monthly AdWords expenditure.
Google Checkout also has a program which allows US IRS Certified 501(c)3 Non-Profit organizations to collect donations online without being charged the standard fee (2.9% + $0.30 per transaction under $3,000 monthly income, with lower rates for larger volumes.)
In 2006 eBay
, which owns PayPal
, added Google Checkout to its banned payment methods list, forbidding the use of Google Checkout to pay for eBay transactions.
Google
Google Inc. is an American multinational public corporation invested in Internet search, cloud computing, and advertising technologies. Google hosts and develops a number of Internet-based services and products, and generates profit primarily from advertising through its AdWords program...
aimed at simplifying the process of paying for online purchases. Users store their credit
Credit card
A credit card is a small plastic card issued to users as a system of payment. It allows its holder to buy goods and services based on the holder's promise to pay for these goods and services...
or debit card
Debit card
A debit card is a plastic card that provides the cardholder electronic access to his or her bank account/s at a financial institution...
and shipping information in their Google Account, so that they can purchase at participating stores by clicking an on-screen button. Google Checkout provides fraud
Fraud
In criminal law, a fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation...
protection and a unified page for tracking purchases and their status.
Google Checkout service became available in the United States on June 28, 2006, and in the UK on April 13, 2007. It was free for merchants until February 1, 2008. From then until May 5, 2009 Google charged US merchants 2.0% plus $0.20 per transaction, and UK merchants 1.4% + £0.20. Google since moved to a tiered cost structure, identical to that of PayPal. Also since this date, Google has discontinued its offer whereby merchants who advertised with an AdWords
AdWords
Google AdWords is Google's main advertising product and main source of revenue. Google's total advertising revenues were USD$28 billion in 2010. AdWords offers pay-per-click advertising, cost-per-thousand advertising, and site-targeted advertising for text, banner, and rich-media ads. The AdWords...
account were not charged fees on monthly transactions totaling less than ten times their monthly AdWords expenditure.
Google Checkout also has a program which allows US IRS Certified 501(c)3 Non-Profit organizations to collect donations online without being charged the standard fee (2.9% + $0.30 per transaction under $3,000 monthly income, with lower rates for larger volumes.)
In 2006 eBay
EBay
eBay Inc. is an American internet consumer-to-consumer corporation that manages eBay.com, an online auction and shopping website in which people and businesses buy and sell a broad variety of goods and services worldwide...
, which owns PayPal
PayPal
PayPal is an American-based global e-commerce business allowing payments and money transfers to be made through the Internet. Online money transfers serve as electronic alternatives to paying with traditional paper methods, such as checks and money orders....
, added Google Checkout to its banned payment methods list, forbidding the use of Google Checkout to pay for eBay transactions.