ShinyShoes - 2:15 pm on Jun 29, 2006 (gmt 0)

I was so excited about Google Checkout, thinking their lower transaction fees compared to Paypal..

Paypal: 1.9% + $0.30
Google: 2% + $0.20 (plus if you use Adwords, for every $1 you spend on it, they process $10 free of charge).

However, Google Checkout won't allow subscription sites of any kind like newspapers, and so on. It also won't support the adult industry.

I guess this is how they managed to negotiate with the credit industry such low ammounts (porn industry and subscription services generally have higher chargebacks).

However, this is a real shame, as they leave out a very large industry: news/subscription sites. I understand them leaving the porn industry out.. but newspapers?!

I hope this is just the "initial phase" and they are pressured to accept subscription sites like Paypal.

What do you guys think?