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With all the innovating Google has been doing, GBuy would be one offering that can generate a revenue stream for them. With all their apparent success, they do have a strong need to get some parallel income streams going and not just be putting out more toys and free services. GBuy could fill the bill.
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Well my english not well so i didnt understand what will really can happen.All i wonder is if will they offer a service like paypal,i mean in most countries peoples can withdaw their money on paypal account to their local banks but paypal doesnt care for my country.We have a Google office here so im dreaming if it can come true
Google currently has several payable services (AdWords, AdSense, Google Video, etc.) in addition to their (currently) free offerings. Moving to their own finacial system would dramatically cut their transaction costs. It would also allow them to setup a system for micropayments.
Here's a basic example (these numbers are example ONLY and do not reflect real-life numbers for me.). Let's say I don't live in the U.S., but have an AdWords account and spent $190 in advertising last month. Google charges my credit card for $190 and has to pay ~3.5% in transaction fees (because it's a non-U.S. credit card). I also have an AdSense account that earned me $200. Google cuts a $200 check and pay the postage to mail it overseas. I decide I want to buy $10 worth of stuff in Google Video. Again, I use my credit card and Google pays another 3.5$ in transaction fees.
With GBuy, this scenario would result in 0 revenue/income for Google ($200 = $190 + $10) and minimal (if any) transaction charges for Google. Currently, instead of breaking even, Google ends up losing somewhere around $6-7 on this set of transactions.
Google still need to pay them off like any other company charging cards.
Sure, there would be some cost, but the total ammount could be reduced dramatically. If the balance in my GBuy account were debited and credited with only the ocasional Visa/Master Card transaction, G could keep the 2.1%-3.5% typically passed on for many of the routine transactions I make.
The key to mass migration will be making the user interface useable. PayPal is still far too annoying for many of my clients.
Eg, Accounts dept do a great job but they haven't been given access to campaign performance, underspends, overspends etc so need to depend on Sales dept who also generally do a good job but haven't a clue about the accounts stuff.
Credits have to be chased by the advertiser and then need to be *manually* generated by the credits team which normally takes weeks.
Strange that they take money automatically but refund manually (& I'm not talking about fraudulent clicks) They're creaming off millions with this one scam alone.....
Yeah, can't wait to use Gbuy
many people confuse PP popularity with the ability to pay by card.
There are only two players that could take PP on: Google and MSN, MSN would suffer from inevitable perceived security issues, so only G could realy do it
I like the G alot, but IMHO concentrate forces for the search looks better. They waste some resources and money instead of make SERPs more relevant and kick spam sites.
It may given them more transaction power, wherein they can negotiate even better rates but even that is somewhat of a stretch. My guess is that they want to integrate this with froogle and google print among other things to actually sell goods rather than services, adding a stable system to generate revenue.
I live in an "exchange control" country.
I can not have an account in US dollars.
G won't let me withdraw my AdSense earnings to my US account because I do not have a US tax number (I don't pay US taxes!)
So the end result is they mail my cheque to me every month - still haven't received this month's - and then I have to get someone to take it back to the US for me and mail it to my bank.
I then have to pay my AdWords bill with my US$ account credit card. It's just all so silly.
If they allow me to receive AS revenue and pay AW from this GBuy account and then draw down the balance to my US account it would be heaven. Just have a feeling that it won't work out. Had to go through hoops to get a PP account but now I handle $1000s every month through them with no problems.
Imagine, if you will, that a high percentage of adwords advertisers paid their accounts with GBuy. That would be significant enhancement to an existing revenue stream.
If this would be the case...GBuy would become more of a B2B payment platform as opposed to Paypal being an Ebay/consumer type. Seems the two would naturally attract two different target markets and not compete in a head on battle for the same piece of pie.
Google Inc. has expanded its online payment service so that users can buy and sell everything from bicycle brakes to Beanie Babies through its Web site, posing an immediate challenge to eBay Inc.
Google added the payment service to its nascent Google Base classified listings Friday, an expected move that nonetheless sends shockwaves through the Internet industry.
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