Scot Wingo, the CEO of ChannelAdvisor, one of the leading auction management and ecommerce solutions providers for eBay sellers, has given PowerSellerKing the permission to repost his excellent observations about Google Checkout.Also watch for a PowerSellerKing interview with Scot in late July.
Here is part 1, "Can't we all just get along?"
Prior to launch there was much speculation that GBuy (now known to be Google Checkout) would be a PayPal competitor.
Now that it’s released its time to clear the air and point out vigorously that not only do these two systems not compete, but it would be really interesting if they were to work together. Here are some points:
- Google Checkout is not a new payment system. Google Checkout (as the name says) is a checkout system+wallet+credit card gateway+purchase manager
- Google Checkout is no different from a payments perspective than something like Authorize.net or Cybersource
- Google Checkout has no stored balance system
- Google Checkout is not for person to person transactions
All that said, as an avid PayPal user, I think it would be really cool if I could store my PayPal details with Google Checkout and have that available as a payment option within my Google Checkout. Then I could use my PayPal balance or checking account to pay with things vs. just credit card. This would be good for:
- The 100m consumers that use PayPal as a payment system
- PayPal would get into more checkouts
- Google would have a broader offering
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