Barry Schwartz at SEORoundtable has two excellent articles about Google payments, and how it can now be used as a substitute to a merchant account by those selling through Google Base.
How to join Google Payments through Google Base
Buying Items and Accepting Payments at Google Base
On a test $1 transaction, the Google fee was 27 cents.
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March 16th, 2006 at 1:15 am
Yikes - a 27% fee? That’s outrageous!
March 16th, 2006 at 1:19 am
pay attention… that’s $0.25 per transaction + 1.9%. I think you’ll find that with any merchant. As a matter of fact, Google is offering a much lower percentage per transaction than you will find with almost any gateway unless your pushing $10K through the merchant.
So, with that said, where do I get an invite?
March 16th, 2006 at 2:04 am
This is exciting news. I am ready to give paypal the boot. To bad we will need to wait for the majority of people to start using it.
March 16th, 2006 at 4:19 am
This is a sure shot winner, frm the Google Stable. Things will getting exciting for the Netizens in the ecommerce space.
March 16th, 2006 at 9:03 am
From what I’ve read on google base, the transaction fee is 2.5% + .25 transaction fee. So on a $50 sale you’re looking at $1.50 or a 3.0% total fee.
March 16th, 2006 at 9:52 am
Did I miss something? Is Google Payment system out to public already?
March 16th, 2006 at 4:11 pm
Any api or anything released? Gotta have an API to be a good paypal replacement ;)
Regards,
Eric
March 17th, 2006 at 6:07 am
Google always trying there hand at everything, but i don’t think they will be successful in this new shopping business because paypal is well established, and google it might take a while for people to trust them with there money.
June 13th, 2006 at 8:46 pm
AS YOU ALREADY KNOW FROM THE 6 MILION ACCOUNT ONLY THE 1.3 MILION IS ARE STILL IN USE SO THE OTHER 4.7 MILION THEY WILL WRITE IN G MAIL WEN THEY OPEN (THANKS GOD )
June 21st, 2006 at 11:11 am
seems neat! do i need an invite or anything? if so would someone please be kind enough to either e-mail an invite to: abbyfabby_redesigned@hotmail.co.uk or a link to the page where i can sign up! thank you in advance .mark