Reports are beginning to circulate as of late last week and continuing this week that Google will start an on-line payment program to compete with Paypal. That is good news, if it is true, for consumers. We personally like Paypal and find it to be fair and easy to deal with, even though others will tell stories of difficulties (usually from earlier in time). However, any time there is competition that is a good thing.
We recently wrote about a Paypal initiative to allow payments by buyers without leaving the merchant’s site. So Paypal continues to think agressively about how to improve and expand services. Competition usually keeps both tools sharper in my experience, unless the product is of a type that having business split increases operating costs (example something like utilities with expensive distributions systems). The nature of this could lead to a price drop for the service and cause each of them to think of ways to improve and expand the service offered.
So once again I say, go Google!
