GBuy - Will it work?

[DanNicol]

Just read this article http://ibmwatch.eweek.com/blogs/google_watch/archive/2006/06/27/11115.aspx and saw a whole CNBC deal on GBuy.

I think it would work if they give advertisers some incentives to using it, like better rates or no fees etc.

Will this be a PayPal killer or is it filling another need?

-Dan

 

[peach]

At least it will bring competition to this game, paypal is costing me a lotta money.

 

[DanNicol]

I was reading that some people think that GBuy will offer no fees on transaction if you are an adwords customer. That would be great and would help make it successfull

Dan

 

[WallaceCleaver]

I was reading that some people think that GBuy will offer no fees on transaction if you are an adwords customer. That would be great and would help make it successfull

Dan

What would being an adwords customer have to do with anything. Isn't Gbuy going to serve the same purpose as Paypal? If so, then I don't see what one has to do with the other.

 

[DanNicol]

What would being an adwords customer have to do with anything. Isn't Gbuy going to serve the same purpose as Paypal? If so, then I don't see what one has to do with the other.

From http://blogs.zdnet.com/micro-markets/index.php?p=176

Google CEO Eric Schmidt’s most recent public comments on Google’s impending online payment system, or GBuy, were made at the June 15 Conde Nast luncheon in New York City.

Q: What is Google Payment System, or GBuy?

A. Press has nick-named it GBuy; We have not announced a payment system name yet.

We are focused on advertiser satisfaction. In studying what advertisers do, the more quickly we can get the advertise to buy cycle to close, the happier our advertisers are (our customers, the people who pay our bills). We built and are testing systems that allow a customer of an advertiser to purchase and fulfill things more quickly than through other mechanisms.

Very important to know that it is targeted at advertisers, not at general consumers….Not like PayPal at all.

Very soon will be in Beta.


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So it seems like they will target adwords customers.

-Dan

 

[WallaceCleaver]

So it seems like they will target adwords customers.

Well, that just sucks. I was really hoping for an alternative to Paypal.

 

[Dave]

Well, that just sucks. I was really hoping for an alternative to Paypal.

I'm sure Google will make us happy.

 

[Jon]

With all of these new services and products being launched by Google, they sorta remind me of the Umbrella Corporation from Resident Evil.. cmon, Google Labs probably have a secret chamber underground that are developing Google branded bio-warfare weapons and some type of way so when an enemy searches their engine the results never load, causing the enemy to hang himself because he can't check the stats of his portfolio to see how much money they're making for their terror account.

 

[Mr. X]

lol


anyway, I almost sure google will launch a paypal alternative... not now, but one day

 

[Stanley]

All we're doing is speculating. We won't know anything until it gets released, until then all we have are rumors. I blame the bloggers..

 

[WallaceCleaver]

You have to admit that Google has done a hell of a job of building suspense and expectation.