Archive | May, 2013

Google Checkout To be Retired; Say Hello to Google Wallet

21 May

Retiring Google Checkout Announcement

On November 20th, 2013, Google will shut down its Checkout product. Here’s how this may affect you:

  • Merchants selling digital goods may transition to Google Wallet for digital goods
  • Merchants selling through Google-hosted marketplaces (e.g. Google Play) will be unaffected
  • Merchants selling physical goods will need to switch to third-party alternatives (see below)

This decision was not made lightly—ultimately, we decided our focus is best concentrated on other areas of the payments space. As we begin to sunset this product, you can expect to see a number of changes through 2013:

 

Date

Product Change

May 20th, 2013

Last day to sign up for Google Checkout

November 20th, 2013

Last day to charge orders

November 21st, 2013

Last day to ship orders

November 27th, 2013

All outstanding orders will be cancelled

December 20th, 2013

Last merchant refunds permitted through Checkout

 

We’re committed to helping you remove Google Checkout from your sites, as well as assisting in finding alternative solutions for your payment processing needs. To that end, we’ve addressed many common questions below and throughout the Checkout Merchant Help Center. You can direct questions to our product transition specialists, available 24 hours a day at 1-855-WALLET-6. Thank you for being a user of Google Checkout.

 

Is Google offering a replacement product?

No, Google is not offering a replacement processing solution for physical goods and services. We’ve partnered with three premier players in the payments industry to offer alternatives for your eCommerce needs. The links below will guide you to more detailed information about each offering, including negotiated discounts for Checkout users:

We recognize this transition may be difficult; it impacts you and your business. We’re committed to helping you with a smooth transition. While we are unable to offer a direct replacement for Google Checkout, we are continuing to invest in a variety of exciting new payments products to meet real world needs for both buyers and sellers. You can learn more about our recently launched payments products below:

 

Google Wallet Will Allow You to Send Money as Gmail Attachment

16 May

Gawker:

Google has been trying to get its electronic payment service, Google Wallet, off the ground for years now but as the months dragged on Wallet was getting about as much traction as its sister service Google Plus. That all might change with Wallet’s latest development, introduced today in the video above. If Google has its way, you’ll soon be able to send and receive money via your Gmail account in the length of time it takes to send any other email.

Beginning in the coming months, Gmail users who are 18 or older will be able to use Google Wallet to attach money to their emails. Transactions from bank accounts are free, while transactions with debit or credit cards will be charged a 2.9 percent fee. The person receiving the cash won’t have to have a Gmail account, though they will have to sign up for Google Wallet to accept the transfer. And if the thought of sending lots of money via email creeps you out,”Google Wallet Protection” will cover “100% of all eligible unauthorized transactions reported within 180 days of purchase.”

If this takes off, it seems like it could be the death knell of electronic payment giant PayPal. According to PayPal’s own numbers, it has 110 million active accounts. Gmail’s user base—425 million as of June of last year—dwarfs that.

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