Google Wallet Eases Up on eBay PayPal
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Written By Reprise Media | June 22, 2005 | Share This
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It’s not even close to a reality yet, but Google Wallet is continuing to cause quite a stir. Reports earlier this week of the potential PayPal rival are now being seen as slightly off-mark, with both Google CEO Eric Schmidt and eBay CEO Meg Whitman assuring reporters the two firms are not competing in the same space.
Michael Bazeley of SiliconBeat asked eBay’s Whitman how she felt about the Wallet speculation. Here’s some of what she said:
“…PayPal has been around since 1999…This is a highly regulated space now, and something we’ve developed a real expertise in. So we feel pretty good about our competitive position and the fact we that we have critical mass here…”
Google CEO Schmidt also gets in on the Switzerland act in an interview with the Associated Press:
“We do not intend to offer a person-to-person, stored-value payments system. The payment services we are working on are a natural evolution of Google’s existing online products and advertising programs which today connect millions of consumers and advertisers.”
In other words: It’s going to be bigger, cooler, and make more money.
Charlene Li agrees, with some thoughtful insights on what forms this will take.
In the meantime, get your own eBay trading card signed by CEO Meg Whitman herself here.
Topics: ECommerce |
Looks like a lot of posturing rather than “easing up.” Google certainly dont intent to offer a person-to-person payment service and in all honesty, Paypal is no longer that either based on transaction volume segmentation. Google is/will be offering a merchant service that their advertising customers could use. The is a direct threat to majority of Paypal’s business - small business merchants. . . I say the war is still on!
Yea, you’re probably right. Just checked out your blog, you have some pretty interesting things to say about it as well (and Pie Charts! Love the pie charts)