Google Checkout looks interesting, and I’m particularly impressed with their charge-back policy. It looks like they’re going to offer the merchant a fairer deal than PayPal:
- Process sales for free.
For every $1 you spend on AdWords, you can process $10 in sales for free. For sales that exceed this amount or if you don’t use AdWords, you can process them at a low 2% and $0.20 per transaction.
- Protect yourself from fraud.
Our fraud prevention tools stop invalid orders from reaching you. And our Payment Guarantee policy helps protect you from chargebacks.
I’m less impressed with their US-centric launch:
“At this time, only merchants with a U.S. address and bank account can process transactions through Google Checkout. We look forward to offering more options in the future”.
That’s going to affect market share, as one of the good things about PayPal is that they are international.
Hopefully Google extends the service to other territories soon.