Google Checkout incentives in E-Payment

Malvin Jevon 2301878504

Google is an American multinational corporation that is specific to Internet services and products. These products include search technology, web computing, software, and online advertising. Most of its profits come from AdWords.

Google was founded by Larry Page and Sergey Brin while still Ph.D. students at Stanford University. They both hold a 16 percent stake in the company. They made Google a private company on September 4, 1998. Its mission statement is “to gather the world’s information and make it accessible and useful to everyone”, and its unofficial slogan is “Don’t be evil”. In 2006, Google’s headquarters moved to Mountain View, California.

The company’s rapid growth since its founding has sparked a suite of products, acquisitions, and partnerships beyond Google’s core search engine (Google Search). It offers services designed for work and productivity (Google Docs, Google Sheets, and Google Slides), email (Gmail), scheduling and time management (Google Calendar), cloud storage (Google Drive), instant messaging, and video chat (Duo, Hangouts, Chat, and Meet), language translation (Google Translation), mapping and navigation (Google Maps, Waze, Google Earth, and Street View), hosting podcasts (Google Podcasts),  video sharing (YouTube), blog publishing (Blogger), record keeping (Google Keep and Google Jamboard), and photo settings and editing (Google Photos). The company leads the development of the Android mobile operating system, Google Chrome web browser, and Chrome OS, a lightweight operating system based on the Chrome browser. Google is increasingly turning to hardware; From 2010 to 2015, it partnered with major electronics manufacturers in the production of its Nexus devices and released several hardware products in October 2016, including the Google Pixel smartphone lineup, Google Home smart speakers, Google Wifi mesh wireless routers, and Google Daydream virtual reality headset. Google has also experimented with becoming an Internet operator (Google Fiber, Google Fi, and Google Station).

Google Checkout is an online payment processing service provided by Google that aims to simplify the process of paying for online purchases. The service was discontinued on November 20, 2013, and the service was moved to Google Wallet (now called Google Pay).

The Google Checkout service became available in the United States on June 28, 2006, and in the United Kingdom on April 13, 2007. Free for merchants until February 1, 2008. From February 2,    2008  to May 5, 2009 Google charged US traders 2.0%  +  $0.20 per transaction, and UK traders 1.4% + £0.20. Google then moved to a tiered fee structure, identical to PayPal. Since that date, Google has also stopped its offerings where merchants who advertise with AdWords accounts are not charged for monthly transactions that amount to less than ten times their monthly AdWords expenses.

Google Checkout used to have a program that allowed US IRS 501(c)3 certified nonprofits to collect donations online without being charged a standard fee (2.9% + $0.30 per transaction under a monthly income of $3,000, at a lower rate for larger volumes).

In 2006, eBay, which at the time had a PayPal, added Google Checkout to its list of banned payment methods, banning the use of Google Checkout to pay for eBay transactions. Starting in June 2011, eBay banned the use of external payment systems to pay for eBay transactions.

On November 20, 2013, Google Checkout  was discontinued. The company offers a replacement solution for certain payments called Google Wallet.