Google is abt to lauch its much awaited payment service named Googlecheckout this thursady.
Unlike other Google products its will not be launched in beta mode instead will be launched as final service.
Googlecheckout has been designed to simplify and streamline business-to-consumer e-commerce transactions by letting buyers store their purchasing information with Google. That way, users can store contact details, payment preferences and shipping information once, instead of having to enter that information separately with multiple merchants.
Google Checkout supports a variety of payment methods, including credit cards from Visa International, MasterCard International, American Express and Discover Bank. Meanwhile, Citibank cardholders who enroll in Google Checkout and make at least one purchase before Sept. 15 will receive a credit on their statement, cash back or reward-program points.
It had previously been suggested that Google Checkout would directly rival eBay’s PayPal, but the Google service has a broader scope, Weiner said. “PayPal lacks Google’s search mechanism and the advertising platform. This goes to the things PayPal doesn’t offer,” Weiner said.
Google Checkout also provides shoppers with a purchasing history and reimburses them for unauthorized purchases.