You are here: Home - Uncategorized -

Google brings its new payment system to the UK

Written by:

Internet search engine company Google has launched its payment service, Google Checkout, in the UK, in a significant UK investment designed to enhance its capabilities in this country.

Checkout is launched against the existing mainstream card processing services used by a lot of the online merchants and auction site eBay’s Paypal service and represents a significant UK investment for the company.

It has been rolled out to top up the money made by the sale of online adverts, by offering its advertisers cheap order processing.

“The starting point is our core products,” said Google’s UK consumer marketing chief, Obi Felton. “Checkout is the conclusion of the transaction cycle of consumers finding retailers through searches and advertising.”

Despite industry talk that Checkout has been designed to “kill off” eBay’s Paypal system, Google executives were keen to discount this theory. “If the idea was to kill off Paypal in year one, they still have a long way to go,” said Jupiter Research analyst Ed Kountz.

Google is totally dominant in the search engine arena, with revenues of $7.1bn in 2006 and has seen its name evolve into a verb – “to Google” – such is its popularity.




Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Zoom to New York for £129 – or only £7 with Ryanair

A price war between airline companies for cheap transatlantic flights is on the cards as many of the budget operators are...