Google Checkout was an online payment processing service provided by Google aimed at simplifying the process of paying for online purchases. It was discontinued on November 20, 2013 and the service moved to Google Wallet (now called Google Pay).
Users would store their credit or debit card and shipping information in their Google Account, so that they could purchase at participating stores by clicking an on-screen button. Google Checkout provided fraud protection and a unified page for tracking purchases and their status.
Google Checkout service became available in the United States on June 28, 2006, and in the UK on April 13, 2007. It was free for merchants until February 1, 2008. From then until May 5, 2009 Google charged US merchants 2.0% plus $0.20 per transaction, and UK merchants 1.4% + £0.20. Google subsequently moved to a tiered cost structure, identical to that of PayPal. From that date, Google also discontinued its offer whereby merchants who advertised with an AdWords account were not charged fees on monthly transactions totaling less than ten times their monthly AdWords expenditure.
Google Checkout used to have a program allowing US IRS Certified 501(c)3 Non-Profit organizations to collect donations online without being charged the standard fee (2.9% + $0.30 per transaction under $3,000 monthly income, with lower rates for larger volumes).
In 2006, eBay, which owned PayPal at the time, added Google Checkout to its banned payment methods list, forbidding the use of Google Checkout to pay for eBay transactions. As of June 2011, eBay forbids the use of any external checkout system to pay for eBay transactions.
On November 20, 2013 it was discontinued. The company offered a replacement solution for certain payments called Google Wallet.
Google Checkout supported customers through multiple channels such as a Help Center, Help Forums, and email support. Google Checkout Buyers could find help at Google Checkout Buyer Help Center and Merchants could find help at Google Checkout Merchant Help Center and Google Checkout Merchant forum. This was subsequently only available for Google Grants recipients, and only through March 31, 2012.
- ^ Jump up to:ab “Retiring Google Checkout Announcement”. Google. Archived from the original on June 25, 2014. Retrieved November 21, 2013.
- ^Google unveils UK payments system Archived 2009-02-15 at the Wayback Machine BBC News
- ^“No Processing fees until February 1, 2008”. Google Checkout Blog. Archived from the original on February 24, 2009.
- ^“Google Checkout – Fees”. Archived from the original on 2011-09-23.
- ^Steiner, Ina. “eBay Bans Sellers from Using Google Checkout”. AuctionBytes. Archived from the original on 2012-06-04.
- ^“eBay To Ban Outside Checkout Services By June 2011”. TechCrunch. 1 September 2010. Archived from the original on 13 October 2014. Retrieved 13 October 2014.
- ^“eBay bans Google Checkout”. CNET. Archived from the original on 15 September 2013. Retrieved 13 October 2014.
- ^“Google Checkout vs. eBay Pay Pal: Where is the competition?”. ZDNet. 20 August 2006. Archived from the original on 17 October 2014. Retrieved 13 October 2014.
- ^ Jump up to:ab “Google Checkout for Non-Profits”. Archived from the original on April 6, 2009. Retrieved 2009-05-21.
Ofer Abarbanel is a 25 year securities lending broker and expert who has advised many Israeli regulators, among them the Israel Tax Authority, with respect to stock loans, repurchase agreements and credit derivatives. Founder of TBIL.co STATX Fund.