There may be a new PayPal alternative on the horizon, I’m not talking about the pyramid marketing scheme, GreenZap.
Google is rumored to have a program in the works, tentatively called Google Wallet. The program could be a convenient feature for AdSense advertisers and content providers, and if Google begins offering a fee-based Gmail, the new payment system will gain popularity.
Considering the number of eBay users who use PayPal exclusively, I don’t think Google Wallet will overtake that service, but Google Wallet will likely be a popular service for those who deal with Google.
Meanwhile, PayPal has offered a new service called Website Payments Pro. It appears to be a fully functioning payment system that does not require the user to exit the merchant’s site to visit PayPal. There’s a $20/month fee.
Updated February 6, 2012 and originally published June 20, 2005. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.