A battle at the checkout; Online payments.(PayPal vs Google Checkout)
Economist (US), The, May, 2007
PayPal dominates electronic payments, but Google's growing checkout service may prove a vigorous challenger
IN HIS celebrated book, "The PayPal Wars", Eric Jackson described how in its early years the internet firm had to battle crotchety regulators, identity thieves, volatile markets, scrappy rivals and even scheming Mafiosi. It has since gone on to become the undisputed master of online-payments processing. Now, however, to stay on top, it must leap from being merely big to ubiquitous. And it will have to do so while fending off new competitors--especially Google.
PayPal was founded in 1998 as a way of moving money between Palm Pilots. It soon became a popular way to pay for goods on eBay. So successful was it that in 2002 the auction site ditched...
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