Google Checkout Launched- Is this the paypal killer?

Google has started it’s payment processor service today. After the login page, you will be asked to fill in your credit card detail. I haven’t test the system but there is a long list of online retailers accepting Checkout. Click to see particapating online shops
What about the fee? is it Free?:
Yes for the buyers(of course) but for sellers, you have to pay 2% + $0.20 per transaction. The good news is, if you are a adwords customers, you can process 10 times the value that you have used to purchase adwords. The diagram below explain this

click to enlarge
Useful link:
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.










Already try to register but currently the service is open only for US and UK merchant.
[Reply]