GoogleWallet/Payment Processor
Sunday, February 26th, 2006The Official Google blog has made a post about their payment processor that they will release at some point in the future. Although vague, there are a couple conclusions that we can draw from the post.
First of all, we can conclude that its not too terribly far off. Possibly even eminant. However, there are two ways of looking at it. Either this blog post was hinting that it will be released very soon, or it was a tease—just trying to get us hyped up over it. Either way it is probably a good strategy.
Finally, I’m going to guess from their description of what it will do, that its not going to do everything that many are hoping it will do. Many, webmasters especially, are already hailing it as a the payment processor that will kill Paypal—a permanent fix to all the evils of paypal’s transaction charges. However, since none of this functionality was mentioned, it suggests to me that Google isn’t interested in moving into that market, and so won’t include those features. If you’ve noticed, the only toes that Google has ever stepped on are those of the US government, and other search engines.














