Google Checkout Fees Now Identical to PayPal
March 12, 2009
Google Checkout will increase their fees to the EXACT same structure as PayPal, beginning May 5, 2009:
http://checkout.google.com/seller/fees.html
for reference, here are PayPal’s fees:
https://www.paypal.com/cgi-bin/webscr?cmd=_display-receiving-fees-outside&countries=
Interestingly, since PayPal offers an eCheck option, limited to $5 per transaction, max, customers spending over about $250 by eCheck make PayPal the cheaper option for the vendor.
And the Google-waived fees for related AdWords spends are now totally gone.
Sellers are not happy about this coming change, here are some thoughts:
I imagine we’ll remove it as a payment method in May. I never really liked how they forced you to integrate it, anyway.
I’m pretty sure we’ll drop them on 5/5 also. If we hear from customers that this is an issue, maybe we’ll reconsider, but I doubt it.
Frankly, since GC and PayPal now use the same tiered pricing, financially, I should only take one so that I can try to get as many of these off-site payments into the same basket and get the best tier. So, of course, I’ll go with the one with more sales currently. That’s PayPal, hands-down.
I wonder if PayPal will be the big winner here. They’re probably pretty happy with this news.
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