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Just got an email from the Google Checkout folks saying that they are reining in the parade, and raising prices. Just when you thought Google Checkout was a better alternative to PayPal-- think again. Their new prices are as follows, according to their updated fees: | Monthly Sales Through Google Checkout | Fees Per Transaction |
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| Less than $3,000 | 2.9% + $0.30 | | $3,000 - $9,999.99 | 2.5% + $0.30 | | $10,000 - $99,999.99 | 2.2% + $0.30 | | $100,000 or more | 1.9% + $0.30 |
Hmmm, let's look at PayPal's fees: | $0.00 USD - $3,000.00 USD | 2.9% + $0.30 USD | | $3,000.01 USD - $10,000.00 USD | 2.5% + $0.30 USD | | $10,000.01 USD - $100,000.00 USD | 2.2% + $0.30 USD | | > $100,000.00 USD | 1.9% + $0.30 USD |
Well I'm glad the guys at Google Checkout didn't have to research their price points too hard. Now let me see where does Google Checkout have the competitive edge? Hmm. Nowhere, oh yeah that's right. So they're trying to sell me that Google Checkout is better than Paypal, when Paypal is years ahead in that business sector. Are you kidding me? I love Google, and was even warming up to Google Checkout, but this change from 2.0% + $.20 all the way to 2.9% + $.30 is ridiculous. I think the Google Checkout team is severely premature in this price hike, it must be a sign that this hasn't been very profitable for them. I used to be worried that I could get lower fees with Google Checkout, and thought I needed to switch all my payments to use Google Checkout, but now, I am content that I have the lower fees, and maximum protection through Paypal. I think Google is really expecting people to trust them here. Paypal has had to earn trust the hard way, making plenty of mistakes, and even locking my own account once or twice. I haven't had any problems as of late with them. Just because they're Google doesn't mean that they're the best at everything, I am content to keep doing business with PayPal until there's a compelling reason to switch. As of yet, Google Checkout has provided no compelling reason.
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