Google Chekout - the Paypal & CCAvenues Killer !

Being an avid online shopper , i regularly use paypal to make my online payments . I also use Indian Payment gateways like Payseal or CC Avenues. Now google checout is a similar service from the big online services giant Google itself. www.chekout.google.com

The best part from the vendors perspective is that as of 2008 , its completely free - payment gateways normally charge a % of transation(3-7%) as fee from the vendor apart from one time setup fee(Rs 20-50k) Now small vendors can shift to Google Checkout and offer online payments to their customers - no setup fee , no transaction fee ! Morever as usual the buyer does not need to pay anything extra apart from purchase price :-)http://checkout.google.com/support/bin/answer.py?answer=29062&ctx=sibling

The relevant news is this service is available in India too. Now that is a major issue with paypal as it doesnt have operations in India , making the process more tedious. http://checkout.google.com/support/bin/answer.py?answer=48115

Seems like Google Checkout is the Paypal and other payment platform killer ! Going by Google's reputation and resources - it shoudnt be very difficult too ;-)

The icing on the cake? Yes $10 sign up bonus offer is there - so hurry up ;-)