Ecommerce providers are often in search of merchant accounts that are cost efficient and easy to use. Google CheckOut and Paypal are strong competitors as third party payment processors offering free merchant accounts. They provide added security for both the merchant and the consumer, allowing credit cards to be processed safely. PayPal is presently more established with merchants and consumers, managing more than 100 million accounts. However, Google CheckOut is rapidly growing in popularity by offering discounted rates and incentive programs.
Google CheckOut is a branch of the Google search engine. One of the main advantages of this company is that it is integrated with Google AdWords. With Google CheckOut, merchants receive additional recognition in the Google Search Engine. Plus, they get a number of discounts on certain services. On the other hand, Paypal derived from the eBay corporation. They are more widely accepted and offer a full range of merchant services. Not only do they accept credit cards, they deduct from bank accounts as well.
Security features for Google CheckOut and PayPal are similar. They both use an encrypting system that codes sensitive data before it crosses the internet. They also both offer similar pricing, rebate programs, and fast payment processing. However, Google CheckOut has recently run some special promotions in their efforts to compete with PayPal.
Fraud protection is offered by both Google CheckOut and PayPal at 100%. However, PayPal requires that the transaction amount is over $50 before they will ensure coverage. Both companies have a support staff that works to quickly resolve issues. However, customer support through PayPal is available live through a toll free number, while Google CheckOut responds to questions by email. There are advantages and disadvantages to both payment processors. Some merchants choose to use both Google CheckOut and PayPal as opposed to choosing between them.
Best Merchant Accounts
