Tuesday, April 24, 2012

Paypay vs. Google Checkpoint vs. Microsoft Wallet

Have you ever bought an item off ebay? (one of my favorite sites for online shopping!) If you have them you most likely have used paypal.  Much like others I have only heard of Paypal-and Google checkpoint (what the android software uses) but have never heard of Microsoft wallet.  All are digital payment services but they cater to different kinds of people.
Both google checkpoint and paypal provide you a secure site to pay for your purchases with and also have a refund policy if fraud were to happen. 
Google checkpoint just holds your credit or debit card information while you shop making sure they protect your personal information.  If you would like to sell an item on a website google checkpoint allows you to cut and paste code that will allow whoever wants to purchase your item use google checkpoint.
Paypal on the other hand lets for more advanced features!  Paypal allows you to transfer money from bank accounts.  You can also use paypal to wire money to people. 
Microsoft wallet allows users to use a digital wallet on internet explorer.  Users fill out all of their information which is then stored on Microsofts servers which allows users to log back on to the system and retrieve their data without having to fill anything out again.  Very Convenient! 

As I was reseraching about Paypal, Google checkpoint and Microsfot wallet I found that Microsoft wallet has been through many name changes and it was very diffcult to find information about the system.  I may be biased becasue of all of my Ebay shopping and using Paypal but I would recommed using Paypal if you were given the choice.  It has been very reliable and safe!


Here is a chart that compares PayPayl and Google Checkout

PayPal Google Checkout
Merchants eBay, thousands of retailers Hundreds of retailers, including Buy.com
How to make payments Your credit card, debit card, or bank account Your credit or debit card
Rate merchants Yes, on eBay Yes
International shopping 55 countries, 6 currencies (EU, CA, pound, US, yen, Australian) No; U.S. only
Hide your e-mail address from merchants No Yes
Peer-to-peer payments Yes No
Security SSL, same used by banks SSL, same used by banks
Fraud protection 100 percent refund for fraudulent transactions of $50 or more 100 percent refund (must report within 60 days) for fraudulent transactions
Fee for accepting payments on your own Web site 1.9 to 2.9 percent of sales plus 30 cents per transaction 2 percent of sales plus 20 cents per transaction (less for AdWords customers)
Items you can't sell Illegal items, weapons, adult goods, copyrighted media Illegal items, weapons, adult goods, copyrighted media
Calculates shipping and tax Yes No
Users

More than 100 million n/a

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