History
Google Checkout service became available in the United States on June 28, 2006, and in the UK on April 13, 2007. It was free for merchants until February 1, 2008. From then until May 5, 2009 Google charged US merchants 2.0% plus $0.20 per transaction, and UK merchants 1.4% + £0.20. Google since moved to a tiered cost structure, identical to that of PayPal. Also since this date, Google has discontinued its offer whereby merchants who advertised with an AdWords account were not charged fees on monthly transactions totaling less than ten times their monthly AdWords expenditure.
Google Checkout used to have a program which allowed US IRS Certified 501(c)3 Non-Profit organizations to collect donations online without being charged the standard fee (2.9% + $0.30 per transaction under $3,000 monthly income, with lower rates for larger volumes).
In 2010 eBay, which owns PayPal, added Google Checkout to its banned payment methods list, forbidding the use of Google Checkout to pay for eBay transactions.
Read more about this topic: Google Checkout
Famous quotes containing the word history:
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