There are other concerns too

There are other concerns too. PayPal’s resource-rich information attracts hordes of hackers and online-thieves to prey upon. This means that on many occasions, for none of your deliberate wrong-doing, you may have your legitimate account frozen along with whatever money there is in it.

As PayPal spread far and wide, the problems above should have prompted it to diversify and systematically organize its services in time. That was not to be, until Google arrived on the scene. Google’s arrival is rumored from April last. So ultimately PayPal rolled up its sleeve and started serious thinking. Singapore’s proposed set-up is an indication of that. One hopes that PayPal’s Singapore unit will address customers’ problems with alacrity. For one, why not facilitate direct bank-transfer of payments China supermarket display cases Manufacturers for its customers, say in India, like PayPal does for its customers in US, EU and few other countries?

Checkout is presently only for US buyers and sellers. There is no doubt Google will offer the service elsewhere too in near future. For AdWords users, Checkout is expected to be a boon. Who knows, as time passes, Google may even entice Governments to use its discounted service for different revenue collections. Google is not known to play second fiddle in whatever it does. So Checkout will very shortly become a serious contender to PayPal.

It is unlikely that PayPal users will unceremoniously dump it in favor of Checkout (as and when it becomes available). In any case, Checkout’s features are still in evolving stage. In all probability, it would be that PayPal customer will also become Checkout user and weigh pros and cons before choosing one over another. To that extent, PayPal still has some time. What about new customers? It’s difficult to hazard a guess here. I’ll not put my money on either one’s succeeding, at least till the dust settles or till the fight begins in right earnest. After all, it’s my moneyFeature Articles, honey!