Google Checkout Review

Written by Administrator

Wednesday, 03 September 2008 16:47

Google Checkout Review

Google Checkout has been launched for a while. Will it be the giant killer for paypal? We will give you a brief introduction from setup to market share info. Our review may help you to get deep insight into the payment tools.

Set up requirement:

Ø 1 UK and US location merchant

Ø 2 Federal Tax ID EIN / Credit Card and Social Security Number / Credit Card only* (The above info is only required to provide one of them , however , the credit card option will have monthly limit. )

Ø 3 US/UK Bank account

Fee schedule: Sales Through Google Checkout
Transaction Fees
Sales of up to 10 times your monthly AdWords spend
FREE
in excess of 10 times your monthly AdWords spend
2% + $0.20 per transaction
Charge back Fee :
10$/charge back
Refund Fee :
0.2$/refund

Example:
Day 1 (Monday) You charge Google Order #12345 on Monday, March 3rd, for the amount of $100. As seen on the order details page, the Google fee charged for this order is $2.20. At the end of the business day (PST) you can check the 'Purchases' column of Payouts tab. When you click $100 under this column, you'll see two line items for order #12345: · 'Purchases' for $97.80 · 'FeeDebit' for $2.20 Day 2 (Tuesday) At the end of the business day (PST), Google adds $2.20 (the Google fee for order #12345) to the 'Other Activity' column of the Payouts page. When you click on $2.20 you'll see a 'FeeCredit' of $2.20 listed for order #12345 Day 3 (Wednesday) Google Checkout initiates a payout to your bank account in the amount of $100.00 today. If you click $100.00 in 'Payout' column you can see that this payout includes your completed sales from Day 1 ($97.80) and the 'Other Activity' for Day 2 ($2.20)

Withdraw/Payout:

Ø 1 $500 withdrawal limit applied to account verified by credit card . No withdrawal limit applied to account verified by other methods

Ø 2 Google will automatically initiate a payout to your bank account within two business days after you successfully charge an order.

About ChargeBack

Google ChargeBack Free eligibility:

1. The merchant shipped the order to the buyer's shipping address (as specified in the Google Checkout Merchant Center or the Google Checkout API call) according to the shipping method and timeframe agreed upon when the order was placed.

2. The merchant provide a tracking number or other proof of delivery for transactions less than US$250.

3. The merchant provide proof of delivery with the buyer's signature for transactions greater than US$250.

4. The merchant receive a request from Google for supporting documentation and provide this information within ten business days.

5. The merchant is currently displaying a clear return policy on your website. The disputed order doesn't involve intangible goods.

Chargeback policy covers:

l All sales of tangible goods that meet google`s content policies.

l Chargebacks resulting from claims of unauthorized purchases and non-receipt of items.

Chargeback policy doesn't cover:

l Intangible goods, such as services and digital content.

l Chargebacks resulting from claims of defective merchandise or 'items not as described.

Feature:

Ø Adwords linked

Ø ACV & CVV plus info sharing to prevent fraud

Ø Support API

Ø Call-to-verified (Buyer phone 3 verification ) required for high risk payment

Disadvantage:

Ø Dispute* policy may be friendly to our business model.

Ø Mediation services are available for Google Checkout orders placed in the last three months. *Dispute : If a buyer disputes a transaction with the merchant, google will urge the merchant, to resolve the issue directly with the buyer. If the merchant is unable to reach a resolution with the buyer directly, Google can review the situation and propose a solution. Should the merchant receive a dispute notification email from the google checkout specialists, reply within 3 business days is compulsory. The merchant must respond to all buyer inquiries and ship orders within the promised timeframe. If Google is notified that the merchant is not responding to buyer inquiries, Google reserves the right to review the situation and take appropriate action, which may include suspending the Google Checkout access.Google Checkout access may be suspended or terminated if:1 Google is asked to mediate an excessive number of disputes during which your business is found to be at fault.

2 Google is notified that you aren't responding in good faith to reasonable communications (including requests for order status information or details about missing orders) from buyers.

Market share review

The following charges showed the market share of Google checkout transaction and marketshare.