Google Checkout Worse than Paypal ? Maybe for some, not others

Ballsack · 06-07-2007, 02:27 AM

I recently signed up with this service to accept payments and before they even sent me one payment they want all sorts of ridiculous info from me in addition they don't seem to like my bank account despite the fact that they let me sign up and confirm with it. Google is clearly worse than paypal. It's a never ending cycle of one awful company after another. I guess I'm headed back to paypal.

ifreewillie · 06-07-2007, 02:42 AM

I assume you signed up Google's merchant account... if so then yes, merchant account requires all kinds of information from you (i.e. SSN or TaxID) right from the get-go. BTW all merchant account will ask you all that information before you get to use their service.

Ballsack · 06-07-2007, 03:49 AM

I provided all that info when I signed up but google wants more now.

Jonas · 06-07-2007, 12:39 PM

Explain to them that they are violating their motto of "Don't be evil"

ihatebay · 06-09-2007, 11:14 PM

my experience with them has been perfect. paypal is a nightmare. they freeze your accounts for NO REASON except they want to get their hands on your money and earn interest. I HATE how Paypal can deposit money into your bank then take it BACK out / reversal. That is ILLEGAL, really, but they do it because they are a monopoly and know that sellers will still use them. At least Google doesn't do that. Do you know that say if you have $500 in GOOGLE, Google deposits that within 24 HOURS, ummmm HELLO that's like getting paid on the same day you receive the funds from buyers. Oh, and right now transaction fees are waived until 2008.

Anyways the best thing about Google is that they do not do those stupid reversals and put limits on accounts without any reason.

Lol, I hope you don'[t think I am being paid by Google, but seriously, I love them =)

CPUGEEK · 06-09-2007, 11:41 PM

I never heard of paypal taking money out of your account but I did hear of them canceling a deposit. But they will cancel it before it hits your bank account

Jack · 06-10-2007, 01:25 AM

Paypal can't take money directly out of your bank account once it's deposited. They tried it for a while, they were sued and lost. If they ever do try it again, call an attorney and start shopping for a new car or home.

Google has been known to do reversals too in all fairness, from what I've read. Really, any credit card based system is going to be open to that. I'm tempted to try them though on a temporary basis to see if they live up to either hype, good or bad. Just not with any significant amount of money.

Ballsack · 06-10-2007, 04:34 PM

Google does not deposit money to your bank within 24 hours. They specifically say it takes them 2 days to do this. Why that is I don't know. I don't even think 24 hours is even possible.

CPUGEEK · 06-10-2007, 07:53 PM

Quote:

Originally Posted by Ballsack

Google does not deposit money to your bank within 24 hours. They specifically say it takes them 2 days to do this. Why that is I don't know. I don't even think 24 hours is even possible.

Wrong ballsack,

They do deposit to your bank within 24 hours of requesting it, but it takes time for your"bank" to credit the deposit to your account. So goole does their half but if you got a slow bank then it will take longer.

My merchant account I have now takes 2 days total for me to have the funds hit my bank account because my bank is pretty fast when it comes to deposits..

Modee · 06-10-2007, 08:58 PM

Quote:

Originally Posted by CPUGEEK

I never heard of paypal taking money out of your account but I did hear of them canceling a deposit. But they will cancel it before it hits your bank account

PAYPAL:
No, they reversed two transactions for $3400. total on a friend of mine. Deposited one day, taken right out the next. If he had been quicker he could have gotten the money out and left a zero balance, but he did not. Also, who knows, maybe his bank would have ended up with a negative balance owed.

He complained to the bank, tried to call it an unauthorized debit (because the link between PP and his bank had been severed that same day), reported to the FTC, etc., but in the end PP called it a "reversal" and got away with it.

ALSO - any credit card processor DOES have the right to pull cash right out of your bank account in the event of a chargeback, so I don't see how PP would be foreclosed from doing something which amounts to the same thing.

GOOGLE:
The way Googlecheckout works is they put cash into your linked bank account on a regular, weekly basis.

REGULAR CREDIT CARD PROCESSORS:
The cash goes into your account relatively quickly, usually within 48 hours, but in some cases they can hold it up for days while they ask for verification - such as a signed copy of the charge slip, or the guy's driver's license, address, copy of invoices, whatever they want to feel comfortable. In extreme circumstances have been known to mail a check rather than EFT.

ihatebay · 06-10-2007, 11:21 PM

Quote:

Originally Posted by CPUGEEK

Wrong ballsack,

They do deposit to your bank within 24 hours of requesting it, but it takes time for your"bank" to credit the deposit to your account. So goole does their half but if you got a slow bank then it will take longer.

My merchant account I have now takes 2 days total for me to have the funds hit my bank account because my bank is pretty fast when it comes to deposits..

Yup CPUGEEK, sometimes my bank takes 7 days to process it other time i do get it in 24 hours.

ifreewillie · 06-11-2007, 01:02 AM

Quote:

Originally Posted by Modee

PAYPAL:
No, they reversed two transactions for $3400. total on a friend of mine. Deposited one day, taken right out the next. If he had been quicker he could have gotten the money out and left a zero balance, but he did not. Also, who knows, maybe his bank would have ended up with a negative balance owed.

He complained to the bank, tried to call it an unauthorized debit (because the link between PP and his bank had been severed that same day), reported to the FTC, etc., but in the end PP called it a "reversal" and got away with it.

Like Jack said, PP can no longer take money out of your banking account without the approval of the account holder.

Modee · 06-11-2007, 02:34 AM

I really don't see what has changed. They did this "reversal" taking money out that had been deposited in, in April of this year.

Of course, over a year ago PP would never catch deposits once initiated either, and now they "reverse" them right and left before they even hit your bank as well.

Ballsack · 06-11-2007, 10:03 AM

Quote:

Originally Posted by CPUGEEK

Wrong ballsack,

They do deposit to your bank within 24 hours of requesting it, but it takes time for your"bank" to credit the deposit to your account. So goole does their half but if you got a slow bank then it will take longer.

My merchant account I have now takes 2 days total for me to have the funds hit my bank account because my bank is pretty fast when it comes to deposits..

Google themselves have said they take 2 days to process your order not 24 hours.

Jack · 06-11-2007, 10:20 AM

That might just be a standard processing though. Paypal says it takes 3-5 days. It's never taken me 5 days to deposit. (*knock on wood*) Usually just 2, maybe 3 depending on the time of week and my bank. But 2 for the most part. Google may just be covering their tracks in case someone's order gets delayed just like Paypal.

Ballsack · 06-11-2007, 08:34 PM

No, paypal sends the transfer instantly. It takes your bank 3-5 days to receive.
Google says they process your transfer in 2 days. After that it takes another 3-4 days for you to see it in your bank account. See the difference? That's a total of 5-6 days.

Jack · 06-12-2007, 01:26 AM

Paypal may transfer it instantly, but that's only the "beginning" of the transfer. Otherwise, when the transfer says "completed" on the paypal side, it would already be done and your money would be available. As it is, it takes about 2 days for the transfer to say "completed" on paypal's end (depending on the time/day of the transfer), and then another day or so to be "received" and available in a bank account. There's your 3-5 days, which again is more like 3 days.

Modee · 06-12-2007, 08:06 AM

I have issues with the way they do things and let them know more than a few times. When you take cash out of your bank TO PayPal, it comes out of your account rather quickly but takes days before they post to your PP.

And then when you W/D cash from PP to Bank, it comes out of PP instantly but takes a while to post at your Bank.

In either direction PP is taking advantage of a mightly long float!

Nowadays even with BillPay, such as with Bank of America, you initiate the EFT but BofA does not deduct it from your bank account until the EFT is actually paid to the recipient. BofA does it right. PP is cheating us.

CPUGEEK · 06-12-2007, 10:22 AM

Thats because paypal will gave you a honer credit until the money actually post to paypal banks which still is about 3 days

Jonas · 06-22-2007, 04:13 AM

No, if the bank holds it up then it'll get deposited even if google suspends you. It sounds like and I haven't used it that google suspends you for a stupid and unfair reason then it immediately reverses the deposits.

From what I've heard hear Google Checkout completely violates the google corporate philosophy of "Don't be evil." -- what does everyone think of that?

06-07-2007, 02:27 AM	#1 (permalink)
Ballsack eBay Mastery iTrader: (0) Join Date: May 2007 Posts: 666 My Mood: Thanks: 0 Thanked 0 Times in 0 Posts Activity: 1% Longevity: 84%	Google Checkout Worse than Paypal I recently signed up with this service to accept payments and before they even sent me one payment they want all sorts of ridiculous info from me in addition they don't seem to like my bank account despite the fact that they let me sign up and confirm with it. Google is clearly worse than paypal. It's a never ending cycle of one awful company after another. I guess I'm headed back to paypal. Last edited by Ballsack; 10-26-2008 at 04:37 PM.

06-12-2007, 10:22 AM	#19 (permalink)
CPUGEEK MU iTrader: (0) Join Date: Mar 2007 Posts: 487 Thanks: 0 Thanked 0 Times in 0 Posts Activity: 0% Longevity: 94%	Thats because paypal will gave you a honer credit until the money actually post to paypal banks which still is about 3 days Last edited by Modee; 07-10-2008 at 11:56 AM.

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06-07-2007, 02:42 AM	#2 (permalink)
ifreewillie eBay Enthusiast iTrader: (0) Join Date: Apr 2007 Posts: 91 Thanks: 0 Thanked 0 Times in 0 Posts Activity: 0% Longevity: 86%	I assume you signed up Google's merchant account... if so then yes, merchant account requires all kinds of information from you (i.e. SSN or TaxID) right from the get-go. BTW all merchant account will ask you all that information before you get to use their service.

06-07-2007, 03:49 AM	#3 (permalink)
Ballsack eBay Mastery iTrader: (0) Join Date: May 2007 Posts: 666 My Mood: Thanks: 0 Thanked 0 Times in 0 Posts Activity: 1% Longevity: 84%	I provided all that info when I signed up but google wants more now.

06-07-2007, 12:39 PM	#4 (permalink)
Jonas Subscribed Member iTrader: (0) Join Date: Apr 2007 Location: United States Posts: 1,428 My Mood: Thanks: 3 Thanked 1 Time in 1 Post Activity: 14% Longevity: 89%	Explain to them that they are violating their motto of "Don't be evil"

06-09-2007, 11:14 PM	#5 (permalink)
ihatebay eBay Professional iTrader: (0) Join Date: Mar 2007 Posts: 278 Thanks: 0 Thanked 0 Times in 0 Posts Activity: 0% Longevity: 91%	my experience with them has been perfect. paypal is a nightmare. they freeze your accounts for NO REASON except they want to get their hands on your money and earn interest. I HATE how Paypal can deposit money into your bank then take it BACK out / reversal. That is ILLEGAL, really, but they do it because they are a monopoly and know that sellers will still use them. At least Google doesn't do that. Do you know that say if you have $500 in GOOGLE, Google deposits that within 24 HOURS, ummmm HELLO that's like getting paid on the same day you receive the funds from buyers. Oh, and right now transaction fees are waived until 2008. Anyways the best thing about Google is that they do not do those stupid reversals and put limits on accounts without any reason. Lol, I hope you don'[t think I am being paid by Google, but seriously, I love them =)

06-09-2007, 11:41 PM	#6 (permalink)
CPUGEEK MU iTrader: (0) Join Date: Mar 2007 Posts: 487 Thanks: 0 Thanked 0 Times in 0 Posts Activity: 0% Longevity: 94%	I never heard of paypal taking money out of your account but I did hear of them canceling a deposit. But they will cancel it before it hits your bank account

06-10-2007, 01:25 AM	#7 (permalink)
Jack Level 3 Restrictions iTrader: (0) Join Date: Feb 2007 Posts: 1,115 Thanks: 0 Thanked 0 Times in 0 Posts Activity: 0% Longevity: 98%	Paypal can't take money directly out of your bank account once it's deposited. They tried it for a while, they were sued and lost. If they ever do try it again, call an attorney and start shopping for a new car or home. Google has been known to do reversals too in all fairness, from what I've read. Really, any credit card based system is going to be open to that. I'm tempted to try them though on a temporary basis to see if they live up to either hype, good or bad. Just not with any significant amount of money.

06-10-2007, 04:34 PM	#8 (permalink)
Ballsack eBay Mastery iTrader: (0) Join Date: May 2007 Posts: 666 My Mood: Thanks: 0 Thanked 0 Times in 0 Posts Activity: 1% Longevity: 84%	Google does not deposit money to your bank within 24 hours. They specifically say it takes them 2 days to do this. Why that is I don't know. I don't even think 24 hours is even possible.

06-11-2007, 02:34 AM	#13 (permalink)
Modee Tech Support Guru iTrader: (67) Join Date: Jan 2007 Location: United States Posts: 3,898 My Mood: Thanks: 0 Thanked 14 Times in 14 Posts Activity: 95% Longevity: 99%	I really don't see what has changed. They did this "reversal" taking money out that had been deposited in, in April of this year. Of course, over a year ago PP would never catch deposits once initiated either, and now they "reverse" them right and left before they even hit your bank as well.

06-11-2007, 10:20 AM	#15 (permalink)
Jack Level 3 Restrictions iTrader: (0) Join Date: Feb 2007 Posts: 1,115 Thanks: 0 Thanked 0 Times in 0 Posts Activity: 0% Longevity: 98%	That might just be a standard processing though. Paypal says it takes 3-5 days. It's never taken me 5 days to deposit. (knock on wood) Usually just 2, maybe 3 depending on the time of week and my bank. But 2 for the most part. Google may just be covering their tracks in case someone's order gets delayed just like Paypal.

06-11-2007, 08:34 PM	#16 (permalink)
Ballsack eBay Mastery iTrader: (0) Join Date: May 2007 Posts: 666 My Mood: Thanks: 0 Thanked 0 Times in 0 Posts Activity: 1% Longevity: 84%	No, paypal sends the transfer instantly. It takes your bank 3-5 days to receive. Google says they process your transfer in 2 days. After that it takes another 3-4 days for you to see it in your bank account. See the difference? That's a total of 5-6 days.

06-12-2007, 01:26 AM	#17 (permalink)
Jack Level 3 Restrictions iTrader: (0) Join Date: Feb 2007 Posts: 1,115 Thanks: 0 Thanked 0 Times in 0 Posts Activity: 0% Longevity: 98%	Paypal may transfer it instantly, but that's only the "beginning" of the transfer. Otherwise, when the transfer says "completed" on the paypal side, it would already be done and your money would be available. As it is, it takes about 2 days for the transfer to say "completed" on paypal's end (depending on the time/day of the transfer), and then another day or so to be "received" and available in a bank account. There's your 3-5 days, which again is more like 3 days.

06-12-2007, 08:06 AM	#18 (permalink)
Modee Tech Support Guru iTrader: (67) Join Date: Jan 2007 Location: United States Posts: 3,898 My Mood: Thanks: 0 Thanked 14 Times in 14 Posts Activity: 95% Longevity: 99%	I have issues with the way they do things and let them know more than a few times. When you take cash out of your bank TO PayPal, it comes out of your account rather quickly but takes days before they post to your PP. And then when you W/D cash from PP to Bank, it comes out of PP instantly but takes a while to post at your Bank. In either direction PP is taking advantage of a mightly long float! Nowadays even with BillPay, such as with Bank of America, you initiate the EFT but BofA does not deduct it from your bank account until the EFT is actually paid to the recipient. BofA does it right. PP is cheating us.

06-22-2007, 04:13 AM	#20 (permalink)
Jonas Subscribed Member iTrader: (0) Join Date: Apr 2007 Location: United States Posts: 1,428 My Mood: Thanks: 3 Thanked 1 Time in 1 Post Activity: 14% Longevity: 89%	No, if the bank holds it up then it'll get deposited even if google suspends you. It sounds like and I haven't used it that google suspends you for a stupid and unfair reason then it immediately reverses the deposits. From what I've heard hear Google Checkout completely violates the google corporate philosophy of "Don't be evil." -- what does everyone think of that?