Bloomberg quotes eBay's Meg Whitman characterizing Google Checkout as merely "a little bit of a challenge"
In recent surveys, the world's largest auctioneer found
that less than one out of five users of Google's Checkout online
payment service was happy with it. At EBay's PayPal, the figure
was more than double that. Meanwhile, PayPal, bought by EBay for
$1.5 billion in 2002, has widened its lead over Checkout since
the holiday season.
"PayPal is a huge home run,'' Whitman, EBay's chief
executive officer, said in an interview. "It's the most
innovative Web payment product out there and has done really
well, even in the face of a little bit of a challenge from
Chief Spurs Growth on PayPal, Beats Google Unit
By Danny King
Last Updated: July 6, 2007 16:19 EDT