Friday, December 28, 2007

Review: Google Checkout - Free credit card processing!

Update: As of February 1, 2008 Google charges a 2% processing fee plus 20¢ per transaction. Donations to non-profit organizations are still free though!

Google has an amazing product called Google Checkout which allows anyone to easily process credit card transactions.

Google Checkout means totally free credit card processing! All other credit card processing companies withhold a percentage of the amount charged to the card. In addition to that, there are fees per transaction etc.

I personally have used Google Checkout to charge tuition for a camp I ran last summer, and it worked flawlessly.

Why would you use this even if you don’t have a store?

  • Someone owes you money
  • You want to sell something (either online or not)
  • You want to charge for a service (i.e. camp, tutoring etc.)

If someone needs to pay you a sum of money, and cash isn’t the best option, just send them a Google checkout invoice via email. They pay you, using their credit card which they already have on file with Google.

Google will give you the FULL amount.
If you send someone a bill for $100, Google will deposit the full $100 in your bank account! No credit card processing fees at all!

(When they first sign up with Google, they should really do it by buying something which will give them $10.00 off their purchase (might expire Dec. 31, 2007 - Update Jan 1st: still working! ). Buying this 1GB Flash Drive at Buy.com will be FREE with Google checkout.)

All this will last until February 1, 2008 at which time Google will start charging a 2% processing fee plus 20¢ per transaction.

Miles-obsessed individuals could surely figure a way to get lots of miles out of this…

Click here to sign up for Google Checkout.

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If you are a non-profit organization however, Google will allow you to get donations with no fees until 2009!!! So you can put up a Google Checkout button on your site for donations. You will receive the full amount that was donated.

If you are a non-profit, be sure to take advantage of this amazing offer!

Click here if you are a Non Profit organization.

2 comments:

Bittul said...

This could be a perfect solution to eliminate the 3% BT fees most CC charge!

Unless of course there is a maximum charge. Is there?

Mendy. (bittul)

Deal Reviews said...

Yes, it might work. I don't think Google has set up a maximum charge, though I believe they reserve the right to void transactions.

I think it would work well if someone is already processing large amounts through his Google Checkout account, if you only have one massive transaction I doubt it will go through.

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