Fear Mongering Google Exec Trashes Online Ecommerce Payment Methods

[mandy]

    Payment right now on the Web is a disaster. Everybody who has ever tried to buy anything on the Web right now, you don’t know who the person who is selling the goods are, you have to input your credit card to a thousand different places out there, who knows what those people are doing with my credit card. It takes a long time to get through a transaction process, honestly if it took as long for you to get through the checkout at your supermarket, as it takes to do an ecommerce transaction right now you may never do it.

    Especially when the prices of items are very low. Things like videos, 99 cents and things like that, you are not going to go through a full transaction cycle as a consumer to do that kind of thing.

    Also there’s Privacy issues here, you may not want to give your information to all those different places...

full article: http://blogs.zdnet.com/micro-markets/?p=425