Google Payments vs Paypal

Here's a fairly balanced comparison from Bill Burnham between the 'once again' newly introduced Google Payments and Paypal. Main point from the post below:

"One point that I feel compelled to elaborate on a bit more is that Google is apparently the merchant of record in these purchases... In contrast, EBay has done everything they can not to become the merchant of record for transactions on its site... it is a very different approach from EBay and one that promises to make the buying process on Google Base very easy, but in the process also promises to expose Google to a lot more headaches than EBay. It will be particularly interesting to see how they deal with disputes because I don't care what the legal docs say, people are still going to contact them when there's a problem and they are going to be aren't going to be happy when Google says they have no standing because of the 'terms of service'."

Fraud management/control is a critical part of a successful, profitable payment system. Good luck with that G...