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Paypal counter Google Checkout with rival service

Ebay-owned, online payment service, Paypal will launch a virtual payment system that will allow sites that do not use current Paypal as one of their payment options to accept it.

The service called Paypal Secure card will automatically direct the user to an e-commerce landing page where he or she will be able to complete the transaction.

The move comes after Google launched its successful Checkout system and managed to recruit (opens in new tab) several e-tailers.

Paypal has partnered with MasterCard to provide the service to Non Paypal registered merchants.

Since last year, more than 3 million Paypal customers have tested the Secure card solution successfully to the satisfaction of Paypal.

Apart from improving security (and reducing potential financial risks) by outsourcing the final step of a transaction to Mastercard, Paypal also wants to get more business customers who are risk-averse and would rather talk to a house-hold name like Mastercard.

Unlike Skype, the other company that Ebay purchased, Paypal has been consistently performing well with overall Paypal transactions growing to USD 12.22 bn, a full 34 percent increase.

The service works on Windows computer running either Internet Explorer or Firefox. It is not known whether Apple's Mac OS platform or Linux will be supported anytime soon.

Désiré Athow
Contributor

Désiré has been musing and writing about technology during a career spanning four decades. He dabbled in website building and web hosting when DHTML and frames were en vogue and started writing about the impact of technology on society just before the start of the Y2K hysteria at the turn of the last millennium. Following an eight-year stint at ITProPortal.com where he discovered the joys of global tech-fests, Désiré now heads up TechRadar Pro. Previously he was a freelance technology journalist at Incisive Media, Breakthrough Publishing and Vnunet, and Business Magazine. He also launched and hosted the first Tech Radio Show on Radio Plus.