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Monday, November 16, 2009

Google chekout:An Alternative to Paypal,Let u Earn your money


According to the NY Times:




Google is charging merchants 20 cents plus 2 percent of the purchase price to process card transactions, less than most businesses pay for credit card processing. Banking industry executives say that credit card processors typically pay MasterCard and Visa a fee of 30 cents and 1.95 percent for every purchase, so Google will be subsidizing many transactions.
What is more, for every $1 a company spends on search advertising, Google will waive the fees on $10 worth of purchases. Factoring in the 2 percent fee, that represents a rebate of at least 20 percent of advertising spending.


So to make money, all You need to do is to find a 78 cent product that you can sell ten of for a $1, off $1 of advertising. Every time you sell 10 of them, you will  make $2.20!


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