Google offer takes on PayPal |

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Google offer takes on PayPal

11. December 2006, 3:48 Uhradmin

Google is offering merchants free use of its online payment service as it squares off against eBay’s market-leading PayPal.

The Internet search giant introduced Google Checkout in June, with sweeteners such as free ad credits for merchants. In November, it began offering rebates to consumers, $10 off $30 purchases. PayPal quickly matched the offer.

On Wednesday, Google ratchets up the pressure by dropping merchant fees through 2007.

“I’m thrilled,” says Lanny Morton, whose Sportscloseouts.com uses both Google Checkout and PayPal. “The online business is really competitive, and every little percentage helps.”

Merchants pay a variety of fees to use the services. PayPal charges 2.9 percent plus 30 cents per transaction on sales up to $3,000 a month. Google’s fee is 2 percent of the sale plus 20 cents, less if the merchant is a Google advertiser.

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A peer-to-peer (or P2P) computer network relies primarily on the computing power and bandwidth of the participants in the network rather than concentrating it in a relatively low number of servers. P2P networks are typically used for connecting nodes via largely ad hoc connections. Such networks are useful for many purposes. Sharing content files (see file sharing) containing audio, video, data or anything in digital format is very common, and realtime data, such as telephony traffic, is also passed using P2P technology.A pure peer-to-peer network does not have the notion of clients or servers, but only equal peer nodes that simultaneously function as both "clients" and "servers" to the other nodes on the network. This model of network arrangement differs from the client-server model where communication is usually to and from a central server. A typical example for a non peer-to-peer file transfer is an FTP server where the client and server programs are quite distinct, and the clients initiate the download.